ValuEngine downgraded shares of Dicks Sporting Goods (NYSE:DKS) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.
A number of other research analysts also recently issued reports on the company. Telsey Advisory Group reiterated an outperform rating and issued a $41.00 price target (down from $44.00) on shares of Dicks Sporting Goods in a report on Wednesday, March 13th. Citigroup assumed coverage on Dicks Sporting Goods in a report on Wednesday, April 10th. They issued a neutral rating and a $40.00 price target on the stock. Bank of America set a $40.00 price objective on Dicks Sporting Goods and gave the stock a hold rating in a research report on Thursday, May 30th. Finally, Zacks Investment Research raised Dicks Sporting Goods from a sell rating to a hold rating and set a $39.00 price objective for the company in a research report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $40.33.
Shares of NYSE:DKS opened at $33.37 on Thursday. Dicks Sporting Goods has a 12-month low of $29.69 and a 12-month high of $41.21. The firm has a market capitalization of $3.16 billion, a PE ratio of 10.30, a P/E/G ratio of 1.83 and a beta of 0.62. The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.67.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 29th. The sporting goods retailer reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. Dicks Sporting Goods had a return on equity of 16.95% and a net margin of 3.76%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the business posted $0.59 EPS. The business’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that Dicks Sporting Goods will post 3.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.30%. Dicks Sporting Goods’s payout ratio is 33.95%.
Several institutional investors have recently bought and sold shares of DKS. Brown Advisory Inc. acquired a new stake in Dicks Sporting Goods during the 4th quarter worth about $14,913,000. Ffcm LLC lifted its position in Dicks Sporting Goods by 401.3% during the 4th quarter. Ffcm LLC now owns 20,829 shares of the sporting goods retailer’s stock worth $650,000 after acquiring an additional 16,674 shares during the period. Blueshift Asset Management LLC acquired a new stake in Dicks Sporting Goods during the 4th quarter worth about $4,015,000. Nissay Asset Management Corp Japan ADV lifted its position in Dicks Sporting Goods by 7.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 31,743 shares of the sporting goods retailer’s stock worth $990,000 after acquiring an additional 2,258 shares during the period. Finally, Chicago Equity Partners LLC lifted its position in Dicks Sporting Goods by 53.0% during the 4th quarter. Chicago Equity Partners LLC now owns 24,440 shares of the sporting goods retailer’s stock worth $763,000 after acquiring an additional 8,465 shares during the period. 80.07% of the stock is owned by hedge funds and other institutional investors.
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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
See Also: Net Margin
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