Buckingham Research upgraded shares of Dicks Sporting Goods (NYSE:DKS) from a neutral rating to a buy rating in a research report report published on Wednesday, Marketbeat reports.
Several other equities research analysts also recently commented on DKS. Cowen set a $34.00 target price on shares of Dicks Sporting Goods and gave the stock a hold rating in a research report on Friday, January 12th. BMO Capital Markets set a $40.00 target price on shares of Dicks Sporting Goods and gave the stock a buy rating in a research report on Thursday, January 11th. Deutsche Bank raised shares of Dicks Sporting Goods from a hold rating to a buy rating and boosted their target price for the stock from $33.00 to $39.00 in a research report on Friday, January 12th. Canaccord Genuity set a $34.00 target price on shares of Dicks Sporting Goods and gave the stock a hold rating in a research report on Sunday, January 7th. Finally, Robert W. Baird restated a hold rating and set a $32.00 price target on shares of Dicks Sporting Goods in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $33.36.
Dicks Sporting Goods (NYSE:DKS) traded up $0.88 during trading hours on Wednesday, hitting $33.92. 2,215,299 shares of the stock traded hands, compared to its average volume of 3,330,000. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $3,640.00, a P/E ratio of 12.52, a PEG ratio of 1.80 and a beta of 0.56. Dicks Sporting Goods has a one year low of $23.88 and a one year high of $54.03.
Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, topping the 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 net margin of 3.54% and a return on equity of 17.95%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. equities research analysts predict that Dicks Sporting Goods will post 2.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s payout ratio is 25.09%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Dicks Sporting Goods by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after acquiring an additional 135,991 shares during the last quarter. Northern Trust Corp boosted its stake in Dicks Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after acquiring an additional 1,339,379 shares during the last quarter. Okumus Fund Management Ltd. purchased a new position in Dicks Sporting Goods in the third quarter valued at about $46,406,000. Dimensional Fund Advisors LP boosted its stake in Dicks Sporting Goods by 58.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock valued at $46,379,000 after acquiring an additional 636,186 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in Dicks Sporting Goods by 16.2% in the third quarter. Manning & Napier Advisors LLC now owns 1,213,325 shares of the sporting goods retailer’s stock valued at $32,771,000 after acquiring an additional 169,370 shares during the last quarter. Hedge funds and other institutional investors own 72.83% 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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