Wells Fargo & Co lowered shares of Dicks Sporting Goods (NYSE:DKS) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning, 24/7 WallStreet reports. They currently have $39.00 target price on the sporting goods retailer’s stock.
A number of other research firms have also weighed in on DKS. UBS Group boosted their target price on shares of Dicks Sporting Goods from $36.00 to $37.00 and gave the stock a neutral rating in a report on Friday, August 23rd. Zacks Investment Research lowered shares of Dicks Sporting Goods from a buy rating to a hold rating and set a $36.00 target price on the stock. in a report on Tuesday, August 27th. ValuEngine raised shares of Dicks Sporting Goods from a strong sell rating to a sell rating in a report on Thursday, September 5th. TheStreet lowered shares of Dicks Sporting Goods from a b rating to a c+ rating in a report on Thursday, June 20th. Finally, Morgan Stanley set a $36.00 target price on shares of Dicks Sporting Goods and gave the stock a hold rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $40.14.
DKS opened at $37.55 on Monday. Dicks Sporting Goods has a fifty-two week low of $29.69 and a fifty-two week high of $41.21. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.28 and a quick ratio of 0.17. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.05 and a beta of 0.58. The company’s 50 day moving average price is $34.52 and its two-hundred day moving average price is $36.10.
Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Thursday, August 22nd. The sporting goods retailer reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.05. Dicks Sporting Goods had a net margin of 3.64% and a return on equity of 16.96%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the previous year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research analysts predict that Dicks Sporting Goods will post 3.39 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.93%. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 33.95%.
Several hedge funds and other institutional investors have recently modified their holdings of DKS. HS Management Partners LLC acquired a new position in shares of Dicks Sporting Goods during the 2nd quarter valued at $70,242,000. D. E. Shaw & Co. Inc. lifted its position in shares of Dicks Sporting Goods by 77.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,198,994 shares of the sporting goods retailer’s stock valued at $76,151,000 after acquiring an additional 962,473 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Dicks Sporting Goods by 394.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 740,262 shares of the sporting goods retailer’s stock valued at $25,636,000 after acquiring an additional 590,644 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Dicks Sporting Goods during the 1st quarter valued at $18,376,000. Finally, FMR LLC lifted its position in shares of Dicks Sporting Goods by 32.4% during the 1st quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock valued at $52,679,000 after acquiring an additional 350,515 shares during the period. Hedge funds and other institutional investors own 80.01% of the company’s stock.
About Dicks Sporting Goods
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.
Further Reading: Quiet Period
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