Shares of Dicks Sporting Goods Inc (NYSE:DKS) have received a consensus rating of “Hold” from the thirty-one brokerages that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.60.
DKS has been the topic of several analyst reports. Barclays lowered shares of Dicks Sporting Goods from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $33.00 to $25.00 in a report on Monday, February 5th. ValuEngine lowered shares of Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Telsey Advisory Group raised shares of Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $25.00 to $42.00 in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, January 31st. Finally, Bank of America increased their price objective on shares of Dicks Sporting Goods from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, March 15th.
DKS opened at $30.90 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.21 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.07 and a beta of 0.50. Dicks Sporting Goods has a twelve month low of $23.88 and a twelve month high of $42.76.
Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.73 billion. Dicks Sporting Goods had a net margin of 3.77% and a return on equity of 16.86%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.32 earnings per share. research analysts predict that Dicks Sporting Goods will post 2.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, June 7th. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 29.90%.
A number of institutional investors have recently added to or reduced their stakes in DKS. Arrowstreet Capital Limited Partnership grew its position in Dicks Sporting Goods by 812.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,469,346 shares of the sporting goods retailer’s stock valued at $70,969,000 after purchasing an additional 2,198,746 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Dicks Sporting Goods by 268.7% in the first quarter. JPMorgan Chase & Co. now owns 2,603,116 shares of the sporting goods retailer’s stock valued at $91,238,000 after acquiring an additional 1,897,076 shares during the last quarter. Brandywine Global Investment Management LLC lifted its stake in Dicks Sporting Goods by 2,988,835.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,584,136 shares of the sporting goods retailer’s stock valued at $45,529,000 after acquiring an additional 1,584,083 shares during the last quarter. Contrarius Investment Management Ltd acquired a new stake in Dicks Sporting Goods in the first quarter valued at $43,255,000. Finally, Millennium Management LLC lifted its stake in Dicks Sporting Goods by 327.6% in the fourth quarter. Millennium Management LLC now owns 1,323,372 shares of the sporting goods retailer’s stock valued at $38,034,000 after acquiring an additional 1,013,871 shares during the last quarter. 70.97% of the stock is owned by institutional investors and hedge funds.
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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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