Buckingham Research upgraded shares of Dicks Sporting Goods (NYSE:DKS) from a neutral rating to a buy rating in a research report report published on Wednesday morning, MarketBeat.com reports.
A number of other equities analysts also recently issued reports on the company. Cowen set a $34.00 target price on Dicks Sporting Goods and gave the stock a hold rating in a research note on Friday, January 12th. Deutsche Bank raised Dicks Sporting Goods from a hold rating to a buy rating and increased their target price for the stock from $33.00 to $39.00 in a research note on Friday, January 12th. BMO Capital Markets set a $40.00 target price on Dicks Sporting Goods and gave the stock a buy rating in a research note on Thursday, January 11th. Canaccord Genuity set a $34.00 target price on Dicks Sporting Goods and gave the stock a hold rating in a research note on Sunday, January 7th. Finally, Robert W. Baird reissued a hold rating and set a $32.00 target price on shares of Dicks Sporting Goods in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $33.36.
Shares of Dicks Sporting Goods (DKS) traded up $0.88 during mid-day trading on Wednesday, hitting $33.92. The stock had a trading volume of 2,214,875 shares, compared to its average volume of 2,874,609. The stock has a market cap of $3,643.11, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56. Dicks Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $54.03. 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 issued its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.95% and a net margin of 3.54%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. analysts expect that Dicks Sporting Goods will post 2.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s payout ratio is currently 25.09%.
A number of large investors have recently made changes to their positions in the business. Phoenix Investment Adviser LLC acquired a new stake in Dicks Sporting Goods during the 4th quarter valued at $598,000. Personal Capital Advisors Corp grew its holdings in Dicks Sporting Goods by 46.3% during the 4th quarter. Personal Capital Advisors Corp now owns 150,722 shares of the sporting goods retailer’s stock valued at $4,332,000 after buying an additional 47,665 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Dicks Sporting Goods during the 4th quarter valued at $188,000. Fox Run Management L.L.C. grew its holdings in Dicks Sporting Goods by 203.5% during the 4th quarter. Fox Run Management L.L.C. now owns 58,274 shares of the sporting goods retailer’s stock valued at $1,675,000 after buying an additional 39,074 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Dicks Sporting Goods by 11.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 488,057 shares of the sporting goods retailer’s stock valued at $14,027,000 after buying an additional 50,035 shares during the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.
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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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