Dicks Sporting Goods (DKS) Shares Gap Down to $30.75

Dicks Sporting Goods Inc (NYSE:DKS) shares gapped down prior to trading on Tuesday . The stock had previously closed at $31.41, but opened at $30.75. Dicks Sporting Goods shares last traded at $29.96, with a volume of 4770275 shares.

Several research analysts have recently issued reports on the company. BMO Capital Markets set a $40.00 price target on Dicks Sporting Goods and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity set a $34.00 price target on Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Sunday. Robert W. Baird restated a “hold” rating and issued a $32.00 price target on shares of Dicks Sporting Goods in a research report on Wednesday, January 3rd. Wells Fargo & Co upgraded Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $26.00 to $35.00 in a research report on Wednesday, January 3rd. Finally, ValuEngine lowered Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.60.

The stock has a market cap of $3,500.00, a P/E ratio of 11.37, a PEG ratio of 1.69 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 released its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts forecast that Dicks Sporting Goods Inc will post 2.97 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, December 7th. Dicks Sporting Goods’s dividend payout ratio is 25.09%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Dicks Sporting Goods by 30.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares during the period. Toronto Dominion Bank raised its stake in shares of Dicks Sporting Goods by 169.2% in the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after purchasing an additional 2,927 shares during the period. Valeo Financial Advisors LLC acquired a new stake in shares of Dicks Sporting Goods in the 3rd quarter valued at about $132,000. Nordea Investment Management AB raised its stake in shares of Dicks Sporting Goods by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after purchasing an additional 26 shares during the period. Finally, QS Investors LLC raised its stake in shares of Dicks Sporting Goods by 57,533.3% in the 2nd quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after purchasing an additional 5,178 shares during the period. 72.81% of the stock is currently owned by hedge funds and other institutional investors.

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About Dicks 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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