Dicks Sporting Goods (DKS) Lifted to Outperform at Wells Fargo & Co

Wells Fargo & Co upgraded shares of Dicks Sporting Goods (NYSE:DKS) from a market perform rating to an outperform rating in a research report released on Wednesday morning, MarketBeat reports. The firm currently has $35.00 price target on the sporting goods retailer’s stock, up from their previous price target of $26.00.

Other equities research analysts have also recently issued research reports about the company. Cowen reiterated a hold rating and set a $28.00 price objective on shares of Dicks Sporting Goods in a research note on Friday, November 3rd. Bank of America decreased their target price on Dicks Sporting Goods from $35.00 to $30.00 and set a neutral rating on the stock in a report on Wednesday, November 15th. Citigroup decreased their target price on Dicks Sporting Goods from $30.00 to $28.00 and set a neutral rating on the stock in a report on Thursday, November 16th. Susquehanna Bancshares decreased their target price on Dicks Sporting Goods from $30.00 to $27.00 and set a neutral rating on the stock in a report on Friday, November 10th. Finally, MKM Partners decreased their price objective on Dicks Sporting Goods from $30.00 to $25.00 and set an overweight rating on the stock in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $32.00.

Shares of Dicks Sporting Goods (NYSE DKS) opened at $31.03 on Wednesday. Dicks Sporting Goods has a 12 month low of $23.88 and a 12 month high of $56.03. The stock has a market capitalization of $3,330.00, a P/E ratio of 11.45, a PEG ratio of 1.65 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. research analysts forecast that Dicks Sporting Goods will post 2.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.19%. Dicks Sporting Goods’s dividend payout ratio (DPR) is 25.09%.

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Dicks Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after acquiring an additional 653 shares during the last quarter. HPM Partners LLC bought a new position in shares of Dicks Sporting Goods during the second quarter worth about $272,000. Toronto Dominion Bank raised its position in shares of Dicks Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after acquiring an additional 2,927 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in Dicks Sporting Goods during the third quarter worth approximately $132,000. Finally, Nordea Investment Management AB grew its stake in Dicks Sporting Goods by 0.5% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after purchasing an additional 26 shares during the period. Institutional investors own 72.81% of the company’s stock.

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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.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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