Dicks Sporting Goods Inc (NYSE:DKS) – Analysts at Wedbush issued their Q1 2020 earnings per share estimates for shares of Dicks Sporting Goods in a research note issued on Wednesday, March 13th. Wedbush analyst C. Svezia anticipates 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.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, March 12th. The sporting goods retailer reported $1.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.07. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same period last year, the firm earned $1.22 earnings per share. The business’s quarterly revenue was down 5.7% on a year-over-year basis.

Several other brokerages have also recently issued reports on DKS. JPMorgan Chase & Co. cut Dicks Sporting Goods from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $41.00 in a report on Thursday, November 29th. Royal Bank of Canada lifted their target price on Dicks Sporting Goods to $38.00 and gave the stock a “market perform” rating in a report on Thursday, November 29th. Robert W. Baird lifted their target price on Dicks Sporting Goods from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, November 28th. They noted that the move was a valuation call. ValuEngine raised Dicks Sporting Goods from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Finally, Argus lifted their target price on Dicks Sporting Goods from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, December 11th. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.95.

Shares of DKS stock opened at $34.05 on Friday. Dicks Sporting Goods has a 12-month low of $29.69 and a 12-month high of $40.87. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $3.35 billion, a PE ratio of 10.51, a PEG ratio of 1.67 and a beta of 0.57.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.275 dividend. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.23%. Dicks Sporting Goods’s payout ratio is presently 27.78%.

Several hedge funds and other institutional investors have recently made changes to their positions in DKS. Norges Bank purchased a new stake in Dicks Sporting Goods during the fourth quarter worth $49,764,000. FMR LLC lifted its holdings in Dicks Sporting Goods by 6.0% during the fourth quarter. FMR LLC now owns 1,080,575 shares of the sporting goods retailer’s stock worth $33,713,000 after buying an additional 61,114 shares during the period. BW Gestao de Investimentos Ltda. purchased a new stake in Dicks Sporting Goods during the fourth quarter worth $370,000. HighPoint Advisor Group LLC lifted its holdings in Dicks Sporting Goods by 25.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 26,264 shares of the sporting goods retailer’s stock worth $994,000 after buying an additional 5,278 shares during the period. Finally, APG Asset Management N.V. lifted its holdings in Dicks Sporting Goods by 593.0% during the fourth quarter. APG Asset Management N.V. now owns 108,800 shares of the sporting goods retailer’s stock worth $2,969,000 after buying an additional 93,100 shares during the period. Hedge funds and other institutional investors own 81.47% of the company’s stock.

Dicks Sporting Goods Company Profile

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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