Dicks Sporting Goods Inc (NYSE:DKS) – Research analysts at Oppenheimer issued their Q1 2019 earnings estimates for Dicks Sporting Goods in a report issued on Tuesday, March 13th, Zacks Investment Research reports. Oppenheimer analyst B. Nagel expects that the sporting goods retailer will post earnings per share of $0.42 for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Dicks Sporting Goods’ Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $1.31 EPS, FY2019 earnings at $2.83 EPS and FY2020 earnings at $2.70 EPS.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.02. Dicks Sporting Goods had a net margin of 3.77% and a return on equity of 16.86%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business earned $1.32 EPS. Dicks Sporting Goods’s quarterly revenue was up 6.5% on a year-over-year basis.
DKS has been the topic of a number of other research reports. UBS upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “positive” rating in a research note on Tuesday, January 23rd. Susquehanna Bancshares upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “positive” rating and upped their price target for the company from $25.00 to $41.00 in a research note on Tuesday, January 23rd. ValuEngine lowered shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Canaccord Genuity set a $34.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a research note on Sunday, January 7th. Finally, Wells Fargo upgraded shares of Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $26.00 to $35.00 in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.85.
DKS traded down $1.81 on Thursday, reaching $33.76. The company had a trading volume of 3,226,774 shares, compared to its average volume of 4,386,192. Dicks Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $52.31. The firm has a market cap of $3,625.93, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.18 and a beta of 0.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.21 and a current ratio of 1.41.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 9th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, March 8th. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.17. Dicks Sporting Goods’s dividend payout ratio is 29.90%.
Several institutional investors have recently modified their holdings of DKS. First Trust Advisors LP lifted its holdings in shares of Dicks Sporting Goods by 52.3% during the 3rd quarter. First Trust Advisors LP now owns 186,391 shares of the sporting goods retailer’s stock worth $5,034,000 after acquiring an additional 63,969 shares during the period. Aperio Group LLC lifted its stake in Dicks Sporting Goods by 94.2% in the 3rd quarter. Aperio Group LLC now owns 63,999 shares of the sporting goods retailer’s stock valued at $1,729,000 after purchasing an additional 31,038 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Dicks Sporting Goods in the 3rd quarter valued at approximately $327,000. State of Wisconsin Investment Board lifted its stake in Dicks Sporting Goods by 5.5% in the 3rd quarter. State of Wisconsin Investment Board now owns 79,864 shares of the sporting goods retailer’s stock valued at $2,157,000 after purchasing an additional 4,135 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its stake in Dicks Sporting Goods by 25.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 123,098 shares of the sporting goods retailer’s stock valued at $3,325,000 after purchasing an additional 25,000 shares during the last quarter. 71.29% of the stock is owned by institutional investors.
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Dicks Sporting Goods Company Profile
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. The company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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