Shares of Dicks Sporting Goods Inc (NYSE:DKS) have earned an average recommendation of “Hold” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $40.33.
DKS has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Dicks Sporting Goods from a “hold” rating to a “sell” rating in a report on Tuesday, May 21st. Bank of America set a $40.00 target price on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a report on Thursday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $41.00 target price (down previously from $44.00) on shares of Dicks Sporting Goods in a report on Wednesday, March 13th. Finally, Citigroup initiated coverage on shares of Dicks Sporting Goods in a report on Wednesday, April 10th. They set a “neutral” rating and a $40.00 target price for the company.
Shares of DKS stock traded down $0.52 during midday trading on Wednesday, hitting $34.29. 3,037,812 shares of the company were exchanged, compared to its average volume of 2,377,409. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 1.88 and a beta of 0.62. 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 52 week low of $29.69 and a 52 week high of $41.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, June 13th. Dicks Sporting Goods’s dividend payout ratio is currently 33.95%.
A number of hedge funds and other institutional investors have recently bought and sold shares of DKS. AQR Capital Management LLC boosted its holdings in Dicks Sporting Goods by 100.9% in the 1st quarter. AQR Capital Management LLC now owns 3,283,817 shares of the sporting goods retailer’s stock valued at $120,418,000 after purchasing an additional 1,649,538 shares during the period. Norges Bank bought a new stake in Dicks Sporting Goods in the 4th quarter valued at about $49,764,000. Boston Partners boosted its holdings in Dicks Sporting Goods by 58.8% in the 4th quarter. Boston Partners now owns 3,324,592 shares of the sporting goods retailer’s stock valued at $103,728,000 after purchasing an additional 1,230,592 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Dicks Sporting Goods by 2,975.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 945,235 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 914,503 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in Dicks Sporting Goods in the 1st quarter valued at about $18,376,000. 80.07% of the stock is owned by hedge funds and other institutional investors.
Dicks Sporting Goods Company Profile
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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