Dick’s Sporting Goods Inc (DKS) Price Target Cut to $30.00
Dick’s Sporting Goods Inc (NYSE:DKS) had its price objective decreased by Bank of America Corporation from $35.00 to $30.00 in a research report sent to investors on Wednesday. Bank of America Corporation currently has a neutral rating on the sporting goods retailer’s stock.
Several other brokerages also recently issued reports on DKS. Credit Suisse Group set a $44.00 target price on shares of Dick’s Sporting Goods and gave the company a hold rating in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a sell rating to a hold rating in a research note on Tuesday, July 18th. Telsey Advisory Group downgraded shares of Dick’s Sporting Goods from an outperform rating to a market perform rating and cut their price objective for the stock from $52.00 to $40.00 in a research report on Monday, July 24th. Canaccord Genuity restated a buy rating and set a $52.00 price objective on shares of Dick’s Sporting Goods in a research report on Friday, July 21st. Finally, OTR Global downgraded shares of Dick’s Sporting Goods to a positive rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $33.12.
Shares of Dick’s Sporting Goods (NYSE:DKS) opened at $28.80 on Wednesday. Dick’s Sporting Goods has a one year low of $23.88 and a one year high of $62.80. The stock has a market cap of $3,149.71, a PE ratio of 9.23, a P/E/G ratio of 1.49 and a beta of 0.48. The company has a quick ratio of 0.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.28.
Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the business posted $0.48 EPS. Dick’s Sporting Goods’s revenue was up 7.4% on a year-over-year basis. equities analysts predict that Dick’s Sporting Goods will post 2.97 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.36%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is presently 25.09%.
In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the acquisition, the director now owns 323,224 shares in the company, valued at $8,484,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.09% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of DKS. Creative Planning lifted its holdings in shares of Dick’s Sporting Goods by 72.2% during the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after purchasing an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dick’s Sporting Goods by 30.1% during 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 during the period. Toronto Dominion Bank lifted its holdings in shares of Dick’s Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after purchasing an additional 2,927 shares during the period. Valeo Financial Advisors LLC acquired a new position in shares of Dick’s Sporting Goods during the third quarter worth $132,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Dick’s 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 worth $203,000 after purchasing an additional 26 shares during the period. Institutional investors own 75.92% of the company’s stock.
Dick’s 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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