Media coverage about Dick’s Sporting Goods (NYSE:DKS) has trended somewhat positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dick’s Sporting Goods earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the sporting goods retailer an impact score of 48.6684065582303 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Dick’s Sporting Goods (NYSE:DKS) traded up $0.19 during midday trading on Wednesday, hitting $30.25. 2,483,125 shares of the company’s stock were exchanged, compared to its average volume of 3,058,944. The stock has a market capitalization of $3,250.00, a PE ratio of 9.57, a P/E/G ratio of 1.63 and a beta of 0.57. Dick’s Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $59.63. 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 (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.48 earnings per share. sell-side analysts forecast that Dick’s Sporting Goods will post 2.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.25%. Dick’s Sporting Goods’s payout ratio is currently 25.09%.
Several equities analysts recently commented on DKS shares. Stifel Nicolaus downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating and cut their price target for the company from $54.00 to $28.00 in a report on Tuesday, August 15th. Bank of America downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research note on Tuesday, August 15th. Oppenheimer restated a “hold” rating on shares of Dick’s Sporting Goods in a research note on Tuesday, August 15th. Canaccord Genuity downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating and dropped their target price for the stock from $52.00 to $27.00 in a research note on Tuesday, August 15th. Finally, Wedbush downgraded shares of Dick’s Sporting Goods from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research note on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.92.
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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.
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