DICK’S Sporting Items, Inc. (NYSE:DKS) Receives Common Suggestion of “Purchase” from Brokerages

0
30

DICK’S Sporting Goods, Inc. (NYSE: DKS) shares have received an average rating of “Buy” from the twenty-three brokers currently covering the company, Marketbeat reports. Ten research analysts have given the share a hold rating and twelve with a buy rating. The average 12-month target price from analysts who rated the stock over the past year is $ 126.25.

A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded DICK’s Sporting Goods from a “strong buy” rating to a “hold” rating and set a price target of $ 154.00 for the company. in a research note on Monday. Stifel Nicolaus raised his target price on the shares of DICK’s Sporting Goods from USD 98.00 to USD 126.00 and gave the company a “hold” rating in a research note on Thursday, August 26th. Morgan Stanley raised its target price on the shares of DICK’s Sporting Goods from US $ 120.00 to US $ 145.00 and rated the company as “overweight” in a research release on Thursday, August 26th. Bank of America raised its price target for the shares of DICK’s Sporting Goods from USD 115.00 to USD 160.00 and gave the company a “Buy” rating in a research note on Thursday, August 26th. Finally, Argus raised its target price on DICK’s Sporting Goods from $ 92.00 to $ 110.00 and gave the stock a buy recommendation in a report on Monday, June 7th.

NYSE: DKS shares opened Tuesday at $ 145.19. The company’s fifty-day moving average price is $ 110.34 and the 200-day moving average price is $ 93.76. DICK’S Sporting Goods has an annual low of $ 50.88 and an annual high of $ 146.94. The stock has a market capitalization of $ 12.86 billion, a P / E of 12.11, a price-to-earnings-to-growth ratio of 0.89, and a beta of 1.74. The company has a debt of 0.14, a quick ratio of 0.94 and a current ratio of 1.72.

(Advertisement)

NASDAQ’s CEO calls out: “The greatest opportunity we can think of in the next ten years.”

DICK’s Sporting Goods (NYSE: DKS) last released its quarterly earnings data on Tuesday, August 24th. The sporting goods retailer reported $ 5.08 EPS for the quarter, beating Zacks’ consensus estimate of $ 2.80 by $ 2.28. DICK’S Sporting Goods had a net margin of 10.69% and a return on equity of 50.69%. The company had revenue of $ 3.28 billion for the quarter, compared to the consensus estimate of $ 2.84 billion. In the same quarter last year, the company achieved $ 3.21 EPS. The company’s quarterly sales increased 20.8% compared to the same quarter last year. As a group, equity research analysts predict that DICK’S Sporting Goods will generate earnings per share of 12.47 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Investors of record on Friday, September 10th, will receive a dividend of $ 0.4375 per share. This is a positive change from DICK’s Sporting Goods’ previous quarterly dividend of $ 0.36. This equates to an annualized dividend of $ 1.75 and a dividend yield of 1.21%. The ex-dividend date is Thursday, September 9th. The payout ratio of DICK’S Sporting Goods is currently 23.69%.

In other DICK’s Sporting Goods News, SVP John Edward Hayes III sold 2,379 shares in the company in a transaction dated Thursday, August 26th. The shares were sold at an average price of $ 131.00 for a total transaction of $ 311,649.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this hyperlink. In addition, CFO Lee J. Belitsky sold 35,000 shares in the company in a transaction dated Friday, August 27. The shares were sold at an average price of $ 134.86 for a total transaction of $ 4,720,100.00. The disclosure for this sale can be found here. Insiders sold 68,123 shares in the company for $ 9,468,718 in the past 90 days. 30.57% of the shares are owned by company insiders.

Large investors recently changed their holdings in the company. Convergence Investment Partners LLC increased its stake in DICK’S Sporting Goods by 17.6% in the second quarter. Convergence Investment Partners LLC now owns 19,631 shares of the sporting goods retailer valued at $ 1,967,000 after purchasing an additional 2,937 shares during the reporting period. Hussman Strategic Advisors Inc. increased its stake in DICK’S Sporting Goods by 158.3% in the second quarter. Hussman Strategic Advisors Inc. now owns 37,200 shares of the sporting goods retailer valued at $ 3,727,000 after acquiring an additional 22,800 shares during the reporting period. Spectrum Management Group LLC acquired a new stake in DICK’s Sporting Goods valued at approximately US $ 2,185,000 in the first quarter. Envestnet Asset Management Inc. increased its stake in DICK’s Sporting Goods by 10.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 246,307 shares in the sporting goods retailer valued at $ 24,677,000 after acquiring an additional 23,265 shares during the period. Finally, Versor Investments LP increased its stake in DICK’S Sporting Goods by 37.4% in the 2nd quarter. Versor Investments LP now owns 10,355 shares in the sporting goods retailer valued at $ 1,037,000 after purchasing an additional 2,819 shares during the period. 79.04% of the shares are owned by institutional investors.

About DICK’S sporting goods

Dick’s Sporting Goods, Inc. retailers an extensive line of authentic sports equipment, apparel, shoes, and accessories through a mix of partners, in-store services, and unique in-store specialty stores. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

Featured story: what is the formula for operating income?

This instant news alert was generated through narrative science technology and financial data from MarketBeat to deliver the fastest, most accurate coverage to readers. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $ 1,000 in DICK’S Sporting Goods now?

Before you consider DICK’S Sporting Goods, this is what you should hear.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their customers to buy now before the broader market takes hold … and DICK’S Sporting Goods wasn’t on the list.

While DICK’s Sporting Goods is currently rated “Buy” by analysts, top-rated analysts think these five stocks are better buys.

Check out the 5 stocks here

LEAVE A REPLY

Please enter your comment!
Please enter your name here