CLARET ASSET MANAGEMENT Corp lessened its position in Dick’s Sporting Goods (NYSE:DKS) by 14.1% during the 1st quarter, HoldingsChannel reports. The firm owned 39,917 shares of the sporting goods retailer’s stock after selling 6,569 shares during the quarter. CLARET ASSET MANAGEMENT Corp’s holdings in Dick’s Sporting Goods were worth $1,399,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of DKS. Cerebellum GP LLC acquired a new stake in shares of Dick’s Sporting Goods in the 4th quarter valued at $122,000. Delpha Capital Management LLC acquired a new stake in shares of Dick’s Sporting Goods in the 4th quarter valued at $132,000. State of Alaska Department of Revenue acquired a new stake in shares of Dick’s Sporting Goods in the 4th quarter valued at $188,000. D.B. Root & Company LLC acquired a new stake in shares of Dick’s Sporting Goods in the 1st quarter valued at $200,000. Finally, Vicus Capital acquired a new stake in shares of Dick’s Sporting Goods in the 4th quarter valued at $202,000. Institutional investors own 71.30% of the company’s stock.
Several equities research analysts have recently commented on the stock. Bank of America boosted their target price on shares of Dick’s Sporting Goods from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, March 15th. Oppenheimer restated a “hold” rating on shares of Dick’s Sporting Goods in a research note on Wednesday, January 24th. Susquehanna Bancshares upgraded shares of Dick’s Sporting Goods from a “neutral” rating to a “positive” rating and boosted their target price for the company from $25.00 to $41.00 in a research note on Tuesday, January 23rd. UBS raised Dick’s Sporting Goods from a “neutral” rating to a “positive” rating in a report on Tuesday, January 23rd. Finally, Canaccord Genuity set a $33.00 price target on Dick’s Sporting Goods and gave the company a “hold” rating in a report on Thursday, March 15th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company. Dick’s Sporting Goods currently has an average rating of “Hold” and an average price target of $34.85.
Shares of NYSE:DKS opened at $32.70 on Wednesday. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.12 and a beta of 0.50. Dick’s Sporting Goods has a 1-year low of $32.11 and a 1-year high of $32.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.41 and a quick ratio of 0.21.
Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Dick’s Sporting Goods had a return on equity of 16.86% and a net margin of 3.77%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 EPS. sell-side analysts expect that Dick’s Sporting Goods will post 2.94 EPS for the current year.
Dick’s 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 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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