Susquehanna Bancshares lowered the price target of the stock on November 10 cutting the projection from $30.00 to $27.00 and issued a "Neutral" rating.
Several other brokerages have also recently issued reports on DKS. Oregon Public Employees Retirement Fund owned about 0.06% of Dick's Sporting Goods worth $1,910,000 at the end of the most recent reporting period. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.00 by ($0.04). Wedbush restated an "outperform" rating and set a $65.00 target price on shares of Dick's Sporting Goods in a research report on Wednesday, December 28th.
The company reported a 25 percent profit drop during the third quarter to $36.9 million, or 35 cents per share. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have assigned a buy rating to the stock. They issued a "buy" rating and a $45.00 target price for the company. (NYSE:DKS) traded down -1.97% in the last session while performance was up 26.32% in the last five days.
On November 3 Cowen and Company made no change to the stock rating of "Hold" projecting a price of $28.00. Current price places the company's stock 34.21% away from its 200-day simple moving average, 15.2%, away from the 50-day average and also 8.14% away from 20-day average. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.24 and a current ratio of 1.51. Investment Counselors of Maryland LLC grew its position in Dick's Sporting Goods by 1.1% in the second quarter. However, it still came in above Wall Street's earnings per share estimate of 26 cents for the quarter, but wasn't enough to save DKS stock. Dick's Sporting Goods had a net margin of 4.25% and a return on equity of 18.15%. The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the previous year, the business earned $0.48 EPS.
Looking ahead, DKS forecast Q4 EPS of $1.12 to $1.24, which would beat the $1.11 per share that analysts are looking for.
ILLEGAL ACTIVITY NOTICE: This article was published by BBNS and is the property of of BBNS. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & worldwide trademark & copyright legislation. Zacks Investment Research raised shares of Dick's Sporting Goods from a "sell" rating to a "hold" rating in a research report on Tuesday, July 18th. Shareholders of record on Friday, December 8th will be given a $0.17 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.16%. Dick's Sporting Goods's payout ratio is now 24.29%.
In other Dick's Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average cost of $26.25 per share, with a total value of $525,000.00.
The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -32.59%, and has a solid year to date (YTD) performance of -50.43% which means that the stock is constantly adding to its value from the previous fiscal year end price. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 22.96% of the company's stock. Manning & Napier Advisors LLC now controls 178,750 shares valued at $4,828,000. Capstone Asset Management Co. lifted its stake in Dick's Sporting Goods by 2.7% in the second quarter. The sporting goods retailer notes that its same stores sales for the quarter were down nearly 1% when compared to the same time a year ago. Northern Trust Corp lifted its position in Dick's Sporting Goods by 54.6% in the second quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer's stock worth $457,000 after acquiring an additional 300 shares in the last quarter.
Consolidated same store sales are now expected to decline in the low single-digits in the fourth quarter of 2017, compared to an increase of 5.0 percent in the fourth quarter of 2016.
The company now has an insider ownership of 0.6 Percent and Institutional ownership of 0 Percent.
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.