Cowen and Company reissued their hold rating on shares of Dick’s Sporting Goods Inc (NYSE:DKS) in a research note issued to investors on Friday, November 3rd. They currently have a $28.00 price objective on the sporting goods retailer’s stock.
Several other equities analysts have also recently weighed in on DKS. Cleveland Research cut shares of Dick’s Sporting Goods from a buy rating to a hold rating in a research report on Monday, July 10th. BMO Capital Markets set a $62.00 price objective on shares of Dick’s Sporting Goods and gave the company a buy rating in a research note on Thursday, July 6th. Credit Suisse Group set a $44.00 price objective on shares of Dick’s Sporting Goods and gave the stock a hold rating in a report on Monday, August 7th. Zacks Investment Research raised shares of Dick’s Sporting Goods from a sell rating to a hold rating in a research note on Tuesday, July 18th. Finally, Telsey Advisory Group downgraded shares of Dick’s Sporting Goods from an outperform rating to a market perform rating and lowered their price target for the stock from $52.00 to $40.00 in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and seven have issued a buy rating to the stock. Dick’s Sporting Goods has an average rating of Hold and an average target price of $33.12.
Shares of Dick’s Sporting Goods (DKS) traded down $0.20 during mid-day trading on Friday, hitting $28.38. The company had a trading volume of 2,706,434 shares, compared to its average volume of 2,997,375. Dick’s Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $62.80. The company has a market capitalization of $3,100.00, a PE ratio of 9.33, a P/E/G ratio of 1.59 and a beta of 0.48. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, December 7th. Dick’s Sporting Goods’s dividend payout ratio is 25.09%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKS. TIAA CREF Investment Management LLC lifted its position in shares of Dick’s Sporting Goods by 263.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after acquiring an additional 4,085,414 shares during the period. Okumus Fund Management Ltd. acquired a new stake in shares of Dick’s Sporting Goods in the 3rd quarter valued at $46,406,000. Northern Trust Corp increased its stake in shares of Dick’s Sporting Goods by 54.6% in 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 buying an additional 1,339,379 shares during the period. Manning & Napier Advisors LLC grew its stake in shares of Dick’s Sporting Goods by 1,173.1% during the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after purchasing an additional 961,955 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Dick’s Sporting Goods by 316.5% during the third quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock worth $31,295,000 after purchasing an additional 880,464 shares during the period. 72.87% of the stock is currently owned by hedge funds and other institutional investors.
About Dick’s Sporting Goods
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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