Dick’s Sporting Goods Inc (NYSE:DKS) posted its quarterly earnings data on Tuesday. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04, Bloomberg Earnings reports. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Dick’s Sporting Goods updated its Q4 guidance to $1.12-1.24 EPS.
Shares of Dick’s Sporting Goods (DKS) traded down $0.53 during trading on Tuesday, hitting $26.32. The stock had a trading volume of 5,387,500 shares, compared to its average volume of 2,883,042. Dick’s Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $62.88. The stock has a market capitalization of $2,936.45, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 1.18 and a beta of 0.48. The company has a quick ratio of 0.24, a current ratio of 1.51 and a debt-to-equity ratio of 0.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. Dick’s Sporting Goods’s payout ratio is 24.29%.
In other Dick’s Sporting Goods news, Director William J. Colombo acquired 20,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the transaction, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.09% of the stock is owned by insiders.
A number of research analysts recently weighed in on the company. MKM Partners lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $47.00 to $30.00 in a research report on Tuesday, August 15th. Citigroup Inc. lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Wednesday, August 16th. Buckingham Research lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Wednesday, August 16th. Guggenheim reaffirmed a “neutral” rating on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Finally, BMO Capital Markets set a $37.00 price objective on Dick’s Sporting Goods and gave the company an “outperform” rating in a research report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $36.12.
About Dick’s Sporting Goods
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.
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