Dicks Sporting Goods (NYSE:DKS) released its quarterly earnings results on Tuesday. The sporting goods retailer reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.02, Morningstar.com reports. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.73 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.32 earnings per share. Dicks Sporting Goods updated its FY19 guidance to $2.80-3.00 EPS.
Shares of Dicks Sporting Goods (NYSE DKS) opened at $32.56 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. The firm has a market cap of $3,428.30, a P/E ratio of 10.23, a P/E/G ratio of 1.87 and a beta of 0.56. Dicks Sporting Goods has a 12 month low of $23.88 and a 12 month high of $52.31.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, March 8th. Dicks Sporting Goods’s payout ratio is 33.21%.
A number of equities analysts have commented on the stock. Canaccord Genuity set a $33.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a research report on Friday. Wedbush restated a “neutral” rating and issued a $32.00 price target (up from $28.00) on shares of Dicks Sporting Goods in a research report on Wednesday, March 7th. BMO Capital Markets set a $40.00 price target on shares of Dicks Sporting Goods and gave the company a “buy” rating in a research report on Thursday, January 11th. MKM Partners reduced their price target on shares of Dicks Sporting Goods from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 15th. Finally, Bank of America reduced their price target on shares of Dicks Sporting Goods from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.96.
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About Dicks 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.
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