Dick’s Sporting Goods Inc (NYSE:DKS) – Investment analysts at Forward View cut their Q3 2018 earnings per share estimates for shares of Dick’s Sporting Goods in a report issued on Wednesday. Forward View analyst N. Yates now forecasts that the sporting goods retailer will post earnings of $0.25 per share for the quarter, down from their prior estimate of $0.58. Forward View has a “Sell” rating on the stock. Forward View also issued estimates for Dick’s Sporting Goods’ Q4 2018 earnings at $1.06 EPS, FY2018 earnings at $2.81 EPS, Q2 2019 earnings at $0.90 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $1.06 EPS and FY2019 earnings at $2.70 EPS.

A number of other analysts have also commented on DKS. Stifel Nicolaus reissued an “outperform” rating and issued a $65.00 price objective on shares of Dick’s Sporting Goods in a research report on Sunday, April 23rd. Canaccord Genuity reissued a “buy” rating and issued a $67.00 price objective on shares of Dick’s Sporting Goods in a research report on Monday, May 8th. B. Riley reissued a “buy” rating and issued a $64.00 price objective on shares of Dick’s Sporting Goods in a research report on Friday, May 12th. Wedbush reissued an “outperform” rating and issued a $68.00 price objective on shares of Dick’s Sporting Goods in a research report on Sunday, May 14th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dick’s Sporting Goods in a research report on Saturday, May 13th. Four equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.74.

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Dick’s Sporting Goods (NYSE:DKS) traded down 2.05% on Friday, hitting $27.17. 2,271,836 shares of the stock were exchanged. Dick’s Sporting Goods has a one year low of $26.32 and a one year high of $62.88. The company has a 50 day moving average of $36.40 and a 200 day moving average of $44.44. The stock has a market capitalization of $2.94 billion, a P/E ratio of 9.75 and a beta of 0.47.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results 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. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.68 dividend on an annualized basis and a yield of 2.45%. Dick’s Sporting Goods’s payout ratio is 24.29%.

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its stake in Dick’s Sporting Goods by 21.7% in the second quarter. Advisory Services Network LLC now owns 5,229 shares of the sporting goods retailer’s stock worth $208,000 after buying an additional 931 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Dick’s Sporting Goods by 56.3% in the second quarter. Public Employees Retirement System of Ohio now owns 60,311 shares of the sporting goods retailer’s stock worth $2,402,000 after buying an additional 21,718 shares during the last quarter. Delphi Management Inc. MA bought a new stake in Dick’s Sporting Goods during the second quarter worth $1,874,000. Castleark Management LLC increased its stake in Dick’s Sporting Goods by 40.6% in the second quarter. Castleark Management LLC now owns 724,257 shares of the sporting goods retailer’s stock worth $28,847,000 after buying an additional 209,141 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Dick’s Sporting Goods by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 130,095 shares of the sporting goods retailer’s stock worth $5,182,000 after buying an additional 1,994 shares during the last quarter. Hedge funds and other institutional investors own 76.35% of the company’s stock.

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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