DICK’S Sporting Goods (NYSE:DKS) Price Target Raised to $100.00 at Stifel Nicolaus
DICK’S Sporting Goods (NYSE:DKS – Get Rating) Its price target was raised from $84.00 to $100.00 by Stifel Nicolaus in a report published Wednesday morning, reports The Fly.
Several other equity analysts also recently commented on DKS. Stephens lowered its target price on shares of DICK’S Sporting Goods to $102.00 in a research note on Monday, May 30. Bank of America raised its price target for shares of DICK’S Sporting Goods to $125.00 from $105.00 and issued a buy rating for the company in a research report on Friday, August 19. Wedbush lowered its price target on shares of DICK’S Sporting Goods to $110.00 from $140.00 in a research report on Thursday, May 26. The Telsey Advisory Group raised its target price for shares of DICK’S Sporting Goods from $110.00 to $125.00 and gave the company an outperform rating in a research report on Friday, August 19. Finally, Cowen raised his target price on shares of DICK’S Sporting Goods to $128.00 from $126.00 and gave the company an outperform rating in a research report on Wednesday, August 17. One investment analyst has rated the stock with a sell rating, nine with a hold rating and twelve with a buy rating. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target of $123.37.
DICK’S sporting goods price history
NYSE DKS opened at $108.06 on Wednesday. The company’s 50-day simple moving average is $91.27 and its 200-day simple moving average is $95.97. The company has a current ratio of 1.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89. DICK’S Sporting Goods has a 12-month low of $63.45 and a 12-month high of $147.39. The company has a market cap of $8.70 billion, a P/E of 8.35, a P/E of 2.04, and a beta of 1.63.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Tuesday, August 23rd. The sporting goods retailer reported $3.68 EPS for the quarter, beating the consensus estimate of $3.51 by $0.17. DICK’S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.07 billion. For the same period last year, the company posted earnings per share of $5.08. The company’s revenue for the quarter decreased 5.0% compared to the same quarter last year. Analysts are forecasting that DICK’S Sporting Goods will post 10.83 EPS for the current fiscal year.
DICK’S Sporting Goods announces dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9 will receive a dividend of $0.488 per share. The ex-dividend date of this dividend is Thursday September 8th. That equates to a dividend of $1.95 on an annualized basis and a dividend yield of 1.81%. The payout ratio of DICK’S Sporting Goods is currently 15.07%.
Insider Transactions at DICK’S Sporting Goods
In related news, Director William J. Colombo bought 5,000 shares of the company’s stock in a transaction Tuesday, May 31. The stock was purchased at an average price of $80.99 per share for a total value of $404,950.00. Upon completion of the purchase, the Director now directly owns 162,003 shares of the Company, valued at $13,120,622.97. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Company insiders own 32.83% of the company’s shares.
Institutional trade in DICK’S sporting goods
A number of institutional investors and hedge funds have recently changed their holdings of DKS. HS Management Partners LLC increased its stake in DICK’S Sporting Goods by 368.8% during the first quarter. HS Management Partners LLC now owns 1,418,366 shares of the sporting goods retailer valued at $141,865,000 after purchasing an additional 1,115,841 shares last quarter. Renaissance Technologies LLC increased its stake in DICK’S Sporting Goods by 1,226.2% during the second quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer, valued at $91,158,000, after acquiring an additional 1,118,279 shares last quarter. Geode Capital Management LLC increased its holding in DICK’S Sporting Goods by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 1,088,733 shares of the sporting goods retailer worth $125,197,000 after purchasing an additional 158,201 shares last quarter. AQR Capital Management LLC increased its stake in DICK’S Sporting Goods by 155.1% during the second quarter. AQR Capital Management LLC now owns 636,689 shares of the sporting goods retailer valued at $47,446,000 after acquiring an additional 387,139 shares last quarter. Finally, Fiera Capital Corp increased its stake in DICK’S Sporting Goods by 43.5% during the second quarter. Fiera Capital Corp now owns 600,006 shares of the sporting goods retailer, valued at $45,223,000, after acquiring an additional 181,836 shares last quarter. Hedge funds and other institutional investors own 78.92% of the company’s shares.
About DICK’S sporting goods
(received rating)
DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; Clothing; and shoes and accessories.
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