Dick’s Sporting Goods’ (DKS) “Neutral” Rating Reiterated at JPMorgan Chase & Co.
Dick’s Sporting Goods Inc. (NYSE:DKS)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued on Monday. They presently have a $60.00 target price on the sporting goods retailer’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 3.97% from the company’s current price.
Several other research firms have also issued reports on DKS. Susquehanna initiated coverage on shares of Dick’s Sporting Goods in a report on Friday, August 12th. They issued a “positive” rating and a $65.00 target price on the stock. Argus boosted their target price on shares of Dick’s Sporting Goods from $52.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, August 30th. Off Wall Street started coverage on shares of Dick’s Sporting Goods in a research note on Thursday, September 29th. They issued a “sell” rating for the company. Vetr downgraded shares of Dick’s Sporting Goods from a “strong-buy” rating to a “buy” rating and set a $50.00 price target for the company. in a research note on Thursday, June 30th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $48.00 price target on shares of Dick’s Sporting Goods in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $59.40.
Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 57.71 on Monday. The firm has a market capitalization of $6.52 billion, a P/E ratio of 20.21 and a beta of 0.85. The company has a 50-day moving average of $58.98 and a 200 day moving average of $49.46. Dick’s Sporting Goods has a 52 week low of $33.42 and a 52 week high of $61.94.
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Dick’s Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.13. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.88 billion. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. Dick’s Sporting Goods’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. Equities research analysts anticipate that Dick’s Sporting Goods will post $3.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued a dividend of $0.1513 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 21.33%.
In related news, EVP Michele Willoughby sold 36,737 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $58.78, for a total transaction of $2,159,400.86. Following the transaction, the executive vice president now owns 98,923 shares of the company’s stock, valued at approximately $5,814,693.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 22.96% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Beacon Capital Management acquired a new position in Dick’s Sporting Goods during the fourth quarter valued at approximately $0. Acrospire Investment Management LLC acquired a new position in Dick’s Sporting Goods during the first quarter valued at approximately $103,000. BlueMountain Capital Management LLC raised its position in 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 valued at $124,000 after buying an additional 1,068 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Dick’s Sporting Goods during the second quarter valued at approximately $135,000. Finally, Creative Planning raised its position in 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 valued at $138,000 after buying an additional 1,405 shares in the last quarter. 72.16% of the stock is currently owned by institutional investors.
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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