Press coverage about Dick’s Sporting Goods (NYSE:DKS) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dick’s Sporting Goods earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the sporting goods retailer an impact score of 45.6090068738528 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s analysis:
- Dick’s Sporting Goods: Survival Of The Fittest (seekingalpha.com)
- Dick’s Sporting Goods, Inc. breached its 50 day moving average in a Bullish Manner : DKS-US : October 24, 2017 (finance.yahoo.com)
- Dick’s Sporting Goods, Inc. – Value Analysis (NYSE:DKS) : October 25, 2017 (finance.yahoo.com)
- Market Desk: Stock Update for Dick’s Sporting Goods, Inc. (NYSE:DKS) – Lockport Press (lockportpress.com)
- Dick’s Sporting Goods Inc (NYSE: DKS) – Technicals in Focus – Alpha Beta Stock (alphabetastock.com)
Shares of Dick’s Sporting Goods (NYSE:DKS) traded up 0.11% during mid-day trading on Friday, reaching $26.80. The company had a trading volume of 2,529,980 shares. The company has a market capitalization of $2.93 billion, a PE ratio of 9.62 and a beta of 0.51. Dick’s Sporting Goods has a 52-week low of $24.52 and a 52-week high of $62.88. The company’s 50-day moving average price is $26.80 and its 200-day moving average price is $36.27.
Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.04). The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 EPS. On average, analysts forecast that Dick’s Sporting Goods will post $2.90 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 24.29%.
A number of brokerages recently weighed in on DKS. Cleveland Research cut Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Canaccord Genuity set a $54.00 target price on Dick’s Sporting Goods and gave the company a “buy” rating in a report on Saturday, July 1st. BMO Capital Markets set a $62.00 target price on Dick’s Sporting Goods and gave the company a “buy” rating in a report on Thursday, July 6th. Credit Suisse Group set a $44.00 target price on Dick’s Sporting Goods and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Zacks Investment Research upgraded Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Three investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $37.73.
In related news, Director William J. Colombo acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the completion of the transaction, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.09% of the stock is currently owned by corporate insiders.
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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