Dicks Sporting Goods (DKS) Shares Gap Down to $34.15

Dicks Sporting Goods Inc (NYSE:DKS)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $35.24, but opened at $34.15. Dicks Sporting Goods shares last traded at $33.30, with a volume of 2106396 shares changing hands.

Several brokerages have recently issued reports on DKS. Citigroup lowered Dicks Sporting Goods from a “buy” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research note on Monday, December 3rd. ValuEngine upgraded Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Royal Bank of Canada boosted their price objective on Dicks Sporting Goods to $38.00 and gave the stock a “market perform” rating in a research report on Thursday, November 29th. Argus boosted their price objective on Dicks Sporting Goods from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, December 11th. Finally, TheStreet upgraded Dicks Sporting Goods from a “c+” rating to a “b-” rating in a research report on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have issued a buy rating to the company. Dicks Sporting Goods presently has an average rating of “Hold” and an average target price of $40.30.

The firm has a market capitalization of $3.36 billion, a P/E ratio of 11.08, a PEG ratio of 1.70 and a beta of 0.47. The company has a quick ratio of 0.19, a current ratio of 1.61 and a debt-to-equity ratio of 0.24.

Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, November 28th. The sporting goods retailer reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.13. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.88 billion. Dicks Sporting Goods had a return on equity of 18.10% and a net margin of 3.87%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. As a group, equities research analysts predict that Dicks Sporting Goods Inc will post 3.23 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, December 13th. Dicks Sporting Goods’s payout ratio is presently 29.90%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Clearbridge Investments LLC lifted its holdings in Dicks Sporting Goods by 194.2% during the 3rd quarter. Clearbridge Investments LLC now owns 46,449 shares of the sporting goods retailer’s stock worth $1,648,000 after buying an additional 30,659 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of Dicks Sporting Goods by 3.1% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 80,800 shares of the sporting goods retailer’s stock valued at $2,867,000 after purchasing an additional 2,400 shares during the period. AQR Capital Management LLC lifted its stake in shares of Dicks Sporting Goods by 131.9% in the 3rd quarter. AQR Capital Management LLC now owns 444,777 shares of the sporting goods retailer’s stock valued at $15,781,000 after purchasing an additional 252,951 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Dicks Sporting Goods by 219.4% in the 3rd quarter. Macquarie Group Ltd. now owns 51,100 shares of the sporting goods retailer’s stock valued at $1,813,000 after purchasing an additional 35,100 shares during the period. Finally, Vident Investment Advisory LLC lifted its stake in shares of Dicks Sporting Goods by 116.1% in the 3rd quarter. Vident Investment Advisory LLC now owns 36,631 shares of the sporting goods retailer’s stock valued at $1,300,000 after purchasing an additional 19,678 shares during the period. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

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Dicks Sporting Goods Company Profile (NYSE:DKS)

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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