Dicks Sporting Goods (DKS) Shares Gap Up to $33.33
Shares of Dicks Sporting Goods Inc (NYSE:DKS) gapped up before the market opened on Friday . The stock had previously closed at $32.89, but opened at $33.33. Dicks Sporting Goods shares last traded at $33.33, with a volume of 4145301 shares trading hands.
Several equities analysts have recently commented on the stock. Wells Fargo & Co set a $29.00 price target on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Citigroup upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the stock from $28.00 to $35.00 in a research report on Tuesday, December 19th. BMO Capital Markets restated an “outperform” rating on shares of Dicks Sporting Goods in a research report on Thursday, September 14th. Royal Bank of Canada lowered their price target on shares of Dicks Sporting Goods from $26.00 to $24.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 15th. Finally, Wolfe Research lowered shares of Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 price target for the company. in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Dicks Sporting Goods presently has a consensus rating of “Hold” and an average price target of $32.60.
The firm has a market cap of $3,580.00, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.69 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25.
Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 earnings per share. research analysts anticipate that Dicks Sporting Goods Inc will post 2.97 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, December 7th. Dicks Sporting Goods’s payout ratio is currently 25.09%.
A number of hedge funds have recently bought and sold shares of DKS. Okumus Fund Management Ltd. acquired a new stake in Dicks Sporting Goods in the third quarter worth about $46,406,000. Northern Trust Corp lifted its holdings in Dicks Sporting Goods by 54.6% in the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after acquiring an additional 1,339,379 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Dicks Sporting Goods by 316.5% in the 3rd quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock valued at $31,295,000 after acquiring an additional 880,464 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dicks Sporting Goods by 58.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock valued at $46,379,000 after acquiring an additional 636,186 shares during the last quarter. Finally, Samlyn Capital LLC lifted its holdings in Dicks Sporting Goods by 856.5% in the 2nd quarter. Samlyn Capital LLC now owns 672,321 shares of the sporting goods retailer’s stock valued at $26,779,000 after acquiring an additional 602,029 shares during the last quarter. 72.81% of the stock is owned by institutional investors and hedge funds.
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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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