Dick’s Sporting Goods Inc. (DKS) Earns “Buy” Rating from Brean Capital

Brean Capital reaffirmed their buy rating on shares of Dick’s Sporting Goods Inc. (NYSE:DKS) in a research note published on Wednesday.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus increased their target price on shares of Dick’s Sporting Goods from $50.00 to $60.00 and gave the stock a buy rating in a research report on Friday, August 12th. B. Riley reiterated 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. Cleveland Research upgraded shares of Dick’s Sporting Goods from a neutral rating to a buy rating and set a $59.00 target price for the company in a research report on Friday, August 5th. Goldman Sachs Group Inc. increased their target price on shares of Dick’s Sporting Goods from $53.00 to $56.00 and gave the stock a buy rating in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. increased their target price on shares of Dick’s Sporting Goods from $50.00 to $58.00 and gave the stock a buy rating in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have given a buy rating to the stock. Dick’s Sporting Goods has a consensus rating of Buy and a consensus price target of $61.26.

Dick’s Sporting Goods (NYSE:DKS) opened at 58.88 on Wednesday. The firm has a market capitalization of $6.51 billion, a PE ratio of 20.38 and a beta of 0.71. Dick’s Sporting Goods has a 52-week low of $33.44 and a 52-week high of $62.88. The company’s 50-day moving average is $57.03 and its 200-day moving average is $51.89.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The firm earned $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Dick’s Sporting Goods had a net margin of 4.25% and a return on equity of 18.15%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Analysts forecast that Dick’s Sporting Goods will post $3.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a $0.1513 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Wednesday, December 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 21.11%.

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 transaction of $2,159,400.86. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lauren R. Hobart sold 24,015 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $58.45, for a total transaction of $1,403,676.75. Following the sale, the executive vice president now directly owns 57,930 shares of the company’s stock, valued at approximately $3,386,008.50. The disclosure for this sale can be found here. 22.96% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in DKS. Creative Planning raised its stake 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 during the last quarter. Atria Investments LLC acquired a new stake in Dick’s Sporting Goods during the second quarter valued at approximately $358,000. Community Trust & Investment Co. raised its stake in Dick’s Sporting Goods by 2.0% in the second quarter. Community Trust & Investment Co. now owns 367,813 shares of the sporting goods retailer’s stock valued at $16,574,000 after buying an additional 7,304 shares during the last quarter. British Columbia Investment Management Corp raised its stake in Dick’s Sporting Goods by 32.9% in the second quarter. British Columbia Investment Management Corp now owns 55,757 shares of the sporting goods retailer’s stock valued at $2,512,000 after buying an additional 13,799 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Dick’s Sporting Goods by 135.6% in the second quarter. BNP Paribas Arbitrage SA now owns 45,682 shares of the sporting goods retailer’s stock valued at $2,058,000 after buying an additional 26,295 shares during the last quarter. 69.68% of the stock is owned by hedge funds and other 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.

5 Day Chart for NYSE:DKS

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