Dicks Sporting Goods (DKS) PT Set at $34.00 by Canaccord Genuity

Canaccord Genuity set a $34.00 price target on Dicks Sporting Goods (NYSE:DKS) in a research report released on Sunday morning. The firm currently has a hold rating on the sporting goods retailer’s stock.

A number of other analysts have also issued reports on the stock. Wells Fargo & Co set a $29.00 price objective on shares of Dicks Sporting Goods and gave the company a hold rating in a research note on Wednesday, October 11th. Citigroup upgraded shares of Dicks Sporting Goods from a neutral rating to a buy rating and lifted their price objective for the company from $28.00 to $35.00 in a research note on Tuesday, December 19th. BMO Capital Markets reiterated an outperform rating on shares of Dicks Sporting Goods in a research note on Thursday, September 14th. Royal Bank of Canada dropped their price objective on shares of Dicks Sporting Goods from $26.00 to $24.00 and set a sector perform rating on the stock in a research note on Wednesday, November 15th. Finally, Wolfe Research lowered shares of Dicks Sporting Goods from a peer perform rating to an underperform rating and set a $20.00 price objective on the stock. in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and eight have issued a buy rating to the stock. Dicks Sporting Goods presently has an average rating of Hold and a consensus price target of $32.28.

Shares of Dicks Sporting Goods (NYSE DKS) opened at $30.80 on Friday. The stock has a market cap of $3,310.00, a P/E ratio of 11.37, a PEG ratio of 1.69 and a beta of 0.56. Dicks Sporting Goods has a 12 month low of $23.88 and a 12 month high of $54.77. 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 posted its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. sell-side analysts forecast that Dicks Sporting Goods will post 2.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a $0.17 dividend. 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 2.21%. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 25.09%.

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Dicks Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after purchasing an additional 653 shares during the period. Toronto Dominion Bank boosted its holdings in Dicks Sporting Goods by 169.2% in the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after purchasing an additional 2,927 shares during the period. Valeo Financial Advisors LLC acquired a new position in Dicks Sporting Goods in the third quarter worth $132,000. Nordea Investment Management AB boosted its holdings in Dicks Sporting Goods by 0.5% in 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. Finally, QS Investors LLC boosted its holdings in Dicks Sporting Goods by 57,533.3% in the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock worth $207,000 after purchasing an additional 5,178 shares during the period. Institutional investors and hedge funds own 72.81% of the company’s stock.

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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.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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