Dougherty & Co Lowers DTS Inc. (DTSI) to Neutral
DTS Inc. (NASDAQ:DTSI) was downgraded by research analysts at Dougherty & Co from a “buy” rating to a “neutral” rating in a research report issued on Tuesday.
Several other research analysts have also recently commented on the stock. William Blair cut shares of DTS from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research report on Friday, August 12th. JPMorgan Chase & Co. set a $29.00 target price on shares of DTS and gave the stock a “hold” rating in a research report on Tuesday, August 9th. B. Riley set a $34.00 target price on shares of DTS and gave the stock a “buy” rating in a research report on Monday, August 1st. Finally, Barrington Research increased their price objective on shares of DTS from $29.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $37.33.
Shares of DTS (NASDAQ:DTSI) traded up 23.04% on Tuesday, reaching $42.24. The company’s stock had a trading volume of 2,928,181 shares. The stock has a 50-day moving average of $32.54 and a 200 day moving average of $26.30. DTS has a 1-year low of $19.62 and a 1-year high of $42.39. The stock’s market capitalization is $742.07 million.
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DTS (NASDAQ:DTSI) last posted its earnings results on Monday, August 8th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.49 by $0.18. DTS had a negative net margin of 6.37% and a positive return on equity of 8.90%. The firm earned $48.70 million during the quarter, compared to analysts’ expectations of $44.61 million. During the same quarter in the prior year, the firm earned $0.34 EPS. DTS’s quarterly revenue was up 41.6% on a year-over-year basis. On average, equities analysts forecast that DTS will post $2.23 EPS for the current year.
The business also recently disclosed a special dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 22nd were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 18th. DTS’s dividend payout ratio (DPR) is presently -13.11%.
Several hedge funds and other institutional investors have recently bought and sold shares of DTSI. Schwab Charles Investment Management Inc. boosted its stake in shares of DTS by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,248 shares of the company’s stock worth $1,515,000 after buying an additional 1,020 shares during the last quarter. B. Riley Financial Inc. acquired a new stake in shares of DTS during the second quarter worth $212,000. Arizona State Retirement System acquired a new stake in shares of DTS during the second quarter worth $241,000. Westwood Holdings Group Inc. boosted its stake in shares of DTS by 11.4% in the second quarter. Westwood Holdings Group Inc. now owns 423,697 shares of the company’s stock worth $11,207,000 after buying an additional 43,263 shares during the last quarter. Finally, Redmond Asset Management LLC acquired a new stake in shares of DTS during the second quarter worth $409,000. Institutional investors and hedge funds own 99.54% of the company’s stock.
DTS Company Profile
DTS, Inc is an audio technology solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording, delivery and playback of high-definition audio, and are included by licensee customers around the world into a range of consumer electronics devices, including televisions, personal computers (PCs), smartphones, tablets, digital media players (DMPs), set-top-boxes, soundbars, wireless speakers, video game consoles, Blu-ray Disc players, automotive audio systems, audio/video receivers (AVRs), digital versatile disc (DVD)-based products and home theater systems.
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