Equities research analysts predict that Dicks Sporting Goods Inc (NYSE:DKS) will report $0.43 earnings per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Dicks Sporting Goods’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.28. Dicks Sporting Goods posted earnings of $0.54 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 20.4%. The company is expected to announce its next earnings report on Tuesday, May 15th.
On average, analysts expect that Dicks Sporting Goods will report full-year earnings of $2.91 per share for the current year, with EPS estimates ranging from $2.49 to $3.00. For the next financial year, analysts forecast that the company will report earnings of $3.10 per share, with EPS estimates ranging from $2.70 to $3.40. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. Dicks Sporting Goods had a return on equity of 16.86% and a net margin of 3.77%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the firm posted $1.32 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis.
A number of research firms recently weighed in on DKS. Canaccord Genuity set a $33.00 price target on Dicks Sporting Goods and gave the stock a “hold” rating in a report on Friday, March 9th. BMO Capital Markets set a $40.00 target price on Dicks Sporting Goods and gave the company a “buy” rating in a research note on Thursday, January 11th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 target price (up previously from $24.00) on shares of Dicks Sporting Goods in a research note on Thursday, March 15th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “hold” rating and issued a $34.00 target price on shares of Dicks Sporting Goods in a research note on Thursday, March 15th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $32.00 target price (up previously from $28.00) on shares of Dicks Sporting Goods in a research note on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.85.
NYSE DKS traded up $0.43 on Friday, hitting $31.95. 2,312,632 shares of the company’s stock were exchanged, compared to its average volume of 3,397,749. The company has a current ratio of 1.41, a quick ratio of 0.21 and a debt-to-equity ratio of 0.03. Dicks Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $52.31. The stock has a market capitalization of $3,453.01, a price-to-earnings ratio of 10.64, a PEG ratio of 1.13 and a beta of 0.50.
The company also recently disclosed 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 2.82%. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, March 8th. Dicks Sporting Goods’s dividend payout ratio is presently 29.90%.
Several hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Dicks Sporting Goods by 812.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,469,346 shares of the sporting goods retailer’s stock worth $70,969,000 after buying an additional 2,198,746 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Dicks Sporting Goods by 29.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,041,800 shares of the sporting goods retailer’s stock worth $58,681,000 after buying an additional 466,700 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dicks Sporting Goods by 58.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock worth $46,379,000 after buying an additional 636,186 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Dicks Sporting Goods by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,669,928 shares of the sporting goods retailer’s stock worth $47,995,000 after buying an additional 4,794 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its holdings in shares of Dicks Sporting Goods by 54.1% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,655,065 shares of the sporting goods retailer’s stock worth $47,567,000 after buying an additional 581,132 shares during the last quarter. Institutional investors and hedge funds own 71.31% of the company’s stock.
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About Dicks Sporting Goods
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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