Equities Analysts Issue Forecasts for Dick’s Sporting Goods Inc’s Q1 2019 Earnings (DKS)

Dick’s Sporting Goods Inc (NYSE:DKS) – Investment analysts at Wedbush reduced their Q1 2019 EPS estimates for shares of Dick’s Sporting Goods in a research report issued to clients and investors on Tuesday. Wedbush analyst C. Svezia now anticipates that the sporting goods retailer will post earnings per share of $0.56 for the quarter, down from their previous estimate of $0.63. Wedbush currently has a “Neutral” rating and a $29.00 price target on the stock. Wedbush also issued estimates for Dick’s Sporting Goods’ Q2 2019 earnings at $1.04 EPS.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by $0.04. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Equities Analysts Issue Forecasts for Dick’s Sporting Goods Inc’s Q1 2019 Earnings (DKS)” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2017/08/18/equities-analysts-issue-forecasts-for-dicks-sporting-goods-incs-q1-2019-earnings-dks.html.

A number of other equities analysts also recently commented on the company. Bank of America Corporation restated a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Canaccord Genuity restated a “buy” rating and issued a $52.00 price objective on shares of Dick’s Sporting Goods in a report on Friday, July 21st. Telsey Advisory Group downgraded Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $52.00 to $40.00 in a report on Monday, July 24th. Cleveland Research downgraded Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $46.00 price objective (down from $55.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Four research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $43.74.

Dick’s Sporting Goods (NYSE:DKS) traded down 3.24% on Wednesday, hitting $26.84. The stock had a trading volume of 3,676,863 shares. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 9.63 and a beta of 0.47. Dick’s Sporting Goods has a one year low of $26.32 and a one year high of $62.88. The stock’s 50 day moving average is $36.40 and its 200 day moving average is $44.44.

Several hedge funds have recently made changes to their positions in DKS. Nordea Investment Management AB increased its stake in shares of Dick’s Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after buying an additional 26 shares during the period. Somerset Trust Co increased its stake in shares of Dick’s Sporting Goods by 0.4% in the second quarter. Somerset Trust Co now owns 7,233 shares of the sporting goods retailer’s stock valued at $288,000 after buying an additional 30 shares during the period. LS Investment Advisors LLC increased its stake in shares of Dick’s Sporting Goods by 0.3% in the first quarter. LS Investment Advisors LLC now owns 9,562 shares of the sporting goods retailer’s stock valued at $465,000 after buying an additional 31 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Dick’s Sporting Goods by 0.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 40,750 shares of the sporting goods retailer’s stock valued at $1,983,000 after buying an additional 130 shares during the period. Finally, US Bancorp DE increased its stake in shares of Dick’s Sporting Goods by 0.8% in the second quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock valued at $901,000 after buying an additional 174 shares during the period. 76.35% of the stock is currently owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.17 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.45%. Dick’s Sporting Goods’s payout ratio is 24.29%.

Dick’s Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Earnings History and Estimates for Dick`s Sporting Goods (NYSE:DKS)

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