Dick’s Sporting Goods Inc. (DKS) Receives Consensus Rating of “Buy” from Brokerages
Dick’s Sporting Goods Inc. (NYSE:DKS) has received a consensus recommendation of “Buy” from the thirty-five brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and twenty-two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $61.21.
Several analysts recently weighed in on the stock. Brean Capital reissued a “buy” rating on shares of Dick’s Sporting Goods in a research note on Thursday, September 22nd. Guggenheim assumed coverage on shares of Dick’s Sporting Goods in a research note on Tuesday, September 20th. They issued a “neutral” rating on the stock. Vetr cut shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $61.50 price objective on the stock. in a research note on Tuesday, September 6th. Off Wall Street assumed coverage on shares of Dick’s Sporting Goods in a research note on Thursday, September 29th. They issued a “sell” rating on the stock. Finally, Argus boosted their price objective on shares of Dick’s Sporting Goods from $52.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, August 30th.
Dick’s Sporting Goods (NYSE:DKS) traded down 0.85% during mid-day trading on Tuesday, hitting $57.14. The company’s stock had a trading volume of 446,566 shares. The firm has a 50 day moving average of $58.94 and a 200-day moving average of $49.57. Dick’s Sporting Goods has a 52-week low of $33.42 and a 52-week high of $61.94. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 20.01 and a beta of 0.85.
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Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Dick’s Sporting Goods’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts expect that Dick’s Sporting Goods will post $3.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 9th were given 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 (DPR) is currently 21.33%.
In other news, EVP Michele Willoughby sold 36,737 shares of the firm’s 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 sale, the executive vice president now owns 98,923 shares in the company, valued at approximately $5,814,693.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 22.96% of the company’s stock.
Several hedge funds have recently bought and sold shares of DKS. AMP Capital Investors Ltd boosted its stake in Dick’s Sporting Goods by 167.9% in the first quarter. AMP Capital Investors Ltd now owns 62,306 shares of the sporting goods retailer’s stock valued at $2,929,000 after buying an additional 39,048 shares during the period. Friess Associates LLC bought a new stake in Dick’s Sporting Goods during the first quarter valued at $8,767,000. Wellington Management Group LLP bought a new stake in Dick’s Sporting Goods during the first quarter valued at $103,767,000. Simmons Bank bought a new stake in Dick’s Sporting Goods during the first quarter valued at $355,000. Finally, Pictet Asset Management Ltd. boosted its stake in Dick’s Sporting Goods by 7.0% in the first quarter. Pictet Asset Management Ltd. now owns 35,000 shares of the sporting goods retailer’s stock valued at $1,486,000 after buying an additional 2,300 shares during the period. Hedge funds and other institutional investors own 72.16% of the company’s stock.
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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