Dicks Sporting Goods (DKS) Shares Gap Up to $33.33
Dicks Sporting Goods Inc (NYSE:DKS) gapped up prior to trading on Friday . The stock had previously closed at $32.89, but opened at $33.33. Dicks Sporting Goods shares last traded at $33.33, with a volume of 4145301 shares trading hands.
DKS has been the subject of several research analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $37.00 price objective on shares of Dicks Sporting Goods in a report on Thursday, November 2nd. Forward View raised Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, November 16th. Citigroup raised Dicks Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $28.00 to $35.00 in a report on Tuesday, December 19th. Deutsche Bank raised Dicks Sporting Goods from a “hold” rating to a “buy” rating in a report on Friday. Finally, Morgan Stanley decreased their price objective on Dicks Sporting Goods from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and nine have given a buy rating to the stock. Dicks Sporting Goods presently has a consensus rating of “Hold” and a consensus price target of $32.92.
The stock has a market cap of $3,579.74, a P/E ratio of 12.30, a P/E/G ratio of 1.82 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. Dicks Sporting Goods’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. equities research analysts anticipate that Dicks Sporting Goods Inc will post 2.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s payout ratio is 25.09%.
Large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in Dicks Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after acquiring an additional 653 shares in the last quarter. Toronto Dominion Bank raised its position in Dicks Sporting Goods by 169.2% in the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after acquiring an additional 2,927 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Dicks Sporting Goods in the third quarter worth $132,000. Nordea Investment Management AB raised its position in Dicks Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after acquiring an additional 26 shares in the last quarter. Finally, QS Investors LLC raised its position in Dicks Sporting Goods by 57,533.3% in the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock worth $207,000 after acquiring an additional 5,178 shares in the last quarter. Hedge funds and other institutional investors own 72.81% of the company’s stock.
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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