Dick’s Sporting Goods (DKS) Getting Somewhat Positive News Coverage, Study Finds
Media stories about Dick’s Sporting Goods (NYSE:DKS) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dick’s Sporting Goods earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the sporting goods retailer an impact score of 46.0325778482791 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- See what the IHS Markit Score report has to say about Dick’s Sporting Goods Inc. (finance.yahoo.com)
- Analyzing Golfsmith International Holdings (GOLF) & Dick’s Sporting Goods (DKS) (americanbankingnews.com)
- Dick’s Sporting Goods (DKS) Presents At Goldman Sachs 24th Annual Global Retailing Conference – Slideshow (seekingalpha.com)
- Dick’s Sporting Goods Inc (DKS) Ex-Dividend Date Scheduled for September 07, 2017 – Nasdaq (nasdaq.com)
- Earnings Review and Free Research Report: Dick’s Sporting Goods’ Revenue Grew 9.6%; EPS Jumped 26% (finance.yahoo.com)
DKS has been the subject of a number of analyst reports. Citigroup Inc. restated a “buy” rating and issued a $55.00 price target (down from $65.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Bank of America Corporation restated a “buy” rating and issued a $55.00 price target (down from $65.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. BMO Capital Markets set a $62.00 price target on Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Tuesday, May 16th. Stifel Nicolaus set a $54.00 price target on Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, B. Riley restated a “buy” rating and issued a $58.00 price target on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Four investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating to the stock. Dick’s Sporting Goods currently has a consensus rating of “Hold” and a consensus price target of $40.93.
Dick’s Sporting Goods (DKS) opened at 26.87 on Monday. Dick’s Sporting Goods has a one year low of $25.94 and a one year high of $62.88. The firm has a market capitalization of $2.94 billion, a PE ratio of 9.64 and a beta of 0.52. The firm has a 50-day moving average price of $31.42 and a 200 day moving average price of $41.78.
Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.04. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $0.82 earnings per share. Dick’s Sporting Goods’s revenue was up 9.6% on a year-over-year basis. Analysts anticipate that Dick’s Sporting Goods will post $2.90 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, September 7th. Dick’s Sporting Goods’s payout ratio is currently 24.29%.
In related news, Director William J. Colombo purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the acquisition, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.09% of the stock is owned by company insiders.
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Dick’s 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.
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