Shares of Daktronics Inc. (NASDAQ:DAKT) have received an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.
Zacks has also assigned Daktronics an industry rank of 204 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Daktronics from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective on the stock in a research report on Friday, August 26th. Needham & Company LLC increased their price objective on shares of Daktronics from $8.00 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Griffin Securities lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. Finally, Sidoti lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st.
In related news, CEO Reece A. Kurtenbach acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, June 28th. The stock was bought at an average cost of $6.20 per share, with a total value of $62,000.00. Following the acquisition, the chief executive officer now owns 258,958 shares of the company’s stock, valued at approximately $1,605,539.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.40% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in Daktronics by 7.6% in the second quarter. Thrivent Financial for Lutherans now owns 19,150 shares of the company’s stock worth $120,000 after buying an additional 1,350 shares in the last quarter. Arizona State Retirement System increased its stake in Daktronics by 1.0% in the second quarter. Arizona State Retirement System now owns 20,091 shares of the company’s stock worth $126,000 after buying an additional 200 shares in the last quarter. BTC Capital Management Inc. increased its stake in Daktronics by 99.3% in the second quarter. BTC Capital Management Inc. now owns 20,344 shares of the company’s stock worth $127,000 after buying an additional 10,136 shares in the last quarter. Quantitative Systematic Strategies LLC increased its stake in Daktronics by 129.6% in the second quarter. Quantitative Systematic Strategies LLC now owns 26,338 shares of the company’s stock worth $163,000 after buying an additional 14,868 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Daktronics by 30.7% in the second quarter. HighTower Advisors LLC now owns 33,444 shares of the company’s stock worth $209,000 after buying an additional 7,850 shares in the last quarter. 44.60% of the stock is owned by institutional investors.
Shares of Daktronics (NASDAQ:DAKT) opened at 9.84 on Friday. The firm has a market cap of $431.70 million, a P/E ratio of 113.10 and a beta of 1.41. Daktronics has a 52-week low of $5.92 and a 52-week high of $10.28. The company has a 50 day moving average price of $8.67 and a 200-day moving average price of $7.69.
Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.08. Daktronics had a return on equity of 1.87% and a net margin of 0.66%. The firm earned $157.10 million during the quarter. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. On average, analysts expect that Daktronics will post $0.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Monday, September 12th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.85%. This is an increase from Daktronics’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, September 8th. Daktronics’s dividend payout ratio (DPR) is presently 311.15%.
Daktronics Company Profile
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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