Several other research firms also recently issued reports on DKS. Susquehanna initiated coverage on Dick’s Sporting Goods in a research note on Friday, August 12th. They issued a positive rating and a $65.00 price target on the stock. Argus lifted their price target on Dick’s Sporting Goods from $52.00 to $66.00 and gave the company a buy rating in a research note on Tuesday, August 30th. Vetr downgraded Dick’s Sporting Goods from a strong-buy rating to a buy rating and set a $50.00 price target on the stock. in a research note on Thursday, June 30th. Credit Suisse Group AG reissued 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. Finally, Cleveland Research raised Dick’s Sporting Goods from a neutral rating to a buy rating and set a $59.00 target price on the stock in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $59.09.
Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 60.01 on Thursday. The company has a market cap of $6.78 billion, a P/E ratio of 21.02 and a beta of 0.83. The firm has a 50 day moving average price of $58.48 and a 200-day moving average price of $48.79. Dick’s Sporting Goods has a 12 month low of $33.42 and a 12 month high of $61.94.
Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.13. Dick’s Sporting Goods had a return on equity of 18.43% and a net margin of 4.32%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Analysts anticipate that Dick’s Sporting Goods will post $3.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors 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 yield of 1.01%. Dick’s Sporting Goods’s payout ratio is 21.33%.
In related news, EVP Michele Willoughby sold 36,737 shares of the stock in a transaction on Thursday, August 25th. The stock was 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 in the company, valued at $5,814,693.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 22.96% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of DKS. Acrospire Investment Management LLC bought a new stake in Dick’s Sporting Goods during the first quarter worth $103,000. BlueMountain Capital Management LLC increased 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 $135,000. Creative Planning increased 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 increased 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. Institutional investors and hedge funds 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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