Dicks Sporting Goods Inc (DKS) Stock Rating Reaffirmed by Stifel Nicolaus
Stifel Nicolaus reaffirmed their outperform rating on shares of Dicks Sporting Goods Inc (NYSE:DKS) in a research note released on Sunday morning. Stifel Nicolaus currently has a $65.00 target price on the sporting goods retailer’s stock.
Several other research analysts have also weighed in on the stock. Goldman Sachs Group Inc upgraded shares of Dicks Sporting Goods from a neutral rating to a buy rating and increased their price objective for the stock from $51.31 to $62.00 in a report on Monday, January 30th. Forward View set a $59.00 price target on shares of Dicks Sporting Goods and gave the company a buy rating in a report on Monday, January 16th. Monness Crespi & Hardt cut their price target on shares of Dicks Sporting Goods from $66.00 to $60.00 and set a buy rating on the stock in a report on Wednesday, March 8th. Zacks Investment Research lowered shares of Dicks Sporting Goods from a buy rating to a hold rating in a report on Tuesday, January 17th. Finally, CIBC restated a market perform rating on shares of Dicks Sporting Goods in a report on Tuesday, February 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-two have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $61.77.
Dicks Sporting Goods (NYSE:DKS) traded down 0.50% during trading on Friday, hitting $51.58. 1,396,133 shares of the stock traded hands. Dicks Sporting Goods has a 52-week low of $37.96 and a 52-week high of $62.88. The company’s 50 day moving average price is $49.06 and its 200-day moving average price is $53.63. The stock has a market cap of $5.82 billion, a P/E ratio of 20.15 and a beta of 0.65.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 7th. The sporting goods retailer reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.02. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.48 billion. Dicks Sporting Goods had a net margin of 4.25% and a return on equity of 18.15%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. Equities research analysts forecast that Dicks Sporting Goods will post $3.73 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 10th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, March 8th. This is a boost from Dicks Sporting Goods’s previous quarterly dividend of $0.15. Dicks Sporting Goods’s payout ratio is 21.11%.
In other Dicks Sporting Goods news, Chairman Edward W. Stack sold 333,344 shares of Dicks Sporting Goods 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Emanuel Chirico sold 20,000 shares of Dicks Sporting Goods 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 transaction, the director now directly owns 119,171 shares in the company, 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.
Institutional investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. boosted its position in Dicks Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock valued at $143,000 after buying an additional 200 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Dicks Sporting Goods by 32.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 377,080 shares of the sporting goods retailer’s stock valued at $18,349,000 after buying an additional 92,223 shares during the last quarter. Hermes Investment Management Ltd. purchased a new stake in shares of Dicks Sporting Goods during the first quarter valued at approximately $11,368,000. Beech Hill Advisors Inc. purchased a new stake in shares of Dicks Sporting Goods during the first quarter valued at approximately $2,105,000. Finally, Quantitative Systematic Strategies LLC boosted its stake in shares of Dicks Sporting Goods by 34.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 44,661 shares of the sporting goods retailer’s stock valued at $2,173,000 after buying an additional 11,521 shares during the last quarter. 71.76% of the stock is currently owned by institutional investors.
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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