Citigroup upgraded shares of Dicks Sporting Goods (NYSE:DKS) from a neutral rating to a buy rating in a research note released on Tuesday, December 19th, MarketBeat reports. They currently have $35.00 price target on the sporting goods retailer’s stock, up from their prior price target of $28.00.
A number of other analysts also recently issued reports on DKS. Cowen reaffirmed a hold rating and set a $28.00 price target on shares of Dicks Sporting Goods in a report on Thursday, September 28th. Susquehanna Bancshares decreased their price target on Dicks Sporting Goods from $30.00 to $27.00 and set a neutral rating for the company in a report on Friday, November 10th. Bank of America cut their target price on Dicks Sporting Goods from $35.00 to $30.00 and set a neutral rating on the stock in a research report on Wednesday, November 15th. MKM Partners cut their target price on Dicks Sporting Goods from $30.00 to $25.00 and set an overweight rating on the stock in a research report on Wednesday, November 15th. Finally, Oppenheimer reiterated a hold rating on shares of Dicks Sporting Goods in a research report on Thursday, August 24th. 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 has an average rating of Hold and an average target price of $32.92.
Shares of Dicks Sporting Goods (NYSE DKS) traded up $0.76 during midday trading on Tuesday, reaching $33.33. The company’s stock had a trading volume of 4,145,200 shares, compared to its average volume of 3,550,000. The stock has a market cap of $3,580.00, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. Dicks Sporting Goods has a 12 month low of $23.88 and a 12 month high of $54.74.
Dicks 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, topping the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. Dicks Sporting Goods’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. equities analysts anticipate that Dicks Sporting Goods will post 2.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s payout ratio is 25.09%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Dicks Sporting Goods by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after purchasing an additional 135,991 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Dicks Sporting Goods by 263.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after acquiring an additional 4,085,414 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Dicks Sporting Goods by 54.6% during the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after acquiring an additional 1,339,379 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Dicks Sporting Goods by 10.7% during the 2nd 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 acquiring an additional 176,439 shares in the last quarter. Finally, Okumus Fund Management Ltd. purchased a new stake in shares of Dicks Sporting Goods during the 3rd quarter worth approximately $46,406,000. Institutional investors own 72.81% of the company’s stock.
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Dicks 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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