DTS Inc. (DTSI) Stock Rating Lowered by William Blair
DTS Inc. (NASDAQ:DTSI) was downgraded by research analysts at William Blair from an “outperform” rating to a “market perform” rating in a report released on Tuesday.
Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 price target for the company in a research report on Friday, August 12th. Barrington Research upped their price target on shares of DTS from $29.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, August 11th. B. Riley reaffirmed a “buy” rating and set a $37.00 price target on shares of DTS in a research report on Thursday, August 11th. JPMorgan Chase & Co. set a $29.00 price target on shares of DTS and gave the company a “hold” rating in a research report on Tuesday, August 9th. Finally, Dougherty & Co upped their price target on shares of DTS from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. DTS currently has an average rating of “Buy” and a consensus price target of $37.33.
Shares of DTS (NASDAQ:DTSI) traded up 23.19% during trading on Tuesday, reaching $42.29. 1,361,155 shares of the company’s stock traded hands. The company’s market cap is $742.95 million. DTS has a 52-week low of $19.62 and a 52-week high of $42.39. The company’s 50-day moving average is $32.54 and its 200 day moving average is $26.30.
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DTS (NASDAQ:DTSI) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.18. The company had revenue of $48.70 million for the quarter, compared to analysts’ expectations of $44.61 million. DTS had a negative net margin of 6.37% and a positive return on equity of 8.90%. DTS’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. Equities analysts forecast that DTS will post $2.23 EPS for the current year.
The firm also recently declared a special dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 18th. DTS’s payout ratio is -13.11%.
A number of hedge funds and other institutional investors have recently bought and sold shares of DTSI. Schwab Charles Investment Management Inc. increased its position in DTS by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,248 shares of the company’s stock valued at $1,515,000 after buying an additional 1,020 shares during the last quarter. B. Riley Financial Inc. acquired a new position in DTS during the second quarter valued at $212,000. Arizona State Retirement System acquired a new position in DTS during the second quarter valued at $241,000. Westwood Holdings Group Inc. increased its position in DTS by 11.4% in the second quarter. Westwood Holdings Group Inc. now owns 423,697 shares of the company’s stock valued at $11,207,000 after buying an additional 43,263 shares during the last quarter. Finally, Redmond Asset Management LLC acquired a new position in DTS during the second quarter valued at $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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