Dick’s Sporting Goods Inc (DKS) Shares Gap Down to $26.85

Shares of Dick’s Sporting Goods Inc (NYSE:DKS) gapped down before the market opened on Tuesday . The stock had previously closed at $28.80, but opened at $26.85. Dick’s Sporting Goods shares last traded at $26.32, with a volume of 5387500 shares changing hands.

A number of brokerages have issued reports on DKS. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dick’s Sporting Goods in a research note on Tuesday. Cowen and Company lowered Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $31.00 to $28.00 in a research note on Thursday, August 24th. Susquehanna Bancshares Inc decreased their price target on Dick’s Sporting Goods from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday. Credit Suisse Group AG set a $44.00 price target on Dick’s Sporting Goods and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Dick’s Sporting Goods in a research note on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Dick’s Sporting Goods currently has a consensus rating of “Hold” and an average price target of $36.12.

The company has a market cap of $2,800.00, a PE ratio of 8.14, a P/E/G ratio of 1.18 and a beta of 0.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.24.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. analysts predict that Dick’s Sporting Goods Inc will post 2.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. Dick’s Sporting Goods’s payout ratio is 24.29%.

In other news, Director William J. Colombo bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the transaction, 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 SEC, which is accessible through this link. 23.09% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in DKS. Creative Planning boosted its position in Dick’s Sporting Goods by 72.2% during the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after purchasing an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Dick’s Sporting Goods by 30.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares during the period. Toronto Dominion Bank boosted its position in Dick’s Sporting Goods by 169.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after purchasing an additional 2,927 shares during the period. Nordea Investment Management AB boosted its position in Dick’s Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after purchasing an additional 26 shares during the period. Finally, QS Investors LLC boosted its position in Dick’s Sporting Goods by 57,533.3% during the 2nd quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after purchasing an additional 5,178 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

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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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