Telsey Advisory Group Increases Dicks Sporting Goods Price Target to $50.00 (DKS)
Research analysts at Telsey Advisory Group hoisted their price objective on shares of Dicks Sporting Goods (NYSE:DKS) from $49.00 to $50.00 in a report released on Wednesday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective points to a potential upside of 13.10% from the stock’s previous close.
A number of other firms have also recently commented on DKS. 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. Separately, 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. Finally, 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. Thirteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Dicks Sporting Goods currently has an average rating of “Buy” and an average price target of $52.00.
Dicks Sporting Goods (NYSE:DKS) opened at 44.21 on Wednesday. Dicks Sporting Goods has a 52 week low of $41.30 and a 52 week 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 $5.422 billion and a price-to-earnings ratio of 16.12. Dicks Sporting Goods also was the recipient 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 daily volume of 731 put options.
Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 19th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. 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. Stockholders 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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