Dicks Sporting Goods’s Buy Rating Reaffirmed at Citigroup Inc. (DKS)
Dicks Sporting Goods (NYSE:DKS)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a report issued on Wednesday. They currently have a $53.00 target price on the stock, up from their previous target price of $51.00. Citigroup Inc.’s price target indicates a potential upside of 19.88% from the company’s current price.
Shares of Dicks Sporting Goods (NYSE:DKS) traded up 1.20% on Wednesday, hitting $44.74. The stock had a trading volume of 1,858,232 shares. Dicks Sporting Goods has a one year low of $41.30 and a one year high of $58.87. The stock has a 50-day moving average of $43.95 and a 200-day moving average of $49.02. The company has a market cap of $5.487 billion and a P/E ratio of 16.12. Dicks Sporting Goods also was the recipient of some unusual options trading activity on Monday. Stock traders bought 6,443 put options on the stock. This represents an increase of 781% compared to the typical daily 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.71 earnings per share. Dicks Sporting Goods’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Dicks Sporting Goods will post $2.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders 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%.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of Dicks Sporting Goods from $49.00 to $50.00 in a research note on Wednesday. They now have a “not rated” rating on the stock. Separately, analysts at CRT Capital cut their price target on shares of Dicks Sporting Goods from $60.00 to $55.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, 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. Thirteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $52.10.
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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