Dick’s Sporting Goods Inc (NYSE:DKS) – Equities researchers at Wedbush reduced their Q3 2018 earnings per share (EPS) estimates for shares of Dick’s Sporting Goods in a note issued to investors on Thursday. Wedbush analyst C. Svezia now forecasts that the sporting goods retailer will post earnings of $0.26 per share for the quarter, down from their previous estimate of $0.27. Wedbush currently has a “Neutral” rating and a $29.00 price target on the stock. Wedbush also issued estimates for Dick’s Sporting Goods’ Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $2.87 EPS, Q2 2019 earnings at $0.91 EPS, Q3 2019 earnings at $0.30 EPS and Q4 2019 earnings at $1.20 EPS.
DKS has been the subject of several other research reports. BidaskClub lowered shares of Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Wells Fargo & Company set a $29.00 price objective on shares of Dick’s Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Cowen and Company reaffirmed a “hold” rating and set a $28.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, September 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $37.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, November 2nd. Finally, Zacks Investment Research cut shares of Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Four investment 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 a consensus rating of “Hold” and a consensus target price of $36.12.
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Dick’s Sporting Goods (NYSE DKS) traded down $0.53 during trading hours on Monday, reaching $26.32. 5,387,500 shares of the company traded hands, compared to its average volume of 2,883,042. Dick’s Sporting Goods has a 52-week low of $23.88 and a 52-week high of $62.88. 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 (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business posted $0.48 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning grew its position in shares of Dick’s Sporting Goods by 72.2% in the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after acquiring an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Dick’s Sporting Goods by 30.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after acquiring an additional 653 shares during the period. HPM Partners LLC bought a new position in shares of Dick’s Sporting Goods in the 2nd quarter valued at about $272,000. Toronto Dominion Bank grew its position in shares of Dick’s Sporting Goods by 169.2% in the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after acquiring an additional 2,927 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Dick’s Sporting Goods by 0.5% in the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares during the period. 75.92% of the stock is owned by institutional investors.
In other news, Director William J. Colombo acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $26.25 per share, with a total value of $525,000.00. Following the transaction, the director now directly owns 323,224 shares in the company, valued at approximately $8,484,630. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.09% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.58%. Dick’s Sporting Goods’s payout ratio is currently 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.
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