Dicks Sporting Goods (DKS) Upgraded at ValuEngine

ValuEngine upgraded shares of Dicks Sporting Goods (NYSE:DKS) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

DKS has been the subject of several other reports. Stifel Nicolaus reaffirmed a hold rating and set a $34.00 price objective on shares of Dicks Sporting Goods in a research report on Monday, November 26th. Wedbush upped their price objective on Dicks Sporting Goods from $37.00 to $38.00 and gave the stock a neutral rating in a research report on Tuesday, August 21st. Credit Suisse Group set a $35.00 price objective on Dicks Sporting Goods and gave the stock a hold rating in a research report on Wednesday, August 29th. Zacks Investment Research cut Dicks Sporting Goods from a buy rating to a hold rating in a research report on Friday, August 31st. Finally, Wells Fargo & Co reduced their price objective on Dicks Sporting Goods from $42.00 to $40.00 and set a buy rating for the company in a research report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $39.25.

DKS stock opened at $35.98 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.59 billion, a PE ratio of 11.95, a PEG ratio of 1.57 and a beta of 0.35. Dicks Sporting Goods has a fifty-two week low of $28.05 and a fifty-two week high of $39.75.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.13. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Dicks Sporting Goods had a return on equity of 18.10% and a net margin of 3.87%. Dicks Sporting Goods’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. As a group, equities research analysts anticipate that Dicks Sporting Goods will post 3.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.90 annualized dividend and a yield of 2.50%. Dicks Sporting Goods’s payout ratio is presently 29.90%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKS. Principal Financial Group Inc. raised its holdings in Dicks Sporting Goods by 3.2% during the first quarter. Principal Financial Group Inc. now owns 365,486 shares of the sporting goods retailer’s stock worth $12,810,000 after acquiring an additional 11,315 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Dicks Sporting Goods in the second quarter valued at approximately $1,211,000. Aperio Group LLC raised its stake in Dicks Sporting Goods by 55.7% in the second quarter. Aperio Group LLC now owns 118,752 shares of the sporting goods retailer’s stock valued at $4,186,000 after buying an additional 42,505 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Dicks Sporting Goods in the second quarter valued at approximately $1,327,000. Finally, First Midwest Bank Trust Division raised its stake in Dicks Sporting Goods by 158.3% in the second quarter. First Midwest Bank Trust Division now owns 35,233 shares of the sporting goods retailer’s stock valued at $1,242,000 after buying an additional 21,595 shares during the period. Institutional investors and hedge funds own 81.06% of the company’s stock.

About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Read More: What are defining characteristics of a correction?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply