Dicks Sporting Goods PT Lowered to $55.00 at CRT Capital (DKS)
Equities research analysts at CRT Capital dropped their target price on shares of Dicks Sporting Goods (NYSE:DKS) from $60.00 to $55.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. CRT Capital’s price target would indicate a potential upside of 24.41% from the stock’s previous close.
A number of other firms have also recently commented on DKS. Analysts at RBC Capital cut their price target on shares of Dicks Sporting Goods from $49.00 to $46.00 in a research note on Monday, August 11th. They now have a “sector perform” rating on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Dicks Sporting Goods in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Monday, June 16th. Thirteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Dicks Sporting Goods has a consensus rating of “Buy” and an average target price of $51.95.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at 44.21 on Wednesday. Dicks Sporting Goods has a one year low of $41.30 and a one year high of $58.87. The stock’s 50-day moving average is $43.95 and its 200-day moving average is $49.02. The company has a market cap of $5.422 billion and a price-to-earnings ratio of 15.87. Dicks Sporting Goods also was the target of some unusual options trading activity on Monday. Stock investors purchased 6,443 put options on the stock. This represents an increase of 781% compared to the typical volume of 731 put options.
Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts predict that Dicks Sporting Goods will post $2.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 5th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.13%.
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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