Dicks Sporting Goods Inc (NYSE:DKS) – Analysts at Wedbush increased their FY2019 earnings per share estimates for Dicks Sporting Goods in a note issued to investors on Thursday, November 29th. Wedbush analyst C. Svezia now anticipates that the sporting goods retailer will post earnings of $3.23 per share for the year, up from their previous estimate of $3.19. Wedbush currently has a “Neutral” rating and a $38.00 price target on the stock. Wedbush also issued estimates for Dicks Sporting Goods’ Q4 2019 earnings at $1.06 EPS and FY2020 earnings at $3.50 EPS.
A number of other research firms have also recently issued reports on DKS. Citigroup cut their price objective on shares of Dicks Sporting Goods from $41.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. JPMorgan Chase & Co. cut shares of Dicks Sporting Goods from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $46.00 to $41.00 in a research report on Thursday. ValuEngine cut shares of Dicks Sporting Goods from a “hold” rating to a “sell” rating in a research report on Wednesday, November 21st. Morgan Stanley raised their price target on shares of Dicks Sporting Goods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, October 11th. Finally, Wells Fargo & Co dropped their price target on shares of Dicks Sporting Goods from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.50.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.13. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Dicks Sporting Goods had a net margin of 3.87% and a return on equity of 18.10%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.90 annualized dividend and a yield of 2.50%. Dicks Sporting Goods’s dividend payout ratio (DPR) is 29.90%.
A number of large investors have recently bought and sold shares of DKS. Principal Financial Group Inc. increased its stake in Dicks Sporting Goods by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 365,486 shares of the sporting goods retailer’s stock valued at $12,810,000 after buying an additional 11,315 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Dicks Sporting Goods in the 2nd quarter valued at about $1,211,000. Aperio Group LLC increased its stake in Dicks Sporting Goods by 55.7% in the 2nd quarter. Aperio Group LLC now owns 118,752 shares of the sporting goods retailer’s stock valued at $4,186,000 after buying an additional 42,505 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Dicks Sporting Goods in the 2nd quarter valued at about $1,327,000. Finally, ICM Asset Management Inc. WA purchased a new stake in Dicks Sporting Goods in the 2nd quarter valued at about $1,350,000. Hedge funds and other institutional investors own 81.06% 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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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