Dick’s Sporting Goods Inc (NYSE:DKS) – Wedbush reduced their Q3 2018 earnings estimates for shares of Dick’s Sporting Goods in a research report issued to clients and investors on Wednesday. Wedbush analyst C. Svezia now forecasts that the sporting goods retailer will earn $0.52 per share for the quarter, down from their prior estimate of $0.56. Wedbush has a “Outperform” rating and a $51.00 price objective on the stock. Wedbush also issued estimates for Dick’s Sporting Goods’ Q4 2018 earnings at $1.47 EPS, FY2018 earnings at $3.55 EPS, Q1 2019 earnings at $0.63 EPS, Q2 2019 earnings at $1.14 EPS, Q3 2019 earnings at $0.58 EPS, Q4 2019 earnings at $1.58 EPS and FY2019 earnings at $3.92 EPS.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub cut Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Wolfe Research cut Dick’s Sporting Goods from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. Telsey Advisory Group cut Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $52.00 to $40.00 in a research note on Monday. Finally, Canaccord Genuity restated a “buy” rating and set a $52.00 price objective on shares of Dick’s Sporting Goods in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.92.

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Shares of Dick’s Sporting Goods (DKS) traded up 1.41% during trading on Thursday, reaching $36.72. 1,352,748 shares of the company were exchanged. The company has a market capitalization of $4.13 billion, a PE ratio of 14.22 and a beta of 0.48. The firm’s 50 day moving average price is $38.68 and its 200 day moving average price is $46.40. Dick’s Sporting Goods has a one year low of $34.55 and a one year high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the company earned $0.50 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year.

A number of hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its stake in Dick’s Sporting Goods by 69.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 437,486 shares of the sporting goods retailer’s stock worth $23,231,000 after buying an additional 179,276 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in Dick’s Sporting Goods during the fourth quarter worth $2,680,000. Macquarie Group Ltd. increased its stake in Dick’s Sporting Goods by 11.5% in the fourth quarter. Macquarie Group Ltd. now owns 51,353 shares of the sporting goods retailer’s stock worth $2,727,000 after buying an additional 5,289 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in Dick’s Sporting Goods by 232.1% in the first quarter. Integrated Investment Consultants LLC now owns 3,487 shares of the sporting goods retailer’s stock worth $170,000 after buying an additional 2,437 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in Dick’s Sporting Goods during the first quarter worth $3,989,000. Institutional investors own 78.91% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were given a $0.17 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.88%. Dick’s Sporting Goods’s payout ratio is 26.25%.

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.

Earnings History and Estimates for Dick`s Sporting Goods (NYSE:DKS)

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