Dick’s Sporting Goods Inc (NYSE:DKS) – Equities researchers at Wedbush increased their FY2018 earnings estimates for Dick’s Sporting Goods in a research report issued to clients and investors on Wednesday. Wedbush analyst C. Svezia now forecasts that the sporting goods retailer will post earnings of $2.97 per share for the year, up from their prior forecast of $2.87. Wedbush currently has a “Neutral” rating and a $29.00 target price on the stock. Wedbush also issued estimates for Dick’s Sporting Goods’ Q4 2018 earnings at $1.17 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $1.18 EPS and FY2019 earnings at $2.40 EPS.
Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share.
Several other brokerages have also recently weighed in on DKS. Citigroup Inc. cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, August 16th. Wells Fargo & Company set a $29.00 target price on shares of Dick’s Sporting Goods and gave the company a “hold” rating in a report on Wednesday, October 11th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Dick’s Sporting Goods in a report on Thursday, August 24th. Monness Crespi & Hardt lowered shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Wednesday, August 16th. Finally, BMO Capital Markets dropped their price objective on shares of Dick’s Sporting Goods from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and seven 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 $33.12.
Shares of Dick’s Sporting Goods (DKS) opened at $28.80 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. Dick’s Sporting Goods has a one year low of $23.88 and a one year high of $62.80. The firm has a market cap of $3,149.71, a price-to-earnings ratio of 9.23, a P/E/G ratio of 1.49 and a beta of 0.48.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, December 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 25.09%.
In related news, Director William J. Colombo purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the acquisition, the director now owns 323,224 shares in the company, valued at approximately $8,484,630. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.09% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System grew its holdings in shares of Dick’s Sporting Goods by 8.1% in the third quarter. California Public Employees Retirement System now owns 226,195 shares of the sporting goods retailer’s stock worth $6,110,000 after purchasing an additional 16,895 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in Dick’s Sporting Goods during the 3rd quarter worth about $132,000. Cornerstone Capital Management Holdings LLC. grew its holdings in Dick’s Sporting Goods by 76.7% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 97,102 shares of the sporting goods retailer’s stock worth $2,622,000 after acquiring an additional 42,151 shares in the last quarter. Diversified Investment Strategies LLC grew its holdings in Dick’s Sporting Goods by 58.7% during the 3rd quarter. Diversified Investment Strategies LLC now owns 122,625 shares of the sporting goods retailer’s stock worth $3,312,000 after acquiring an additional 45,350 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Dick’s Sporting Goods by 37.2% during the third quarter. Asset Management One Co. Ltd. now owns 185,890 shares of the sporting goods retailer’s stock valued at $5,029,000 after buying an additional 50,383 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.
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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