Dick’s Sporting Goods Inc (NYSE:DKS) – Investment analysts at Wedbush lowered their Q1 2019 earnings per share (EPS) estimates for Dick’s Sporting Goods in a note issued to investors on Tuesday. Wedbush analyst C. Svezia now expects that the sporting goods retailer will post earnings of $0.56 per share for the quarter, down from their previous estimate of $0.63. Wedbush has a “Neutral” rating and a $29.00 price objective on the stock. Wedbush also issued estimates for Dick’s Sporting Goods’ Q2 2019 earnings at $1.04 EPS.
A number of other equities research analysts have also recently issued reports on DKS. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Barclays PLC reiterated an “equal weight” rating and set a $46.00 target price (down previously from $50.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. B. Riley reiterated a “buy” rating and set a $58.00 target price on shares of Dick’s Sporting Goods in a research report on Monday, May 22nd. UBS AG cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 16th. Finally, Citigroup Inc. cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $44.29.
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Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the company earned $0.82 EPS. Dick’s Sporting Goods’s quarterly revenue was up 9.6% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its position in shares of 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. Gulf International Bank UK Ltd raised its position in shares of Dick’s Sporting Goods by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 31,233 shares of the sporting goods retailer’s stock worth $1,519,000 after buying an additional 200 shares during the last quarter. Bank of Montreal Can raised its position in shares of Dick’s Sporting Goods by 17.1% in the first quarter. Bank of Montreal Can now owns 70,827 shares of the sporting goods retailer’s stock worth $3,447,000 after buying an additional 10,366 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Dick’s Sporting Goods by 4.4% in the first quarter. Capstone Asset Management Co. now owns 11,162 shares of the sporting goods retailer’s stock worth $543,000 after buying an additional 470 shares during the last quarter. Finally, Atria Investments LLC raised its position in shares of Dick’s Sporting Goods by 13.2% in the first quarter. Atria Investments LLC now owns 5,951 shares of the sporting goods retailer’s stock worth $290,000 after buying an additional 695 shares during the last quarter. 76.35% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, September 7th. Dick’s Sporting Goods’s payout ratio is currently 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.
