Equities analysts expect that Dick’s Sporting Goods Inc (NYSE:DKS) will post $1.89 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for Dick’s Sporting Goods’ earnings. The lowest sales estimate is $1.82 billion and the highest is $1.92 billion. Dick’s Sporting Goods reported sales of $1.81 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 21st.

On average, analysts expect that Dick’s Sporting Goods will report full-year sales of $1.89 billion for the current year, with estimates ranging from $8.37 billion to $8.63 billion. For the next year, analysts forecast that the firm will post sales of $8.74 billion per share, with estimates ranging from $8.52 billion to $9.03 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Dick’s Sporting Goods.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.04). Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business posted $0.82 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis.

Several brokerages recently commented on DKS. Wells Fargo & Company set a $29.00 target price on shares of Dick’s Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, October 11th. Cowen and Company reiterated a “hold” rating and issued a $28.00 target price on shares of Dick’s Sporting Goods in a report on Thursday, September 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Dick’s Sporting Goods in a report on Thursday, September 14th. ValuEngine downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Dick’s Sporting Goods in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.73.

Dick’s Sporting Goods (DKS) opened at 26.67 on Friday. The stock’s 50 day moving average is $26.83 and its 200 day moving average is $37.08. The company has a market cap of $2.92 billion, a PE ratio of 9.57 and a beta of 0.51. Dick’s Sporting Goods has a 12 month low of $24.52 and a 12 month high of $62.88.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is presently 24.29%.

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In related news, Director William J. Colombo bought 20,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the purchase, the director now owns 323,224 shares in the company, valued at approximately $8,484,630. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 23.09% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DKS. BlackRock Inc. raised its stake in shares of Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after acquiring an additional 8,230,087 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Dick’s Sporting Goods by 263.8% in the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after acquiring an additional 4,085,414 shares during the last quarter. Northern Trust Corp raised its stake in shares of Dick’s Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after acquiring an additional 1,339,379 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in shares of Dick’s Sporting Goods by 1,173.1% in the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after acquiring an additional 961,955 shares during the last quarter. Finally, Samlyn Capital LLC raised its stake in shares of Dick’s Sporting Goods by 856.5% in the second quarter. Samlyn Capital LLC now owns 672,321 shares of the sporting goods retailer’s stock worth $26,779,000 after acquiring an additional 602,029 shares during the last quarter. 77.61% of the stock is owned by institutional investors.

Dick’s Sporting Goods Company Profile

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.

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

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