Dicks Sporting Goods Given “Buy” Rating at Citigroup Inc. (DKS)

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Dicks Sporting Goods (NYSE:DKS)‘s stock had its “buy” rating reiterated by Citigroup Inc. in a research note issued on Wednesday. They currently have a $51.00 price objective on the stock, down from their previous price objective of $66.00. Citigroup Inc.’s price objective would indicate a potential upside of 17.92% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Wednesday. They now have a $51.00 price target on the stock, down previously from $66.00. Separately, analysts at CRT Capital cut their price target on shares of Dicks Sporting Goods from $65.00 to $60.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Telsey Advisory Group cut their price target on shares of Dicks Sporting Goods from $61.00 to $49.00 in a research note on Wednesday. They now have a “not rated” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Dicks Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $52.50.

Dicks Sporting Goods (NYSE:DKS) traded down 0.23% during mid-day trading on Wednesday, hitting $43.15. The stock had a trading volume of 419,875 shares. Dicks Sporting Goods has a 52-week low of $42.55 and a 52-week high of $58.87. The stock’s 50-day moving average is $51.85 and its 200-day moving average is $54.01. The company has a market cap of $5.227 billion and a P/E ratio of 15.77.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted $0.48 earnings per share. Dicks Sporting Goods’s revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that Dicks Sporting Goods will post $2.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, June 4th.

DICK’S Sporting Goods, Inc is a sports and fitness specialty omni-channel retailer offering a range of brand name sporting goods equipment, apparel and footwear in a specialty store environment.

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