Dick’s Sporting Goods Inc Commo (NYSE:DKS):
DICK’S Sporting Goods Announces Grand Opening Celebration in Reno, NV.
In the market the company is trading down from yesterday’s close of $60.42.
Additionally the company announced a dividend to be paid on Friday the 30th of September 2016. The dividend will be $0.150 per share for the quarter which comes to $0.60 on an annualized basis. This dividend amount will represent a yeild of $1.00. The ex-dividend date is Wednesday the 7th of September 2016.
The stock is trading at $59.00 which is marginally over $58.67, the stock’s 50 day moving average and just above the 200 day moving average of $48.89. The 50 day moving average went up $0.36 or +0.61% and the 200 day average went up $10.14 or +20.75%.
The company’s P/E ratio is 20.68 and the market value is 6.67B. In the latest earnings report the EPS was $2.86 and is projected to be $3.06 for the current year with 112,913,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.32 and the next full year EPS is anticipated to be $3.70.
Several Wall Street analysts have weighed in on the stock of late. On September 20 analysts at Guggenheim Securities began coverage of DKS with an initial rating of “Neutral”. On September 15 the stock rating was upgraded from “” to “Outperform” in an announcement from Oppenheimer.
August 30 investment analysts at Argus Research made no change to the stock rating of “” and raised the price target to $66.00 from $50.00. On August 17 BMO Capital held the stock rating at “Outperform” and raised the price expectation from $63.00 to $65.00.
On August 17 Deutsche Bank maintained a stock rating of “Buy” but raised the price target from $63.00 to $67.00. On August 17 Barclays kept the company rating at “Neutral” but raised the price expectation from $50.00 to $61.00.