Daktronics Inc. (NASDAQ:DAKT)’s share price was down 1.6% during trading on Thursday . The stock traded as low as $6.76 and last traded at $6.81, with a volume of 122,060 shares trading hands. The stock had previously closed at $6.92.

Several equities analysts have commented on DAKT shares. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target (down from $9.00) on shares of Daktronics in a research note on Thursday, June 2nd. Zacks Investment Research upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Griffin Securities lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. Finally, Sidoti lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $8.00.

The stock has a market capitalization of $294.54 million and a price-to-earnings ratio of 142.13. The firm’s 50 day moving average is $6.50 and its 200-day moving average is $7.56.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Wednesday, June 1st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.15. The firm earned $138.50 million during the quarter. During the same period last year, the company posted $0.09 EPS. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. On average, analysts predict that Daktronics Inc. will post $0.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Stockholders of record on Monday, June 27th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Thursday, June 23rd.

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

A number of institutional investors recently added to or reduced their stakes in DAKT. Dimensional Fund Advisors LP raised 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 during the period. Morgan Stanley raised 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 during the period. GSA Capital Partners LLP raised 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 during the period. State of Wisconsin Investment Board raised 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 during the period. Finally, First Trust Advisors LP raised 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 during the period.

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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