Analysts expect Dicks Sporting Goods Inc (NYSE:DKS) to announce earnings of $1.07 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Dicks Sporting Goods’ earnings, with the highest EPS estimate coming in at $1.17 and the lowest estimate coming in at $1.03. Dicks Sporting Goods posted earnings per share of $1.22 in the same quarter last year, which indicates a negative year over year growth rate of 12.3%. The company is expected to announce its next earnings results on Tuesday, March 12th.
On average, analysts expect that Dicks Sporting Goods will report full year earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.10 to $3.32. For the next financial year, analysts forecast that the business will post earnings of $3.37 per share, with EPS estimates ranging from $3.07 to $3.58. Zacks’ 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 announced its earnings results on Wednesday, November 28th. The sporting goods retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. Dicks Sporting Goods had a return on equity of 18.10% and a net margin of 3.87%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business posted $0.30 EPS. Dicks Sporting Goods’s revenue for the quarter was down 4.5% on a year-over-year basis.
A number of brokerages recently commented on DKS. TheStreet upgraded Dicks Sporting Goods from a “c+” rating to a “b-” rating in a report on Wednesday, November 28th. Stifel Nicolaus restated a “hold” rating and set a $34.00 target price on shares of Dicks Sporting Goods in a report on Monday, November 26th. ValuEngine upgraded Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Raymond James reiterated a “hold” rating on shares of Dicks Sporting Goods in a research note on Sunday. Finally, Robert W. Baird lifted their price objective on Dicks Sporting Goods from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.50.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Clearbridge Investments LLC raised its position in shares of Dicks Sporting Goods by 194.2% during the 3rd quarter. Clearbridge Investments LLC now owns 46,449 shares of the sporting goods retailer’s stock worth $1,648,000 after acquiring an additional 30,659 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Dicks Sporting Goods by 3.1% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 80,800 shares of the sporting goods retailer’s stock worth $2,867,000 after acquiring an additional 2,400 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Dicks Sporting Goods by 131.9% during the 3rd quarter. AQR Capital Management LLC now owns 444,777 shares of the sporting goods retailer’s stock worth $15,781,000 after acquiring an additional 252,951 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Dicks Sporting Goods by 219.4% during the 3rd quarter. Macquarie Group Ltd. now owns 51,100 shares of the sporting goods retailer’s stock worth $1,813,000 after acquiring an additional 35,100 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its position in shares of Dicks Sporting Goods by 116.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 36,631 shares of the sporting goods retailer’s stock worth $1,300,000 after acquiring an additional 19,678 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.
Dicks Sporting Goods stock traded down $0.63 during midday trading on Thursday, reaching $35.71. 2,902,971 shares of the stock traded hands, compared to its average volume of 3,126,077. Dicks Sporting Goods has a 12-month low of $28.73 and a 12-month high of $39.75. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.81 and a beta of 0.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.61 and a quick ratio of 0.19.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Thursday, December 13th. Dicks Sporting Goods’s payout ratio is presently 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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