Dicks Sporting Goods (NYSE:DKS) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Dicks Sporting Goods (NYSE:DKS) released its quarterly earnings results on Thursday. The sporting goods retailer reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05, Morningstar.com reports. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.21 billion. Dicks Sporting Goods had a return on equity of 16.96% and a net margin of 3.64%. Dicks Sporting Goods’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. Dicks Sporting Goods updated its FY 2019 guidance to $3.30-3.45 EPS and its FY20 guidance to ~$3.30-3.45 EPS.

DKS stock opened at $32.37 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 1.73. Dicks Sporting Goods has a 52-week low of $29.69 and a 52-week high of $41.21. The stock’s 50 day moving average is $35.26 and its two-hundred day moving average is $36.28. The company has a market capitalization of $3.14 billion, a PE ratio of 10.23, a P/E/G ratio of 1.82 and a beta of 0.57.

Several equities research analysts have issued reports on the company. ValuEngine downgraded Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Bank of America set a $40.00 price objective on Dicks Sporting Goods and gave the stock a “hold” rating in a report on Thursday, May 30th. Goldman Sachs Group assumed coverage on Dicks Sporting Goods in a report on Thursday, July 11th. They set a “neutral” rating and a $38.00 price objective on the stock. TheStreet downgraded Dicks Sporting Goods from a “b” rating to a “c+” rating in a report on Thursday, June 20th. Finally, UBS Group lifted their price objective on Dicks Sporting Goods from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.80.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC bought a new stake in shares of Dicks Sporting Goods in the 2nd quarter valued at approximately $280,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Dicks Sporting Goods by 72.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,556 shares of the sporting goods retailer’s stock valued at $642,000 after acquiring an additional 7,802 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in shares of Dicks Sporting Goods by 10.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 46,566 shares of the sporting goods retailer’s stock valued at $1,613,000 after acquiring an additional 4,300 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Dicks Sporting Goods by 394.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 740,262 shares of the sporting goods retailer’s stock valued at $25,636,000 after acquiring an additional 590,644 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Dicks Sporting Goods by 77.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,198,994 shares of the sporting goods retailer’s stock valued at $76,151,000 after acquiring an additional 962,473 shares during the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Earnings History for Dicks Sporting Goods (NYSE:DKS)

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