Dick’s Sporting Goods Inc (NYSE:DKS) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.12-1.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.11.
DKS has been the subject of a number of analyst reports. Cowen and Company cut Dick’s Sporting Goods from an outperform rating to a market perform rating and reduced their price target for the stock from $31.00 to $28.00 in a research report on Thursday, August 24th. Susquehanna Bancshares Inc cut their price objective on Dick’s Sporting Goods from $30.00 to $27.00 and set a neutral rating for the company in a research report on Friday. Credit Suisse Group set a $44.00 price objective on Dick’s Sporting Goods and gave the stock a hold rating in a research report on Monday, August 7th. BMO Capital Markets reissued an outperform rating on shares of Dick’s Sporting Goods in a research report on Thursday, September 14th. Finally, BidaskClub cut Dick’s Sporting Goods from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. 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. Dick’s Sporting Goods presently has an average rating of Hold and an average price target of $36.12.
Dick’s Sporting Goods Inc (NYSE DKS) opened at $26.32 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.24. The firm has a market capitalization of $2,936.45, a price-to-earnings ratio of 8.14, a PEG ratio of 1.18 and a beta of 0.48. Dick’s Sporting Goods Inc has a 12 month low of $23.88 and a 12 month high of $62.88.
Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. sell-side analysts forecast that Dick’s Sporting Goods Inc will post 2.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.58%. Dick’s Sporting Goods’s payout ratio is presently 24.29%.
In other Dick’s Sporting Goods news, Director William J. Colombo acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the purchase, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.09% of the company’s stock.
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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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