Dicks Sporting Goods Inc (NYSE:DKS) – Wedbush lifted their Q3 2019 EPS estimates for shares of Dicks Sporting Goods in a research note issued on Tuesday, November 20th. Wedbush analyst C. Svezia now forecasts that the sporting goods retailer will post earnings of $0.28 per share for the quarter, up from their prior estimate of $0.24. Wedbush has a “Neutral” rating and a $38.00 price objective on the stock. Wedbush also issued estimates for Dicks Sporting Goods’ FY2019 earnings at $3.19 EPS.

A number of other equities research analysts have also issued reports on the company. ValuEngine lowered Dicks Sporting Goods from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley increased their price target on Dicks Sporting Goods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 11th. Zacks Investment Research lowered Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Credit Suisse Group set a $35.00 price target on Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, August 29th. Finally, Wells Fargo & Co cut their price target on Dicks Sporting Goods from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $39.32.

Shares of DKS stock opened at $34.38 on Wednesday. Dicks Sporting Goods has a 52-week low of $26.71 and a 52-week high of $39.75. The company has a quick ratio of 0.24, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 1.61 and a beta of 0.35.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, August 29th. The sporting goods retailer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.24 billion. Dicks Sporting Goods had a return on equity of 17.72% and a net margin of 3.82%. Dicks Sporting Goods’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. boosted its holdings in shares of Dicks Sporting Goods by 1,041.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,220 shares of the sporting goods retailer’s stock valued at $114,000 after purchasing an additional 2,938 shares during the last quarter. Global X Management Co LLC boosted its holdings in shares of Dicks Sporting Goods by 55.1% during the 2nd quarter. Global X Management Co LLC now owns 5,310 shares of the sporting goods retailer’s stock valued at $187,000 after purchasing an additional 1,886 shares during the last quarter. Highlander Capital Management LLC bought a new position in shares of Dicks Sporting Goods during the 2nd quarter valued at about $194,000. Bridgewater Associates LP bought a new position in shares of Dicks Sporting Goods during the 2nd quarter valued at about $201,000. Finally, P.A.W. Capital Corp bought a new position in shares of Dicks Sporting Goods during the 2nd quarter valued at about $212,000. 81.06% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Dicks Sporting Goods (NYSE:DKS)

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