Shares of Daktronics Inc. (NASDAQ:DAKT) were down 1.6% on Thursday . The company traded as low as $6.76 and last traded at $6.81, with a volume of 122,060 shares. The stock had previously closed at $6.92.

A number of analysts recently weighed in on DAKT shares. Sidoti lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. Zacks Investment Research lowered shares of Daktronics from a “hold” rating to a “strong sell” rating in a research report on Monday, June 6th. Needham & Company LLC reissued a “buy” rating and set a $8.00 price target (down from $9.00) on shares of Daktronics in a research report on Thursday, June 2nd. Finally, Griffin Securities lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.00.

The stock’s 50-day moving average is $6.53 and its 200-day moving average is $7.59. The company has a market cap of $297.19 million and a PE ratio of 143.40.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Wednesday, June 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by $0.15. The company earned $138.50 million during the quarter. During the same quarter in the prior year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. Analysts forecast that Daktronics Inc. will post $0.15 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Monday, June 27th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Thursday, June 23rd.

In other news, CEO Reece A. Kurtenbach bought 10,000 shares of the company’s stock in a transaction on Tuesday, June 28th. The stock was bought at an average cost of $6.20 per share, with a total value of $62,000.00. Following the transaction, the chief executive officer now directly owns 258,958 shares in the company, valued at approximately $1,605,539.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Patrick Mcdermott bought 3,900 shares of the company’s stock in a transaction on Thursday, June 23rd. The stock was purchased at an average cost of $6.48 per share, with a total value of $25,272.00. Following the completion of the transaction, the director now owns 11,121 shares in the company, valued at $72,064.08. The disclosure for this purchase can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Daktronics by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,647,440 shares of the company’s stock valued at $14,366,000 after buying an additional 92,769 shares in the last quarter. Morgan Stanley increased its position in Daktronics by 1.6% in the fourth quarter. Morgan Stanley now owns 142,236 shares of the company’s stock valued at $1,240,000 after buying an additional 2,204 shares in the last quarter. GSA Capital Partners LLP increased its position in Daktronics by 31.4% in the fourth quarter. GSA Capital Partners LLP now owns 154,900 shares of the company’s stock valued at $1,351,000 after buying an additional 36,996 shares in the last quarter. State of Wisconsin Investment Board increased its position in Daktronics by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 516,362 shares of the company’s stock valued at $4,503,000 after buying an additional 4,586 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Daktronics by 6.7% in the fourth quarter. First Trust Advisors LP now owns 137,241 shares of the company’s stock valued at $1,197,000 after buying an additional 8,674 shares in the last quarter.

Daktronics Inc (Daktronics) is a supplier of electronic scoreboards, large electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates in five segments: Commercial, Live Events, High School Park and Recreation, Transportation and International.

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