Wells Fargo & Co upgraded shares of Dicks Sporting Goods (NYSE:DKS) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday, January 3rd, Marketbeat reports. Wells Fargo & Co currently has $35.00 target price on the sporting goods retailer’s stock, up from their previous target price of $26.00.
A number of other equities analysts also recently commented on DKS. Cowen restated a hold rating and issued a $28.00 target price on shares of Dicks Sporting Goods in a research note on Thursday, September 28th. ValuEngine downgraded Dicks Sporting Goods from a buy rating to a hold rating in a research note on Sunday, December 31st. Susquehanna Bancshares reduced their price objective on Dicks Sporting Goods from $30.00 to $27.00 and set a neutral rating for the company in a research report on Friday, November 10th. Bank of America reduced their price objective on Dicks Sporting Goods from $35.00 to $30.00 and set a neutral rating for the company in a research report on Wednesday, November 15th. Finally, MKM Partners reduced their price objective on Dicks Sporting Goods from $30.00 to $25.00 and set an overweight rating for the company in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and ten have assigned a buy rating to the stock. Dicks Sporting Goods has an average rating of Hold and a consensus price target of $33.36.
Shares of Dicks Sporting Goods (DKS) opened at $33.92 on Wednesday. Dicks Sporting Goods has a 52-week low of $23.88 and a 52-week high of $54.03. The stock has a market capitalization of $3,640.00, a PE ratio of 12.52, a PEG ratio of 1.80 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. Dicks Sporting Goods’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. research analysts predict that Dicks Sporting Goods will post 2.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, December 7th. Dicks Sporting Goods’s dividend payout ratio is presently 25.09%.
Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Dicks Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. HPM Partners LLC bought a new stake in Dicks Sporting Goods during the second quarter valued at about $272,000. Toronto Dominion Bank boosted its holdings in Dicks Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after acquiring an additional 2,927 shares during the period. Valeo Financial Advisors LLC bought a new stake in Dicks Sporting Goods during the third quarter valued at about $132,000. Finally, Nordea Investment Management AB boosted its holdings in Dicks Sporting Goods by 0.5% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 72.83% of the company’s stock.
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About Dicks 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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