Canaccord Genuity set a $34.00 price objective on Dicks Sporting Goods (NYSE:DKS) in a research note issued to investors on Sunday, January 7th. The brokerage currently has a hold rating on the sporting goods retailer’s stock.
DKS has been the topic of a number of other reports. Wells Fargo & Co set a $29.00 price objective on shares of Dicks Sporting Goods and gave the company a hold rating in a research report on Wednesday, October 11th. BMO Capital Markets reiterated a buy rating and issued a $37.00 price objective on shares of Dicks Sporting Goods in a research report on Thursday, November 2nd. Credit Suisse Group lowered their price objective on shares of Dicks Sporting Goods from $28.00 to $24.00 and set a neutral rating on the stock in a research report on Wednesday, November 15th. Cowen restated a hold rating and set a $28.00 target price on shares of Dicks Sporting Goods in a research report on Thursday, September 28th. Finally, UBS Group decreased their target price on shares of Dicks Sporting Goods from $29.00 to $28.00 and set a neutral rating on the stock in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $33.36.
Shares of Dicks Sporting Goods (NYSE DKS) traded down $1.00 during trading on Friday, hitting $32.33. 5,919,800 shares of the stock were exchanged, compared to its average volume of 3,988,190. The firm has a market cap of $3,580.00, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.81 and a beta of 0.56. Dicks Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $54.74. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s payout ratio is 25.09%.
A number of hedge funds have recently made changes to their positions in DKS. TIAA CREF Investment Management LLC increased its stake in shares of Dicks Sporting Goods by 263.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock valued at $224,411,000 after acquiring an additional 4,085,414 shares during the last quarter. Okumus Fund Management Ltd. acquired a new position in shares of Dicks Sporting Goods during the 3rd quarter valued at about $46,406,000. Northern Trust Corp increased its stake in shares of Dicks Sporting Goods by 54.6% during the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after acquiring an additional 1,339,379 shares during the last quarter. USS Investment Management Ltd acquired a new position in shares of Dicks Sporting Goods during the 4th quarter valued at about $25,871,000. Finally, Prudential Financial Inc. increased its stake in shares of Dicks Sporting Goods by 316.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock valued at $31,295,000 after acquiring an additional 880,464 shares during the last quarter. 72.83% of the stock is owned by hedge funds and other institutional investors.
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Dicks Sporting Goods Company Profile
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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