Dick’s Sporting Goods (NYSE:DKS) Price Target Cut to $30.00

Dick’s Sporting Goods (NYSE:DKS) had its target price decreased by Bank of America from $35.00 to $30.00 in a report released on Wednesday, November 15th. Bank of America currently has a neutral rating on the sporting goods retailer’s stock.

Other research analysts also recently issued reports about the company. MKM Partners downgraded Dick’s Sporting Goods from a buy rating to a neutral rating and dropped their price target for the stock from $47.00 to $30.00 in a research report on Tuesday, August 15th. Citigroup downgraded Dick’s Sporting Goods from a buy rating to a neutral rating and set a $30.00 price target on the stock. in a research report on Wednesday, August 16th. Buckingham Research downgraded Dick’s Sporting Goods from a buy rating to a neutral rating and set a $45.00 price target on the stock. in a research report on Wednesday, August 16th. Guggenheim restated a neutral rating on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Finally, BMO Capital Markets set a $37.00 price target on Dick’s Sporting Goods and gave the company an outperform rating in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $33.12.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded down $0.56 during trading on Wednesday, hitting $28.90. The stock had a trading volume of 3,884,509 shares, compared to its average volume of 4,850,064. The firm has a market cap of $3,221.89, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.61 and a beta of 0.56. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. Dick’s Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $62.80.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS. equities research analysts predict that Dick’s Sporting Goods will post 2.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.17 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.35%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is currently 25.09%.

Several institutional investors have recently made changes to their positions in DKS. Vanguard Group Inc. boosted its position in shares of Dick’s Sporting Goods by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after buying an additional 135,991 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Dick’s Sporting Goods by 263.8% during the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after buying an additional 4,085,414 shares during the period. Northern Trust Corp boosted its position in shares of Dick’s Sporting Goods by 54.6% during the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after buying an additional 1,339,379 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Dick’s Sporting Goods by 10.7% during the second quarter. Bank of New York Mellon Corp now owns 1,828,157 shares of the sporting goods retailer’s stock worth $72,815,000 after buying an additional 176,439 shares during the period. Finally, Okumus Fund Management Ltd. acquired a new position in shares of Dick’s Sporting Goods during the third quarter worth about $46,406,000. Institutional investors own 71.72% of the company’s stock.

WARNING: This report was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/02/dicks-sporting-goods-inc-dks-price-target-cut-to-30-00-by-analysts-at-bank-of-america-corporation.html.

Dick’s Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Analyst Recommendations for Dick`s Sporting Goods (NYSE:DKS)

Receive News & Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply