Cowen set a $34.00 target price on Dicks Sporting Goods (NYSE:DKS) in a report released on Friday morning. The brokerage currently has a hold rating on the sporting goods retailer’s stock.
A number of other analysts have also commented on DKS. Canaccord Genuity set a $34.00 price objective on Dicks Sporting Goods and gave the stock a hold rating in a report on Sunday, January 7th. Deutsche Bank raised Dicks Sporting Goods from a hold rating to a buy rating in a report on Friday. BMO Capital Markets set a $40.00 price objective on Dicks Sporting Goods and gave the stock a buy rating in a report on Thursday. ValuEngine lowered Dicks Sporting Goods from a buy rating to a hold rating in a report on Sunday, December 31st. Finally, Robert W. Baird reissued a hold rating and set a $32.00 price objective on shares of Dicks Sporting Goods in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and nine have assigned a buy rating to the company’s stock. Dicks Sporting Goods presently has a consensus rating of Hold and an average price target of $32.92.
Shares of Dicks Sporting Goods (NYSE:DKS) traded up $0.76 on Friday, reaching $33.33. The company’s stock had a trading volume of 4,145,301 shares, compared to its average volume of 3,550,000. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. The company has a market cap of $3,580.00, a price-to-earnings ratio of 12.30, a P/E/G ratio of 1.78 and a beta of 0.56. Dicks Sporting Goods has a 1 year low of $23.88 and a 1 year high of $54.74.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. analysts expect that Dicks Sporting Goods will post 2.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a $0.17 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.68 annualized dividend and a yield of 2.04%. Dicks Sporting Goods’s payout ratio is 25.09%.
A number of institutional investors have recently bought and sold shares of DKS. Schwab Charles Investment Management Inc. lifted its stake in Dicks Sporting Goods by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 324,610 shares of the sporting goods retailer’s stock valued at $12,930,000 after purchasing an additional 31,712 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Dicks Sporting Goods by 3.6% in the second quarter. Principal Financial Group Inc. now owns 375,611 shares of the sporting goods retailer’s stock valued at $14,960,000 after purchasing an additional 13,138 shares during the last quarter. Schroder Investment Management Group lifted its stake in Dicks Sporting Goods by 71.1% in the second quarter. Schroder Investment Management Group now owns 152,300 shares of the sporting goods retailer’s stock valued at $5,978,000 after purchasing an additional 63,300 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Dicks Sporting Goods by 2.6% in the second quarter. Wells Fargo & Company MN now owns 574,455 shares of the sporting goods retailer’s stock valued at $22,880,000 after purchasing an additional 14,814 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Dicks Sporting Goods by 0.8% in the second quarter. Alliancebernstein L.P. now owns 58,027 shares of the sporting goods retailer’s stock valued at $2,311,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.
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About Dicks Sporting Goods
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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