Dick’s Sporting Goods’ (DKS) Buy Rating Reiterated at Brean Capital
Dick’s Sporting Goods Inc. (NYSE:DKS)‘s stock had its “buy” rating reissued by analysts at Brean Capital in a research note issued to investors on Thursday.
Other equities research analysts have also recently issued reports about the company. Goldman Sachs Group Inc. cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and raised their target price for the company from $56.00 to $61.00 in a research report on Wednesday, August 17th. They noted that the move was a valuation call. B. Riley restated a “buy” rating and set a $61.00 target price on shares of Dick’s Sporting Goods in a research report on Friday, August 12th. Credit Suisse Group AG restated a “hold” rating and set a $48.00 target price on shares of Dick’s Sporting Goods in a research report on Monday, July 11th. TheStreet upgraded Dick’s Sporting Goods from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Finally, Forward View Consulting set a $64.00 target price on Dick’s Sporting Goods and gave the company a “buy” rating in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $59.09.
Shares of Dick’s Sporting Goods (NYSE:DKS) traded down 0.36% during midday trading on Thursday, reaching $61.30. The company’s stock had a trading volume of 342,740 shares. Dick’s Sporting Goods has a 52 week low of $33.42 and a 52 week high of $61.94. The stock has a market capitalization of $6.92 billion, a PE ratio of 21.47 and a beta of 0.83. The company has a 50 day moving average price of $57.76 and a 200-day moving average price of $48.42.
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Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.13. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.88 billion. Dick’s Sporting Goods had a return on equity of 18.43% and a net margin of 4.32%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. On average, equities research analysts expect that Dick’s Sporting Goods will post $3.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a $0.1513 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.98%. Dick’s Sporting Goods’s payout ratio is 21.33%.
In other news, EVP Michele Willoughby sold 36,737 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $58.78, for a total value of $2,159,400.86. Following the completion of the sale, the executive vice president now directly owns 98,923 shares of the company’s stock, valued at $5,814,693.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.96% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC acquired a new stake in shares of Dick’s Sporting Goods during the first quarter worth approximately $103,000. BlueMountain Capital Management LLC boosted its stake in shares of Dick’s Sporting Goods by 63.6% in the second quarter. BlueMountain Capital Management LLC now owns 2,748 shares of the sporting goods retailer’s stock worth $124,000 after buying an additional 1,068 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Dick’s Sporting Goods during the second quarter worth approximately $135,000. Creative Planning boosted its stake in shares of Dick’s Sporting Goods by 84.3% in the second quarter. Creative Planning now owns 3,072 shares of the sporting goods retailer’s stock worth $138,000 after buying an additional 1,405 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Dick’s Sporting Goods by 1,257.6% in the second quarter. IFP Advisors Inc now owns 3,204 shares of the sporting goods retailer’s stock worth $144,000 after buying an additional 2,968 shares during the last quarter. 72.16% of the stock is owned by institutional investors and hedge funds.
Dick’s Sporting Goods Company Profile
DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.
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