News stories about Dicks Sporting Goods (NYSE:DKS) have trended positive recently, AlphaOne Sentiment Analysis reports. The research firm, a division of Accern, scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dicks Sporting Goods earned a media sentiment score of 0.34 on AlphaOne’s scale. AlphaOne also assigned press coverage about the sporting goods retailer an impact score of 98 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Alpha One’s analysis:
- Equities Analysts Issue Forecasts for Dicks Sporting Goods Inc’s Q4 2018 Earnings (DKS) (americanbankingnews.com)
- Dicks Sporting Goods Inc (DKS) to Post FY2018 Earnings of $3.72 Per Share, Wedbush Forecasts (americanbankingnews.com)
- Jim Cramer Gives His Opinion On Simon Property Group And Dicks Sporting Goods – Benzinga (benzinga.com)
- DICK’S Sporting Goods Announces Grand Opening of Three Additional New Stores in May – PR Newswire (press release) (prnewswire.com)
- EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Dick’s Sporting Goods, Inc. – DKS (finance.yahoo.com)
Several analysts have issued reports on the stock. Goldman Sachs Group Inc raised shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $51.31 to $62.00 in a research report on Monday, January 30th. Stifel Nicolaus reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Dicks Sporting Goods in a research report on Sunday, April 23rd. Monness Crespi & Hardt decreased their price target on shares of Dicks Sporting Goods from $66.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, March 8th. CIBC reissued a “market perform” rating on shares of Dicks Sporting Goods in a research report on Tuesday, February 21st. Finally, Wolfe Research raised shares of Dicks Sporting Goods from a “peer perform” rating to an “outperform” rating and set a $59.00 price target for the company in a research report on Tuesday, March 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-two have given a buy rating to the company’s stock. Dicks Sporting Goods presently has an average rating of “Buy” and an average price target of $58.30.
Dicks Sporting Goods (NYSE:DKS) traded down 1.28% during mid-day trading on Friday, hitting $40.86. The stock had a trading volume of 2,852,953 shares. The stock’s 50 day moving average price is $49.45 and its 200 day moving average price is $52.61. Dicks Sporting Goods has a one year low of $39.54 and a one year high of $62.88. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 15.82 and a beta of 0.65.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. Dicks Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the firm posted $0.50 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Analysts forecast that Dicks Sporting Goods will post $3.69 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 7th. This represents a $0.68 annualized dividend and a yield of 1.64%. Dicks Sporting Goods’s payout ratio is currently 21.11%.
In related news, Chairman Edward W. Stack sold 333,344 shares of Dicks Sporting Goods stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Emanuel Chirico sold 20,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $48.73, for a total value of $974,600.00. Following the transaction, the director now owns 119,171 shares in the company, valued at approximately $5,807,202.83. The disclosure for this sale can be found here. Company insiders own 22.96% of the company’s stock.
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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 primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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