Dicks Sporting Goods Inc (DKS) Receives $33.83 Average Price Target from Brokerages
Dicks Sporting Goods Inc (NYSE:DKS) has received an average recommendation of “Hold” from the thirty-three analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $33.73.
Several equities research analysts have recently weighed in on DKS shares. Zacks Investment Research cut shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Wednesday. Canaccord Genuity set a $33.00 price objective on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Friday, March 9th. Wedbush reiterated a “neutral” rating and set a $32.00 price objective (up from $28.00) on shares of Dicks Sporting Goods in a research report on Wednesday, March 7th. Credit Suisse Group set a $24.00 price objective on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Tuesday. Finally, BMO Capital Markets set a $40.00 price objective on shares of Dicks Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, January 11th.
Dicks Sporting Goods (DKS) traded up $0.79 during mid-day trading on Friday, hitting $33.67. 6,016,983 shares of the stock traded hands, compared to its average volume of 3,499,933. The company has a market capitalization of $3,497.04, a P/E ratio of 12.42, a P/E/G ratio of 1.90 and a beta of 0.56. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $52.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.225 per share. This is a boost from Dicks Sporting Goods’s previous quarterly dividend of $0.17. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday, March 8th. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 33.21%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Dicks Sporting Goods by 812.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,469,346 shares of the sporting goods retailer’s stock valued at $70,969,000 after purchasing an additional 2,198,746 shares in the last quarter. Okumus Fund Management Ltd. bought a new position in shares of Dicks Sporting Goods during the third quarter valued at about $46,406,000. Brandywine Global Investment Management LLC raised its position in Dicks Sporting Goods by 2,988,835.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,584,136 shares of the sporting goods retailer’s stock worth $45,529,000 after acquiring an additional 1,584,083 shares during the period. Millennium Management LLC raised its position in Dicks Sporting Goods by 327.6% in the fourth quarter. Millennium Management LLC now owns 1,323,372 shares of the sporting goods retailer’s stock worth $38,034,000 after acquiring an additional 1,013,871 shares during the period. Finally, USS Investment Management Ltd bought a new stake in Dicks Sporting Goods in the fourth quarter worth about $25,871,000. Hedge funds and other institutional investors own 71.27% of the company’s stock.
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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