Shares of Dicks Sporting Goods Inc (NYSE:DKS) have received an average recommendation of “Hold” from the thirty-three brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $34.77.
A number of equities analysts have recently weighed in on the company. BMO Capital Markets set a $40.00 price target on Dicks Sporting Goods and gave the stock a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research cut Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird reiterated a “hold” rating and set a $34.00 price target on shares of Dicks Sporting Goods in a report on Thursday. Credit Suisse Group reiterated a “neutral” rating and set a $35.00 price target (up from $24.00) on shares of Dicks Sporting Goods in a report on Thursday. They noted that the move was a valuation call. Finally, Canaccord Genuity set a $33.00 price target on Dicks Sporting Goods and gave the stock a “hold” rating in a report on Thursday.
Dicks Sporting Goods (NYSE:DKS) traded up $0.10 during midday trading on Friday, hitting $34.92. The stock had a trading volume of 3,931,011 shares, compared to its average volume of 3,635,888. The stock has a market cap of $3,712.92, a PE ratio of 11.69, a PEG ratio of 1.90 and a beta of 0.56. The company has a current ratio of 1.41, a quick ratio of 0.25 and a debt-to-equity ratio of 0.03. Dicks Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $52.31.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Dicks Sporting Goods had a return on equity of 16.86% and a net margin of 3.77%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 EPS. analysts expect that Dicks Sporting Goods will post 2.94 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.90 dividend on an annualized basis and a yield of 2.58%. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.17. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 29.90%.
A number of hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in Dicks Sporting Goods in the 4th quarter valued at about $1,014,000. ICM Asset Management Inc. WA acquired a new stake in Dicks Sporting Goods in the 4th quarter valued at about $2,255,000. MetLife Investment Advisors LLC acquired a new stake in Dicks Sporting Goods in the 4th quarter valued at about $1,504,000. Tensile Capital Management LLC raised its position in Dicks Sporting Goods by 10.4% in the 4th quarter. Tensile Capital Management LLC now owns 903,178 shares of the sporting goods retailer’s stock valued at $25,957,000 after purchasing an additional 85,000 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in Dicks Sporting Goods in the 4th quarter valued at about $765,000. 71.27% of the stock is currently owned by institutional investors.
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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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