Canaccord Genuity Analysts Give Dicks Sporting Goods (DKS) a $32.00 Price Target
Canaccord Genuity set a $32.00 price objective on Dicks Sporting Goods (NYSE:DKS) in a research note released on Tuesday morning, Marketbeat reports. The firm currently has a hold rating on the sporting goods retailer’s stock.
A number of other research firms have also recently weighed in on DKS. Bank of America increased their price target on Dicks Sporting Goods from $35.00 to $40.00 and gave the stock a neutral rating in a report on Thursday, March 15th. Robert W. Baird reiterated a hold rating and set a $34.00 price target on shares of Dicks Sporting Goods in a report on Thursday, March 15th. Credit Suisse Group reiterated a neutral rating and set a $35.00 price target (up from $24.00) on shares of Dicks Sporting Goods in a report on Thursday, March 15th. They noted that the move was a valuation call. ValuEngine cut Dicks Sporting Goods from a sell rating to a strong sell rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research cut Dicks Sporting Goods from a buy rating to a hold rating in a report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $35.32.
NYSE DKS opened at $36.60 on Tuesday. The firm has a market cap of $3.19 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.07 and a beta of 0.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.41 and a quick ratio of 0.21. Dicks Sporting Goods has a twelve month low of $23.88 and a twelve month high of $42.38.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Thursday, June 7th. Dicks Sporting Goods’s dividend payout ratio is currently 29.90%.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in Dicks Sporting Goods by 1.3% in the 1st quarter. BlackRock Inc. now owns 7,031,950 shares of the sporting goods retailer’s stock valued at $246,469,000 after purchasing an additional 87,300 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Dicks Sporting Goods by 14.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,273,962 shares of the sporting goods retailer’s stock valued at $114,752,000 after purchasing an additional 401,849 shares in the last quarter. JPMorgan Chase & Co. raised its position in Dicks Sporting Goods by 268.7% in the 1st quarter. JPMorgan Chase & Co. now owns 2,603,116 shares of the sporting goods retailer’s stock valued at $91,238,000 after purchasing an additional 1,897,076 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Dicks Sporting Goods by 812.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,469,346 shares of the sporting goods retailer’s stock valued at $70,969,000 after purchasing an additional 2,198,746 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Dicks Sporting Goods by 29.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,041,800 shares of the sporting goods retailer’s stock valued at $58,681,000 after purchasing an additional 466,700 shares in the last quarter. 70.97% of the stock is currently owned by institutional investors.
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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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