Dicks Sporting Goods (DKS) Earns Neutral Rating from Credit Suisse Group

Credit Suisse Group reissued their neutral rating on shares of Dicks Sporting Goods (NYSE:DKS) in a research report released on Thursday, March 15th, Marketbeat.com reports. They currently have a $35.00 price target on the sporting goods retailer’s stock, up from their prior price target of $24.00. The analysts noted that the move was a valuation call.

Several other brokerages have also issued reports on DKS. Morgan Stanley reissued an equal weight rating and issued a $28.00 price target on shares of Dicks Sporting Goods in a report on Thursday, December 14th. Cowen set a $34.00 target price on shares of Dicks Sporting Goods and gave the stock a hold rating in a research note 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 note on Thursday, January 11th. Canaccord Genuity set a $34.00 price target on shares of Dicks Sporting Goods and gave the stock a hold rating in a research report on Sunday, January 7th. Finally, Zacks Investment Research cut shares of Dicks Sporting Goods from a buy rating to a hold rating in a research report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $34.85.

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NYSE:DKS opened at $33.76 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.41 and a quick ratio of 0.21. Dicks Sporting Goods has a 1 year low of $23.88 and a 1 year high of $52.31. The company has a market capitalization of $3,820.32, a PE ratio of 11.22, a PEG ratio of 1.25 and a beta of 0.50.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.02. Dicks Sporting Goods had a net margin of 3.77% and a return on equity of 16.86%. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the company posted $1.32 EPS. Dicks Sporting Goods’s revenue was up 6.5% on a year-over-year basis. sell-side analysts anticipate that Dicks Sporting Goods will post 2.94 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 9th were paid a $0.225 dividend. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.90 annualized dividend and a yield of 2.67%. Dicks Sporting Goods’s dividend payout ratio is presently 29.90%.

A number of large investors have recently modified their holdings of the stock. Cerebellum GP LLC bought a new position in shares of Dicks Sporting Goods during the fourth quarter valued at $122,000. Delpha Capital Management LLC bought a new position in shares of Dicks Sporting Goods during the fourth quarter valued at $132,000. Toronto Dominion Bank raised its stake in shares of Dicks Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after acquiring an additional 2,927 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Dicks Sporting Goods during the third quarter valued at $132,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Dicks Sporting Goods during the fourth quarter valued at $188,000. 71.29% of the stock is owned by institutional investors and hedge funds.

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Dicks Sporting Goods Company Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. The company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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