Press coverage about Dick’s Sporting Goods (NYSE:DKS) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dick’s Sporting Goods earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the sporting goods retailer an impact score of 45.3903368746817 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ross Stores Opens 40 Stores, Achieves FY17 Expansion Target – Nasdaq (nasdaq.com)
- Trapeze Asset Investor Letter: Sticking With Foot Locker (FL), Bails on Dicks (DKS) (finance.yahoo.com)
- Adidas built the factory of the future (finance.yahoo.com)
- Future growth to see about Dick’s Sporting Goods, Inc. (DKS) – Street Observer (press release) (streetobserver.com)
Several equities analysts have recently commented on the stock. Canaccord Genuity set a $54.00 price objective on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Saturday, July 1st. Cowen and Company reaffirmed a “hold” rating and set a $28.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, September 28th. Goldman Sachs Group, Inc. (The) downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $49.00 to $30.00 in a research note on Wednesday, August 16th. Forward View reaffirmed a “sell” rating and set a $25.00 price objective on shares of Dick’s Sporting Goods in a research note on Wednesday, August 16th. Finally, Wedbush downgraded shares of Dick’s Sporting Goods from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.08.
Dick’s Sporting Goods (DKS) opened at 27.14 on Wednesday. The company’s 50 day moving average is $27.07 and its 200 day moving average is $38.24. The stock has a market cap of $2.97 billion, a PE ratio of 9.74 and a beta of 0.51. Dick’s Sporting Goods has a 12 month low of $25.94 and a 12 month high of $62.88.
Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. On average, analysts anticipate that Dick’s Sporting Goods will post $2.90 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 24.29%.
In other Dick’s Sporting Goods news, Director William J. Colombo bought 20,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the transaction, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.09% of the company’s stock.
About Dick’s Sporting Goods
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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