Susquehanna Bancshares Inc Trims Dick’s Sporting Goods Inc (DKS) Target Price to $27.00

Dick’s Sporting Goods Inc (NYSE:DKS) had its price target reduced by Susquehanna Bancshares Inc from $30.00 to $27.00 in a research note published on Friday, MarketBeat.com reports. Susquehanna Bancshares Inc currently has a neutral rating on the sporting goods retailer’s stock.

Several other brokerages have also weighed in on DKS. Zacks Investment Research raised Dick’s Sporting Goods from a sell rating to a hold rating in a report on Tuesday, July 18th. Citigroup Inc. lowered Dick’s Sporting Goods from a buy rating to a neutral rating and set a $30.00 price objective for the company. in a report on Wednesday, August 16th. Wells Fargo & Company set a $29.00 price objective on Dick’s Sporting Goods and gave the stock a hold rating in a report on Wednesday, October 11th. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Dick’s Sporting Goods in a report on Thursday, August 24th. Finally, Monness Crespi & Hardt lowered Dick’s Sporting Goods from a buy rating to a neutral rating in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $36.12.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded down $0.53 on Friday, reaching $26.32. The company had a trading volume of 5,387,500 shares, compared to its average volume of 2,883,042. Dick’s Sporting Goods has a 52 week low of $23.88 and a 52 week high of $62.88. The stock has a market cap of $2,936.45, a price-to-earnings ratio of 8.14, a P/E/G ratio of 1.18 and a beta of 0.48. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts predict that Dick’s Sporting Goods will post 2.88 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.58%. Dick’s Sporting Goods’s payout ratio is currently 24.29%.

In related news, Director William J. Colombo acquired 20,000 shares of the stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the transaction, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 23.09% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Dick’s Sporting Goods by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after purchasing an additional 135,991 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Dick’s Sporting Goods by 263.8% in the second 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 purchasing an additional 4,085,414 shares during the last quarter. Northern Trust Corp lifted its position in Dick’s Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after purchasing an additional 1,339,379 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Dick’s Sporting Goods by 10.7% in the second quarter. Bank of New York Mellon Corp now owns 1,828,157 shares of the sporting goods retailer’s stock valued at $72,815,000 after purchasing an additional 176,439 shares during the last quarter. Finally, Okumus Fund Management Ltd. bought a new stake in Dick’s Sporting Goods in the third quarter valued at approximately $46,406,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Dick’s 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.

Analyst Recommendations for Dick`s Sporting Goods (NYSE:DKS)

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