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.
A number of research firms recently weighed in on DKS. Canaccord Genuity set a $27.00 price target on Dick’s Sporting Goods and gave the stock a hold rating in a report on Sunday. Susquehanna Bancshares Inc lowered their price target on Dick’s Sporting Goods from $30.00 to $27.00 and set a neutral rating on the stock in a report on Friday. OTR Global cut Dick’s Sporting Goods to a neutral rating in a report on Monday, November 6th. Cowen and Company restated a hold rating and issued a $28.00 price target on shares of Dick’s Sporting Goods in a report on Friday, November 3rd. Finally, BMO Capital Markets restated a buy rating and issued a $37.00 price target on shares of Dick’s Sporting Goods in a report on Thursday, November 2nd. Four analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and four have given a buy rating to the company’s stock. Dick’s Sporting Goods presently has an average rating of Hold and a consensus price target of $36.12.
Dick’s Sporting Goods Inc (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 P/E/G ratio of 1.18 and a beta of 0.48. Dick’s Sporting Goods Inc has a 52-week low of $23.88 and a 52-week high of $62.88.
Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. analysts predict that Dick’s Sporting Goods Inc will post 2.88 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.58%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is presently 24.29%.
In related news, Director William J. Colombo acquired 20,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $26.25 per share, with a total value 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 approximately $8,484,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 23.09% of the company’s stock.
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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