Published On: Tue, Sep 20th, 2016

DTS’s (DTSI) “Market Perform” Rating Reaffirmed at William Blair

DTS Inc. (NASDAQ:DTSI)‘s stock had its “market perform” rating restated by William Blair in a research note issued to investors on Tuesday.
Several other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of DTS from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a report on Friday, August 12th. Barrington Research upped their price target on shares of DTS from $29.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. B. Riley reiterated a “buy” rating and set a $37.00 price target on shares of DTS in a report on Thursday, August 11th. JPMorgan Chase & Co. set a $29.00 price target on shares of DTS and gave the company a “hold” rating in a report on Tuesday, August 9th. Finally, Dougherty & Co upped their price target on shares of DTS from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $37.33.
Shares of DTS (NASDAQ:DTSI) traded up 23.22% during trading on Tuesday, hitting $42.30. 1,264,784 shares of the company’s stock were exchanged. The stock’s market cap is $743.13 million. DTS has a one year low of $19.62 and a one year high of $42.39. The firm has a 50-day moving average price of $32.54 and a 200-day moving average price of $26.30.

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DTS (NASDAQ:DTSI) last posted its earnings results on Monday, August 8th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The firm had revenue of $48.70 million for the quarter, compared to the consensus estimate of $44.61 million. DTS had a negative net margin of 6.37% and a positive return on equity of 8.90%. The business’s quarterly revenue was up 41.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. Equities research analysts expect that DTS will post $2.23 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, August 18th. DTS’s dividend payout ratio (DPR) is -13.11%.
Large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of DTS by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,248 shares of the company’s stock valued at $1,515,000 after buying an additional 1,020 shares during the last quarter. B. Riley Financial Inc. acquired a new stake in shares of DTS during the second quarter valued at $212,000. Arizona State Retirement System acquired a new stake in shares of DTS during the second quarter valued at $241,000. Westwood Holdings Group Inc. boosted its stake in shares of DTS by 11.4% in the second quarter. Westwood Holdings Group Inc. now owns 423,697 shares of the company’s stock valued at $11,207,000 after buying an additional 43,263 shares during the last quarter. Finally, Redmond Asset Management LLC acquired a new stake in shares of DTS during the second quarter valued at $409,000. 99.54% of the stock is owned by hedge funds and other institutional investors.
DTS Company Profile
DTS, Inc is an audio technology solutions provider for high-definition entertainment experiences. The Company’s audio solutions are designed to enable recording, delivery and playback of high-definition audio, and are included by licensee customers around the world into a range of consumer electronics devices, including televisions, personal computers (PCs), smartphones, tablets, digital media players (DMPs), set-top-boxes, soundbars, wireless speakers, video game consoles, Blu-ray Disc players, automotive audio systems, audio/video receivers (AVRs), digital versatile disc (DVD)-based products and home theater systems.

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