Dicks Sporting Goods Inc (DKS) Issues Q3 Earnings Guidance
Dicks Sporting Goods Inc (NYSE:DKS) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.38-0.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42, Analyst Ratings.Net reports. Dicks Sporting Goods also updated its FY15 guidance to $2.70-2.85 EPS.
A number of research firms have recently commented on DKS. Analysts at RBC Capital cut their price target on shares of Dicks Sporting Goods from $49.00 to $46.00 in a research note on Monday, August 11th. They now have a sector perform rating on the stock. On a related note, analysts at Morgan Stanley initiated coverage on shares of Dicks Sporting Goods in a research note on Tuesday, June 24th. They set an equal weight rating and a $50.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Dicks Sporting Goods in a research note on Monday, June 16th. Thirteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $52.19.
Dicks Sporting Goods Inc (NYSE:DKS) opened at 43.51 on Tuesday. Dicks Sporting Goods Inc has a one year low of $41.30 and a one year high of $58.87. The stock’s 50-day moving average is $44.02 and its 200-day moving average is $49.11. The company has a market cap of $5.336 billion and a P/E ratio of 15.67. Dicks Sporting Goods also was the target of some unusual options trading activity on Monday. Stock investors acquired 6,443 put options on the company. This is an increase of approximately 781% compared to the typical volume of 731 put options.
Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, August 19th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.02. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts expect that Dicks Sporting Goods Inc will post $2.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 5th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%.
DICK’S Sporting Goods, Inc is a sports and fitness specialty omni-channel retailer offering a range of brand name sporting goods equipment, apparel and footwear in a specialty store environment.
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