Dicks Sporting Goods Inc (DKS) Receives Consensus Rating of “Hold” from Analysts
Shares of Dicks Sporting Goods Inc (NYSE:DKS) have earned an average rating of “Hold” from the twenty-eight research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.35.
Several research analysts recently weighed in on the company. ValuEngine upgraded Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Royal Bank of Canada increased their price objective on Dicks Sporting Goods to $38.00 and gave the stock a “market perform” rating in a research report on Thursday, November 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $34.00 price objective on shares of Dicks Sporting Goods in a research report on Monday, November 26th. Raymond James reiterated a “hold” rating on shares of Dicks Sporting Goods in a research report on Sunday, December 2nd. Finally, TheStreet upgraded Dicks Sporting Goods from a “c+” rating to a “b-” rating in a research report on Wednesday, November 28th.
Shares of DKS stock traded up $0.05 on Friday, hitting $33.35. The company had a trading volume of 100,240 shares, compared to its average volume of 1,882,306. The stock has a market cap of $3.36 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.47. The company has a quick ratio of 0.19, a current ratio of 1.61 and a debt-to-equity ratio of 0.24. Dicks Sporting Goods has a twelve month low of $28.86 and a twelve month high of $39.75.
The company also recently declared a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, December 13th. Dicks Sporting Goods’s dividend payout ratio (DPR) is 29.90%.
A number of large investors have recently added to or reduced their stakes in DKS. BlackRock Inc. raised its stake in shares of Dicks Sporting Goods by 1.5% in the third quarter. BlackRock Inc. now owns 7,004,228 shares of the sporting goods retailer’s stock valued at $248,511,000 after acquiring an additional 102,949 shares in the last quarter. Zuckerman Investment Group LLC acquired a new stake in shares of Dicks Sporting Goods in the third quarter valued at $7,584,000. FMR LLC raised its stake in shares of Dicks Sporting Goods by 504.5% in the third quarter. FMR LLC now owns 1,019,461 shares of the sporting goods retailer’s stock valued at $36,172,000 after acquiring an additional 850,809 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Dicks Sporting Goods in the third quarter valued at $442,000. Finally, BBT Capital Management LLC acquired a new stake in shares of Dicks Sporting Goods in the third quarter valued at $858,000. Institutional investors own 80.41% 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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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