Goldman Sachs Group initiated coverage on shares of Dicks Sporting Goods (NYSE:DKS) in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $38.00 price target on the sporting goods retailer’s stock.
Other research analysts have also issued research reports about the stock. Bank of America set a $165.00 price target on shares of PVH and gave the company a buy rating in a research note on Thursday, May 30th. ValuEngine upgraded shares of WEX from a hold rating to a buy rating in a research note on Thursday, June 13th. Telsey Advisory Group reiterated an outperform rating and issued a $41.00 price target (down previously from $44.00) on shares of Dicks Sporting Goods in a research note on Wednesday, March 13th. Citigroup began coverage on shares of Dicks Sporting Goods in a research note on Wednesday, April 10th. They issued a neutral rating and a $40.00 price target on the stock. Finally, TheStreet lowered shares of Misonix from a c- rating to a d rating in a research note on Thursday, June 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $40.00.
Shares of DKS stock opened at $37.21 on Thursday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.16 and a current ratio of 1.31. The firm has a 50-day moving average price of $35.08. The company has a market cap of $3.42 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.99 and a beta of 0.59. Dicks Sporting Goods has a 52-week low of $29.69 and a 52-week high of $41.21.
Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 29th. The sporting goods retailer reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a net margin of 3.76% and a return on equity of 16.95%. Dicks Sporting Goods’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. As a group, research analysts anticipate that Dicks Sporting Goods will post 3.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, June 13th. Dicks Sporting Goods’s payout ratio is 33.95%.
A number of large investors have recently modified their holdings of DKS. CENTRAL TRUST Co lifted its stake in Dicks Sporting Goods by 4,150.0% in the 1st quarter. CENTRAL TRUST Co now owns 850 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 830 shares during the last quarter. Bremer Bank National Association acquired a new stake in Dicks Sporting Goods in the first quarter worth $32,000. WP Advisors LLC acquired a new stake in Dicks Sporting Goods in the first quarter worth $62,000. Investors Research Corp acquired a new stake in Dicks Sporting Goods in the first quarter worth $63,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Dicks Sporting Goods in the first quarter worth $66,000. 83.61% of the stock is owned by institutional investors and hedge funds.
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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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