Goldman Sachs Group began coverage on shares of Dicks Sporting Goods (NYSE:DKS) in a report published on Thursday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $38.00 price target on the sporting goods retailer’s stock.
Other analysts have also recently issued research reports about the stock. Telsey Advisory Group restated an outperform rating and issued a $41.00 price objective (down previously from $44.00) on shares of Dicks Sporting Goods in a research report on Wednesday, March 13th. Zacks Investment Research cut shares of First Merchants from a hold rating to a sell rating in a research report on Monday, July 1st. TheStreet cut shares of Misonix from a c- rating to a d rating in a research report on Thursday, June 20th. Bank of America set a $165.00 price objective on shares of PVH and gave the company a buy rating in a research report on Thursday, May 30th. Finally, ValuEngine upgraded shares of WEX from a hold rating to a buy rating in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $40.00.
DKS opened at $37.21 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.16 and a current ratio of 1.31. Dicks Sporting Goods has a 12 month low of $29.69 and a 12 month high of $41.21. The company has a fifty day moving average price of $35.08. The company has a market cap of $3.42 billion, a PE ratio of 11.34, a P/E/G ratio of 1.99 and a beta of 0.59.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. Dicks Sporting Goods had a net margin of 3.76% and a return on equity of 16.95%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, research analysts predict that Dicks Sporting Goods will post 3.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, June 13th. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 33.95%.
Hedge funds have recently added to or reduced their stakes in the business. CENTRAL TRUST Co increased its holdings in Dicks Sporting Goods by 4,150.0% during the 1st quarter. CENTRAL TRUST Co now owns 850 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 830 shares in the last quarter. Bremer Bank National Association bought a new position in shares of Dicks Sporting Goods in the 1st quarter valued at about $32,000. WP Advisors LLC bought a new position in shares of Dicks Sporting Goods in the 1st quarter valued at about $62,000. Investors Research Corp bought a new position in shares of Dicks Sporting Goods in the 1st quarter valued at about $63,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Dicks Sporting Goods in the 1st quarter valued at about $66,000. Hedge funds and other institutional investors own 83.75% 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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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