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.
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.
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