Dick’s Sporting Goods Inc (NYSE:DKS) released its earnings results on Tuesday. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04, RTT News reports. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. Dick’s Sporting Goods’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. Dick’s Sporting Goods updated its Q4 guidance to $1.12-1.24 EPS.

Shares of Dick’s Sporting Goods (DKS) opened at $26.32 on Tuesday. The company has a market cap of $2,936.45, a P/E ratio of 8.14, a P/E/G ratio of 1.18 and a beta of 0.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.24 and a current ratio of 1.51. Dick’s Sporting Goods has a 52 week low of $23.88 and a 52 week high of $62.88.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.58%. Dick’s Sporting Goods’s payout ratio is currently 24.29%.

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DKS has been the topic of several recent analyst reports. Wells Fargo & Company set a $29.00 target price on shares of Dick’s Sporting Goods and gave the company a “hold” rating in a report on Wednesday, October 11th. ValuEngine lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Dick’s Sporting Goods in a report on Thursday, September 14th. Telsey Advisory Group lowered shares of 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 report on Monday, July 24th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $52.00 price objective on shares of Dick’s Sporting Goods in a report on Friday, July 21st. Four research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.12.

In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the purchase, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.09% of the company’s stock.

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.

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

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