Dick’s Sporting Goods’s “Buy” Rating Reaffirmed at UBS AG (DKS)
Dick’s Sporting Goods (NYSE:DKS)‘s stock had its “buy” rating reiterated by analysts at UBS AG in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. They currently have a $55.00 target price on the stock, down from their previous target price of $60.00. UBS AG’s target price suggests a potential upside of 17.32% from the stock’s previous close.
Dick’s Sporting Goods (NYSE:DKS) traded up 1.19% on Wednesday, hitting $46.88. The stock had a trading volume of 2,149,912 shares. Dick’s Sporting Goods has a 52 week low of $44.24 and a 52 week high of $54.25. The stock has a 50-day moving average of $50.69 and a 200-day moving average of $49.78. The company has a market cap of $5.762 billion and a P/E ratio of 17.76.
Dick’s Sporting Goods (NYSE:DKS) last released its earnings data on Tuesday, August 20th. The company reported $0.71 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.76 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Dick’s Sporting Goods will post $2.66 EPS for the current fiscal year.
DKS has been the subject of a number of other recent research reports. Analysts at Sterne Agee reiterated a “buy” rating on shares of Dick’s Sporting Goods in a research note to investors on Wednesday, August 21st. They now have a $58.00 price target on the stock. Separately, analysts at Janney Montgomery Scott cut their price target on shares of Dick’s Sporting Goods from $57.00 to $55.00 in a research note to investors on Wednesday, August 21st. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company cut their price target on shares of Dick’s Sporting Goods from $59.00 to $56.00 in a research note to investors on Wednesday, August 21st. They now have a “buy” rating on the stock.
Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Dick’s Sporting Goods currently has a consensus rating of “Buy” and a consensus target price of $56.43.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, September 4th.
In other Dick’s Sporting Goods news, CFO Andre Hawaux bought 6,400 shares of the company’s stock in a transaction that occured on Wednesday, August 21st. The shares were purchased at an average cost of $47.25 per share, with a total value of $302,400.00. Following the acquisition, the chief financial officer now directly owns 47,442 shares in the company. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
DICK’S Sporting Goods, Inc is a sports and fitness specialty omni-channel retailer offering a range of brand name sporting goods equipment, apparel and footwear in a specialty store environment.
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