Dicks Sporting Goods (NYSE:DKS) had its price target decreased by JPMorgan Chase & Co. to $46.00 in a research note issued to investors on Sunday.
A number of other research firms have also weighed in on DKS. Cowen raised their price objective on Dicks Sporting Goods from $37.00 to $42.00 and gave the company a hold rating in a research report on Thursday, August 23rd. Wedbush raised their price objective on Dicks Sporting Goods from $37.00 to $38.00 and gave the company a neutral rating in a research report on Tuesday, August 21st. Zacks Investment Research lowered Dicks Sporting Goods from a buy rating to a hold rating in a research report on Friday, August 31st. ValuEngine raised Dicks Sporting Goods from a sell rating to a hold rating in a research report on Wednesday, November 28th. Finally, Robert W. Baird raised their price objective on Dicks Sporting Goods from $39.00 to $40.00 and gave the company a neutral rating in a research report on Wednesday, November 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Dicks Sporting Goods presently has a consensus rating of Hold and a consensus target price of $39.50.
DKS opened at $36.34 on Friday. The company has a market capitalization of $3.64 billion, a PE ratio of 12.07, a PEG ratio of 1.86 and a beta of 0.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.61 and a quick ratio of 0.19. Dicks Sporting Goods has a 52 week low of $28.73 and a 52 week high of $39.75.
Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, November 28th. The sporting goods retailer reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.13. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Dicks Sporting Goods had a return on equity of 18.10% and a net margin of 3.87%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. As a group, research analysts expect that Dicks Sporting Goods will post 3.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, December 13th. Dicks Sporting Goods’s payout ratio is 29.90%.
Several institutional investors have recently bought and sold shares of DKS. Principal Financial Group Inc. increased its holdings in shares of Dicks Sporting Goods by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 365,486 shares of the sporting goods retailer’s stock worth $12,810,000 after purchasing an additional 11,315 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Dicks Sporting Goods in the 2nd quarter worth $1,211,000. Aperio Group LLC increased its holdings in shares of Dicks Sporting Goods by 55.7% in the 2nd quarter. Aperio Group LLC now owns 118,752 shares of the sporting goods retailer’s stock worth $4,186,000 after purchasing an additional 42,505 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Dicks Sporting Goods in the 2nd quarter worth $1,327,000. Finally, ICM Asset Management Inc. WA bought a new stake in shares of Dicks Sporting Goods in the 2nd quarter worth $1,350,000. 78.56% of the stock is owned by institutional investors and hedge funds.
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 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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