Dicks Sporting Goods Given “Buy” Rating at Argus (DKS)
Dicks Sporting Goods (NYSE:DKS)‘s stock had its “buy” rating restated by equities research analysts at Argus in a research note issued to investors on Thursday. They currently have a $45.04 price target on the stock, down from their previous price target of $55.00.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at 45.04 on Thursday. Dicks Sporting Goods has a 52 week low of $41.30 and a 52 week high of $58.87. The stock’s 50-day moving average is $43.90 and its 200-day moving average is $48.99. The company has a market cap of $5.524 billion and a price-to-earnings ratio of 16.43. Dicks Sporting Goods also was the recipient of unusually large options trading on Monday. Stock traders acquired 6,443 put options on the company. This is an increase of approximately 781% compared to the typical volume of 731 put options.
Dicks Sporting Goods (NYSE:DKS) last announced its 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. Dicks Sporting Goods’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Dicks Sporting Goods will post $2.78 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 1.11%. The ex-dividend date is Wednesday, September 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Wednesday. They now have a $53.00 price target on the stock, up previously from $51.00. Separately, 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. Finally, 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. Thirteen 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 company’s stock. The stock has an average rating of “Buy” and an average target price of $51.62.
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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