Dick’s Sporting Goods Inc. (DKS) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Dick’s Sporting Goods Inc. (NYSE:DKS)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They presently have a $60.00 price target on the sporting goods retailer’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 3.97% from the stock’s previous close.
A number of other research analysts also recently commented on DKS. B. Riley reaffirmed a “buy” rating and issued a $61.00 price target on shares of Dick’s Sporting Goods in a report on Friday, August 12th. MKM Partners reaffirmed a “buy” rating and issued a $55.00 price target on shares of Dick’s Sporting Goods in a report on Wednesday, June 29th. Vetr raised shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Monday, August 15th. Morgan Stanley increased their price target on shares of Dick’s Sporting Goods from $44.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, August 17th. Finally, BMO Capital Markets increased their price target on shares of Dick’s Sporting Goods from $52.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the stock. Dick’s Sporting Goods presently has an average rating of “Buy” and a consensus price target of $59.40.
Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 57.71 on Monday. Dick’s Sporting Goods has a 52-week low of $33.42 and a 52-week high of $61.94. The company has a market capitalization of $6.52 billion, a PE ratio of 20.21 and a beta of 0.85. The firm’s 50-day moving average price is $58.98 and its 200 day moving average price is $49.46.
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Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 16th. The sporting goods retailer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.69 by $0.13. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The business earned $2 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The business’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts forecast that Dick’s Sporting Goods will post $3.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 9th were issued a $0.1513 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.61 dividend on an annualized basis and a yield of 1.05%. Dick’s Sporting Goods’s payout ratio is 21.33%.
In other Dick’s Sporting Goods news, EVP Michele Willoughby sold 36,737 shares of Dick’s Sporting Goods stock in a transaction on 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 transaction, the executive vice president now owns 98,923 shares of the company’s stock, valued at $5,814,693.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 22.96% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its position in Dick’s Sporting Goods by 7.0% in the third quarter. Advisory Services Network LLC now owns 3,802 shares of the sporting goods retailer’s stock worth $216,000 after buying an additional 248 shares during the last quarter. Bremer Trust National Association bought a new stake in Dick’s Sporting Goods during the third quarter worth approximately $224,000. Mason Street Advisors LLC bought a new stake in Dick’s Sporting Goods during the second quarter worth approximately $1,832,000. IFP Advisors Inc boosted its stake in 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 in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Dick’s Sporting Goods by 80.0% in the second quarter. Public Employees Retirement System of Ohio now owns 51,695 shares of the sporting goods retailer’s stock worth $2,329,000 after buying an additional 22,972 shares in the last quarter. 72.16% of the stock is owned by institutional investors.
About Dick’s Sporting Goods
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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