Dicks Sporting Goods Inc (NYSE:DKS) – Wedbush issued their Q1 2020 earnings per share (EPS) estimates for Dicks Sporting Goods in a research report issued on Wednesday, March 13th. Wedbush analyst C. Svezia expects that the sporting goods retailer will earn $0.64 per share for the quarter. Wedbush also issued estimates for Dicks Sporting Goods’ Q2 2020 earnings at $1.18 EPS, Q3 2020 earnings at $0.38 EPS, Q4 2020 earnings at $1.09 EPS, FY2020 earnings at $3.28 EPS and FY2021 earnings at $3.45 EPS.
A number of other equities research analysts also recently weighed in on DKS. ValuEngine downgraded Dicks Sporting Goods from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $34.00 price target on shares of Dicks Sporting Goods in a research note on Monday, November 26th. Robert W. Baird raised their price target on Dicks Sporting Goods from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 28th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered Dicks Sporting Goods from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $46.00 to $41.00 in a report on Thursday, November 29th. Finally, Royal Bank of Canada increased their price objective on Dicks Sporting Goods to $38.00 and gave the company a “market perform” rating in a report on Thursday, November 29th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.95.
Shares of Dicks Sporting Goods stock opened at $34.98 on Friday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.67 and a beta of 0.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.41 and a quick ratio of 0.19. Dicks Sporting Goods has a 1 year low of $29.69 and a 1 year high of $40.87.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.48 billion. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Thursday, March 14th. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.23. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 27.78%.
Several large investors have recently made changes to their positions in DKS. Norges Bank acquired a new stake in shares of Dicks Sporting Goods during the 4th quarter worth approximately $49,764,000. Boston Partners grew its holdings in shares of Dicks Sporting Goods by 58.8% during the 4th quarter. Boston Partners now owns 3,324,592 shares of the sporting goods retailer’s stock worth $103,728,000 after purchasing an additional 1,230,592 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Dicks Sporting Goods by 74.8% during the 3rd quarter. Prudential Financial Inc. now owns 2,547,444 shares of the sporting goods retailer’s stock worth $90,384,000 after purchasing an additional 1,090,440 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Dicks Sporting Goods by 2,975.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 945,235 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 914,503 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Dicks Sporting Goods by 36.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,312,654 shares of the sporting goods retailer’s stock worth $117,532,000 after purchasing an additional 877,277 shares in the last quarter. 81.47% of the stock is currently owned by institutional investors.
About Dicks Sporting Goods
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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