Dicks Sporting Goods (DKS) PT Set at $34.00 by Cowen
Several other research firms also recently commented on DKS. Deutsche Bank upgraded Dicks Sporting Goods from a hold rating to a buy rating and boosted their price objective for the company from $33.00 to $39.00 in a report on Friday. Canaccord Genuity set a $34.00 target price on Dicks Sporting Goods and gave the company a hold rating in a research report on Sunday, January 7th. BMO Capital Markets set a $40.00 target price on Dicks Sporting Goods and gave the company a buy rating in a research report on Thursday. Morgan Stanley reaffirmed an equal weight rating and set a $28.00 target price on shares of Dicks Sporting Goods in a research report on Thursday, December 14th. Finally, Citigroup raised Dicks Sporting Goods from a neutral rating to a buy rating and lifted their target price for the company from $28.00 to $35.00 in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $33.36.
Shares of Dicks Sporting Goods (DKS) opened at $33.33 on Friday. The company has a market capitalization of $3,579.74, a P/E ratio of 12.30, a PEG ratio of 1.82 and a beta of 0.56. Dicks Sporting Goods has a 1-year low of $23.88 and a 1-year high of $54.74. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. sell-side analysts expect that Dicks Sporting Goods will post 2.98 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.04%. Dicks Sporting Goods’s dividend payout ratio is presently 25.09%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Dicks Sporting Goods by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after buying an additional 135,991 shares during the last quarter. Northern Trust Corp lifted its position in shares of Dicks Sporting Goods by 54.6% during 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 buying an additional 1,339,379 shares during the last quarter. Okumus Fund Management Ltd. purchased a new position in shares of Dicks Sporting Goods during the 3rd quarter valued at $46,406,000. Dimensional Fund Advisors LP lifted its position in shares of Dicks Sporting Goods by 58.9% during 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 buying an additional 636,186 shares during the last quarter. Finally, Manning & Napier Advisors LLC lifted its position in shares of Dicks Sporting Goods by 16.2% during the 3rd quarter. Manning & Napier Advisors LLC now owns 1,213,325 shares of the sporting goods retailer’s stock valued at $32,771,000 after buying an additional 169,370 shares during the last quarter. 72.83% of the stock is currently owned by hedge funds and other institutional investors.
About Dicks Sporting Goods
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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