Dicks Sporting Goods Inc (NYSE:DKS) has earned an average recommendation of “Hold” from the thirty-four brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, twenty-two have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $32.91.
A number of brokerages have recently commented on DKS. Oppenheimer reissued a “hold” rating on shares of Dicks Sporting Goods in a report on Tuesday, November 14th. Susquehanna Bancshares lowered their price objective on Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Forward View raised Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday, November 16th. Citigroup decreased their target price on Dicks Sporting Goods from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 16th. Finally, Cowen restated a “hold” rating and set a $28.00 target price on shares of Dicks Sporting Goods in a research note on Thursday, September 28th.
Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dicks Sporting Goods by 30.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after acquiring an additional 653 shares during the period. Toronto Dominion Bank lifted its position in shares of Dicks Sporting Goods by 169.2% in the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after acquiring an additional 2,927 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of Dicks Sporting Goods in the 3rd quarter worth approximately $132,000. State of Alaska Department of Revenue bought a new stake in shares of Dicks Sporting Goods in the 4th quarter worth approximately $188,000. Finally, Nordea Investment Management AB lifted its position in shares of Dicks Sporting Goods by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after acquiring an additional 26 shares during the period. Institutional investors own 72.83% of the company’s stock.
Shares of Dicks Sporting Goods (NYSE DKS) traded up $0.88 during midday trading on Friday, hitting $33.92. The stock had a trading volume of 2,220,000 shares, compared to its average volume of 3,330,000. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. The firm has a market cap of $3,640.00, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56. Dicks Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $54.03.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for 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%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. analysts predict that Dicks Sporting Goods will post 2.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.00%. Dicks Sporting Goods’s dividend payout ratio is currently 25.09%.
Dicks Sporting Goods Company Profile
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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