Dicks Sporting Goods Inc (NYSE:DKS) has been assigned an average rating of “Buy” from the thirty-two ratings firms that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $61.06.
DKS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Wednesday, January 18th. Citigroup Inc reiterated a “buy” rating and issued a $66.00 price objective (down from $68.00) on shares of Dicks Sporting Goods in a research report on Wednesday, December 28th. Brean Capital reiterated a “buy” rating and issued a $63.00 price objective (down from $64.00) on shares of Dicks Sporting Goods in a research report on Sunday, December 4th. Goldman Sachs Group Inc upgraded Dicks Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $51.31 to $62.00 in a research report on Monday, January 30th. Finally, Forward View set a $59.00 price objective on Dicks Sporting Goods and gave the stock a “buy” rating in a research report on Monday, January 16th.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at 46.99 on Friday. Dicks Sporting Goods has a one year low of $37.96 and a one year high of $62.88. The company’s 50-day moving average price is $49.70 and its 200 day moving average price is $55.03. The company has a market cap of $5.19 billion, a P/E ratio of 18.36 and a beta of 0.65.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, March 7th. The sporting goods retailer reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.02. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.48 billion. Dicks Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.13 EPS. On average, equities research analysts anticipate that Dicks Sporting Goods will post $3.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.15. Dicks Sporting Goods’s payout ratio is presently 21.11%.
In other Dicks Sporting Goods news, Chairman Edward W. Stack sold 333,344 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $47.47, for a total transaction of $15,823,839.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Emanuel Chirico sold 20,000 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $48.73, for a total value of $974,600.00. Following the sale, the director now directly owns 119,171 shares of the company’s stock, valued at approximately $5,807,202.83. The disclosure for this sale can be found here. Insiders own 22.96% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in DKS. State of Alaska Department of Revenue raised its stake in Dicks Sporting Goods by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 30,193 shares of the sporting goods retailer’s stock valued at $1,712,000 after buying an additional 1,741 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Dicks Sporting Goods by 45.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 32,000 shares of the sporting goods retailer’s stock valued at $1,815,000 after buying an additional 10,000 shares in the last quarter. Nationwide Fund Advisors raised its stake in Dicks Sporting Goods by 24.0% in the third quarter. Nationwide Fund Advisors now owns 188,437 shares of the sporting goods retailer’s stock valued at $10,688,000 after buying an additional 36,465 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Dicks Sporting Goods during the third quarter valued at about $138,000. Finally, CIBC Asset Management Inc bought a new stake in Dicks Sporting Goods during the third quarter valued at about $211,000. 71.76% of the stock is owned by institutional investors and hedge funds.
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Dicks 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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