News coverage about Dicks Sporting Goods (NYSE:DKS) has been trending somewhat negative recently, according to AlphaOne. AlphaOne, a unit of Accern, identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Dicks Sporting Goods earned a media sentiment score of -0.07 on AlphaOne’s scale. AlphaOne also assigned press coverage about the sporting goods retailer an impact score of 97 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Alpha One’s analysis:
- Dick’s New Strategy Starts With Trail Runners and Triathletes (finance.yahoo.com)
- Q1 2018 EPS Estimates for Dicks Sporting Goods Inc (DKS) Increased by Analyst (americanbankingnews.com)
- Under Amour: Get Ready for Disappointment? (finance.yahoo.com)
- Dicks Sporting Goods Inc (DKS) Expected to Post FY2018 Earnings of $3.72 Per Share (americanbankingnews.com)
- Dicks Sporting Goods (DKS) Earning Positive Media Coverage, Analysis Finds (americanbankingnews.com)
Several research analysts recently commented on DKS shares. Canaccord Genuity restated a “buy” rating and issued a $70.00 price target on shares of Dicks Sporting Goods in a report on Wednesday, December 28th. B. Riley restated a “buy” rating and issued a $64.00 price target on shares of Dicks Sporting Goods in a report on Saturday, March 11th. Zacks Investment Research upgraded shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, January 10th. Monness Crespi & Hardt cut their price target on shares of Dicks Sporting Goods from $66.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, March 8th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $65.00 price target (down previously from $70.00) on shares of Dicks Sporting Goods in a report on Friday, March 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $61.77.
Shares of Dicks Sporting Goods (NYSE:DKS) traded down 0.50% during trading on Friday, hitting $51.58. 1,395,392 shares of the stock traded hands. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 20.15 and a beta of 0.65. The firm’s 50-day moving average price is $49.04 and its 200-day moving average price is $53.66. Dicks Sporting Goods has a 52 week low of $37.96 and a 52 week high of $62.88.
Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, March 7th. The sporting goods retailer reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.02. Dicks Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities research analysts anticipate that Dicks Sporting Goods will post $3.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 10th were paid a $0.17 dividend. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $0.68 annualized dividend and a yield of 1.32%. Dicks Sporting Goods’s dividend payout ratio is presently 21.11%.
In other Dicks Sporting Goods news, Chairman Edward W. Stack sold 333,344 shares of the stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $47.47, for a total value of $15,823,839.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Emanuel Chirico sold 20,000 shares of the stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $48.73, for a total value of $974,600.00. Following the completion of the transaction, the director now directly owns 119,171 shares in the company, valued at approximately $5,807,202.83. The disclosure for this sale can be found here. Corporate insiders own 22.96% of the company’s stock.
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Dicks 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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