Wall Street analysts predict that Dicks Sporting Goods Inc (NYSE:DKS) will post $1.02 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Dicks Sporting Goods’ earnings, with estimates ranging from $0.91 to $1.10. Dicks Sporting Goods posted earnings per share of $0.96 during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The business is expected to report its next earnings results on Tuesday, August 21st.
On average, analysts expect that Dicks Sporting Goods will report full year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $2.93 to $3.19. For the next financial year, analysts expect that the company will report earnings of $3.21 per share, with EPS estimates ranging from $2.82 to $3.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, May 30th. The sporting goods retailer reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.14. Dicks Sporting Goods had a return on equity of 16.98% and a net margin of 3.75%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis.
DKS has been the topic of several recent research reports. Wedbush reissued a “neutral” rating and issued a $37.00 price target (up previously from $32.00) on shares of Dicks Sporting Goods in a research note on Thursday, May 31st. Citigroup lifted their price target on Dicks Sporting Goods from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, May 31st. Zacks Investment Research downgraded Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Deutsche Bank lifted their target price on Dicks Sporting Goods to $45.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. Finally, ValuEngine downgraded Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.32.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Dicks Sporting Goods by 1.3% during the first quarter. BlackRock Inc. now owns 7,031,950 shares of the sporting goods retailer’s stock worth $246,469,000 after purchasing an additional 87,300 shares during the period. Jafra Capital Management LP bought a new position in Dicks Sporting Goods during the fourth quarter worth about $862,000. Metropolitan Life Insurance Co. NY bought a new position in Dicks Sporting Goods during the fourth quarter worth about $765,000. Cambridge Investment Research Advisors Inc. bought a new position in Dicks Sporting Goods during the fourth quarter worth about $1,014,000. Finally, Centenus Global Management LP bought a new position in Dicks Sporting Goods during the fourth quarter worth about $1,293,000. Institutional investors and hedge funds own 72.06% of the company’s stock.
Shares of DKS traded up $0.46 during midday trading on Thursday, hitting $36.22. The stock had a trading volume of 137,828 shares, compared to its average volume of 4,451,961. Dicks Sporting Goods has a twelve month low of $23.88 and a twelve month high of $40.77. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 1.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.65 and a quick ratio of 0.24.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 8th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, June 7th. Dicks Sporting Goods’s payout ratio is currently 29.90%.
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 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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