Brokerages expect Dicks Sporting Goods Inc (NYSE:DKS) to post earnings of $1.21 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Dicks Sporting Goods’ earnings. The lowest EPS estimate is $1.16 and the highest is $1.25. Dicks Sporting Goods posted earnings per share of $1.20 during the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The business is scheduled to announce its next earnings report before the market opens on Thursday, August 22nd.
According to Zacks, analysts expect that Dicks Sporting Goods will report full year earnings of $3.33 per share for the current fiscal year, with EPS estimates ranging from $3.28 to $3.40. For the next fiscal year, analysts expect that the company will report earnings of $3.46 per share, with EPS estimates ranging from $3.38 to $3.60. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 29th. The sporting goods retailer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Dicks Sporting Goods had a return on equity of 16.95% and a net margin of 3.76%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company’s revenue was up .6% compared to the same quarter last year.
A number of brokerages have recently commented on DKS. Zacks Investment Research upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, July 1st. Bank of America set a $40.00 target price on Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Thursday, May 30th. TheStreet downgraded Dicks Sporting Goods from a “b” rating to a “c+” rating in a research note on Thursday, June 20th. ValuEngine downgraded Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, Goldman Sachs Group began coverage on Dicks Sporting Goods in a research note on Thursday, July 11th. They issued a “neutral” rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.00.
Shares of DKS traded down $0.98 during mid-day trading on Thursday, reaching $31.48. The company had a trading volume of 1,873,297 shares, compared to its average volume of 2,267,029. Dicks Sporting Goods has a 52-week low of $29.69 and a 52-week high of $41.21. The company has a quick ratio of 0.16, a current ratio of 1.31 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $2.96 billion, a P/E ratio of 9.72, a PEG ratio of 1.78 and a beta of 0.57. The stock has a 50 day moving average of $35.60 and a two-hundred day moving average of $36.40.
Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Dicks Sporting Goods by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,810,276 shares of the sporting goods retailer’s stock worth $150,081,000 after purchasing an additional 437,629 shares in the last quarter. FMR LLC raised its holdings in Dicks Sporting Goods by 6.0% in the fourth quarter. FMR LLC now owns 1,080,575 shares of the sporting goods retailer’s stock worth $33,713,000 after purchasing an additional 61,114 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Dicks Sporting Goods by 40.8% in the first quarter. Meeder Asset Management Inc. now owns 2,322 shares of the sporting goods retailer’s stock worth $86,000 after purchasing an additional 673 shares in the last quarter. Ronna Sue Cohen raised its holdings in Dicks Sporting Goods by 3,581.0% in the first quarter. Ronna Sue Cohen now owns 340,124 shares of the sporting goods retailer’s stock worth $340,000 after purchasing an additional 330,884 shares in the last quarter. Finally, Investors Research Corp bought a new position in Dicks Sporting Goods in the first quarter worth $63,000. Institutional investors and hedge funds own 83.25% of the company’s stock.
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 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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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