TKO Group (NYSE:TKO) Given Buy Rating at BTIG Research

BTIG Research reiterated their buy rating on shares of TKO Group (NYSE:TKO) in a research report sent to investors on Tuesday morning,Benzinga reports. BTIG Research currently has a $235.00 price objective on the stock.

A number of other equities analysts have also recently weighed in on TKO. Arete Research upgraded TKO Group to a “hold” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. boosted their target price on shares of TKO Group from $182.00 to $212.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Bank of America upped their target price on shares of TKO Group from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, August 12th. Roth Capital lifted their price target on shares of TKO Group from $208.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Finally, UBS Group boosted their price objective on shares of TKO Group from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $222.23.

TKO Group Stock Up 1.0%

Shares of TKO Group stock opened at $186.68 on Tuesday. The company has a fifty day moving average price of $191.80 and a 200 day moving average price of $179.23. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. TKO Group has a twelve month low of $123.54 and a twelve month high of $212.49. The stock has a market cap of $37.02 billion, a price-to-earnings ratio of 77.14 and a beta of 0.72.

TKO Group (NYSE:TKO) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.11). TKO Group had a return on equity of 2.82% and a net margin of 5.40%.The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. TKO Group has set its FY 2025 guidance at EPS. Equities research analysts forecast that TKO Group will post 3.88 earnings per share for the current fiscal year.

TKO Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.76 per share. This is a positive change from TKO Group’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a yield of 1.6%. TKO Group’s payout ratio is currently 116.48%.

TKO Group declared that its Board of Directors has authorized a stock buyback program on Monday, September 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at TKO Group

In related news, Director Peter C. B. Bynoe purchased 740 shares of TKO Group stock in a transaction dated Tuesday, September 16th. The shares were acquired at an average price of $203.00 per share, with a total value of $150,220.00. Following the completion of the transaction, the director owned 5,187 shares of the company’s stock, valued at approximately $1,052,961. This trade represents a 16.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nick Khan sold 9,519 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $188.26, for a total value of $1,792,046.94. Following the completion of the sale, the director directly owned 118,504 shares of the company’s stock, valued at approximately $22,309,563.04. This represents a 7.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 28,557 shares of company stock worth $5,449,723. Company insiders own 61.30% of the company’s stock.

Institutional Investors Weigh In On TKO Group

Several institutional investors and hedge funds have recently made changes to their positions in TKO. Somerset Trust Co lifted its stake in TKO Group by 2.5% during the third quarter. Somerset Trust Co now owns 2,155 shares of the company’s stock valued at $435,000 after buying an additional 53 shares in the last quarter. CWM LLC boosted its holdings in shares of TKO Group by 7.3% in the third quarter. CWM LLC now owns 796 shares of the company’s stock worth $161,000 after buying an additional 54 shares during the period. Simon Quick Advisors LLC boosted its holdings in shares of TKO Group by 0.9% in the third quarter. Simon Quick Advisors LLC now owns 7,352 shares of the company’s stock worth $1,485,000 after buying an additional 62 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of TKO Group by 48.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the company’s stock worth $39,000 after acquiring an additional 63 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of TKO Group by 57.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 194 shares of the company’s stock valued at $38,000 after acquiring an additional 71 shares during the period. 89.79% of the stock is owned by institutional investors and hedge funds.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.