ValuEngine downgraded shares of Dicks Sporting Goods (NYSE:DKS) from a sell rating to a strong sell rating in a research report released on Thursday morning, ValuEngine reports.
A number of other equities research analysts have also issued reports on DKS. Consumer Edge began coverage on Dicks Sporting Goods in a research report on Friday, December 27th. They set an equal weight rating and a $49.00 target price on the stock. Credit Suisse Group boosted their target price on Dicks Sporting Goods from $37.00 to $46.00 and gave the stock a neutral rating in a research report on Friday, November 29th. Royal Bank of Canada reaffirmed a market perform rating on shares of Dicks Sporting Goods in a research report on Monday, December 2nd. Argus boosted their target price on Dicks Sporting Goods to $45.00 and gave the stock a buy rating in a research report on Tuesday, October 15th. Finally, Bank of America raised Dicks Sporting Goods from a neutral rating to a buy rating and set a $55.00 target price on the stock in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $46.89.
Shares of Dicks Sporting Goods stock traded down $0.50 during trading on Thursday, hitting $48.24. The stock had a trading volume of 808,778 shares, compared to its average volume of 1,321,662. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.38 and a quick ratio of 0.15. The firm has a market cap of $4.28 billion, a P/E ratio of 14.05, a PEG ratio of 2.37 and a beta of 0.64. The business has a fifty day moving average of $47.65 and a two-hundred day moving average of $40.04. Dicks Sporting Goods has a fifty-two week low of $31.27 and a fifty-two week high of $49.80.
Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.14. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. Dicks Sporting Goods had a return on equity of 17.68% and a net margin of 3.82%. Dicks Sporting Goods’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. As a group, research analysts forecast that Dicks Sporting Goods will post 3.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, December 12th. Dicks Sporting Goods’s payout ratio is 33.95%.
Large investors have recently bought and sold shares of the stock. Man Group plc raised its position in Dicks Sporting Goods by 82.1% during the second quarter. Man Group plc now owns 76,455 shares of the sporting goods retailer’s stock valued at $2,647,000 after buying an additional 34,468 shares during the period. California Public Employees Retirement System raised its position in Dicks Sporting Goods by 2.7% during the third quarter. California Public Employees Retirement System now owns 256,616 shares of the sporting goods retailer’s stock valued at $10,472,000 after buying an additional 6,656 shares during the period. Voloridge Investment Management LLC acquired a new position in Dicks Sporting Goods during the third quarter valued at $2,712,000. Russell Investments Group Ltd. raised its position in Dicks Sporting Goods by 158.8% during the third quarter. Russell Investments Group Ltd. now owns 461,164 shares of the sporting goods retailer’s stock valued at $18,762,000 after buying an additional 282,944 shares during the period. Finally, Ilmarinen Mutual Pension Insurance Co acquired a new position in Dicks Sporting Goods during the third quarter valued at $1,346,000. 80.56% of the stock is currently 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.
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