Deutsche Bank upgraded shares of Dicks Sporting Goods (NYSE:DKS) from a hold rating to a buy rating in a research note released on Friday. They currently have $39.00 price objective on the sporting goods retailer’s stock, up from their previous price objective of $33.00.
A number of other analysts have also commented on DKS. BMO Capital Markets restated an outperform rating on shares of Dicks Sporting Goods in a research note on Thursday, September 14th. Cowen restated a hold rating and set a $28.00 price target on shares of Dicks Sporting Goods in a research note on Thursday, September 28th. Wells Fargo & Co set a $29.00 target price on shares of Dicks Sporting Goods and gave the stock a hold rating in a research note on Wednesday, October 11th. Wolfe Research lowered shares of Dicks Sporting Goods from a peer perform rating to an underperform rating and set a $20.00 target price for the company. in a research note on Wednesday, November 1st. Finally, OTR Global lowered shares of Dicks Sporting Goods to a neutral rating in a research note on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $33.36.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at $33.33 on Friday. The company has a market cap of $3,579.74, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. Dicks Sporting Goods has a one year low of $23.88 and a one year high of $54.74.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. Dicks Sporting Goods’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. equities research analysts forecast that Dicks Sporting Goods will post 2.98 earnings per share for the current fiscal year.
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 25.09%.
Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Dicks Sporting Goods by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after buying an additional 135,991 shares during the last quarter. Sciencast Management LP purchased a new position in shares of Dicks Sporting Goods in the 2nd quarter worth about $299,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Dicks Sporting Goods by 56.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 60,311 shares of the sporting goods retailer’s stock worth $2,402,000 after buying an additional 21,718 shares during the last quarter. PointState Capital LP boosted its holdings in shares of Dicks Sporting Goods by 10.4% in the 2nd quarter. PointState Capital LP now owns 707,200 shares of the sporting goods retailer’s stock worth $28,168,000 after buying an additional 66,500 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Dicks Sporting Goods by 3.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 209,300 shares of the sporting goods retailer’s stock worth $8,336,000 after buying an additional 7,900 shares during the last quarter. 72.83% of the stock is currently owned by institutional investors.
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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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