$ 1.82 in earnings per share expected for DICK’S Sporting Goods, Inc. (NYSE: DKS) this quarter

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Stock analysts expect DICK’S Sporting Goods, Inc. (NYSE: DKS) to post earnings of $ 1.82 per share for the current quarter, according to Zack. Six analysts provided earnings estimates for DICK’S Sporting Goods, with the highest EPS estimate being $ 2.42 and the lowest estimate being $ 1.55. DICK’S Sporting Goods posted earnings per share of $ 2.01 in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.5%. The company is expected to release its next earnings report on Tuesday, November 23.

According to Zacks, analysts expect DICK’S Sporting Goods to report annual earnings of $ 12.89 per share for the current year, with EPS estimates ranging from $ 12.55 to $ 13.36. For the next fiscal year, analysts expect the company to post earnings of $ 9.30 per share, with EPS estimates ranging from $ 4.12 to $ 11.50. Zacks EPS averages are an average based on a survey of sales-side research analysts who provide coverage for DICK sporting goods.

DICK’S Sporting Goods (NYSE: DKS) last released its quarterly earnings data on Tuesday, August 24. The sporting goods retailer reported earnings of $ 5.08 per share (EPS) for the quarter, beating analyst consensus estimates of $ 2.80 by $ 2.28. DICK’S Sporting Goods had a net margin of 10.69% and a return on equity of 50.69%. The company posted revenue of $ 3.28 billion in the quarter, compared to a consensus estimate of $ 2.84 billion. In the same quarter of last year, the company posted earnings per share of $ 3.21. The company’s quarterly revenue increased 20.8% compared to the same quarter last year.

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A number of analysts have recently published reports on the stock. Barclays raised its price target for DICK’S Sporting Goods shares from $ 150.00 to $ 173.00 and rated the stock “overweight” in a report released on Thursday, August 26. Bank of America raised its price target for DICK’S Sporting Goods stock from $ 115.00 to $ 160.00 and gave the stock a “buy” rating in a report released on Thursday, August 26. Telsey Advisory Group raised its price target for DICK’S Sporting Goods shares from $ 125.00 to $ 153.00 and gave the stock an “outperformance” rating in a report released Thursday, August 26. Robert W. Baird raised his target price on DICK’S Sporting Goods stock from $ 100.00 to $ 135 and rated the stock “neutral” in a research report published on Wednesday, August 25. Finally, Stifel Nicolaus raised his target price on DICK’S Sporting Goods stock from $ 98.00 to $ 126.00 and gave the stock a “conservation” rating in a research report on Thursday, August 26. Nine investment analysts gave the stock a conservation rating, eleven issued a buy rating and one assigned a high buy rating to the company. Based on MarketBeat data, DICK’S Sporting Goods has an average rating of “Buy” and a consensus target price of $ 125.35.

In other DICK’S Sporting Goods news, CFO Lee J. Belitsky sold 35,000 shares of DICK’S Sporting Goods in a trade that took place on Friday, August 27. The shares were sold at an average price of $ 134.86, for a total trade of $ 4,720,100.00. The transaction was disclosed in a file with the SEC, which can be accessed through the SEC website. In addition, Senior Vice President John Edward Hayes III sold 2,379 shares of DICK’S Sporting Goods in a transaction that took place on Thursday August 26th. The stock was sold for an average price of $ 131.00, for a total trade of $ 311,649.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 68,123 shares of the company valued at $ 9,468,718. 30.09% of the shares are currently held by insiders of the company.

Hedge funds recently bought and sold shares in the company. Convergence Investment Partners LLC increased its stake in DICK’S Sporting Goods shares by 17.6% during the second quarter. Convergence Investment Partners LLC now owns 19,631 shares of the sporting goods retailer valued at $ 1,967,000 after acquiring an additional 2,937 shares in the last quarter. Hussman Strategic Advisors Inc. increased its stake in DICK’S Sporting Goods shares by 158.3% in the second quarter. Hussman Strategic Advisors Inc. now owns 37,200 shares of the sporting goods retailer valued at $ 3,727,000 after purchasing an additional 22,800 shares during the period. Envestnet Asset Management Inc. increased its stake in DICK’S Sporting Goods shares by 10.4% in the second quarter. Envestnet Asset Management Inc. now owns 246,307 shares of the sporting goods retailer valued at $ 24,677,000 after purchasing an additional 23,265 shares during the period. Versor Investments LP increased its stake in DICK’S Sporting Goods shares by 37.4% in the second quarter. Versor Investments LP now owns 10,355 shares of the sporting goods retailer valued at $ 1,037,000 after purchasing an additional 2,819 shares during the period. Finally, Captrust Financial Advisors increased its stake in DICK’S Sporting Goods shares by 29.4% in the first quarter. Captrust Financial Advisors now owns 2,582 shares of the sporting goods retailer valued at $ 197,000 after purchasing an additional 586 shares during the period. 79.04% of the shares are currently held by hedge funds and other institutional investors.

NYSE DKS opened at $ 119.74 on Friday. DICK’S Sporting Goods has a 52 week low of $ 50.88 and a 52 week high of $ 147.39. The company has a 50-day simple moving average of $ 124.87 and a 200-day simple moving average of $ 103.93. The company has a leverage ratio of 0.14, a quick ratio of 0.94, and a current ratio of 1.72. The company has a market cap of $ 10.61 billion, a PE ratio of 9.99, a price / earnings-growth ratio of 0.84, and a beta of 1.74.

The company also recently announced a quarterly dividend, which was paid on Friday, September 24. Shareholders of record on Friday, September 10 received a dividend of $ 0.4375 per share. The ex-dividend date was Thursday, September 9. This is a positive change from the previous quarterly dividend of $ 0.36 from DICK’S Sporting Goods. This represents an annualized dividend of $ 1.75 and a return of 1.46%. DICK’S Sporting Goods’ payout rate is currently 28.59%.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc is dedicated to retailing a wide assortment of authentic sports equipment, apparel, footwear and accessories through a mix of associates, in-store services and unique specialty shops . The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, Pennsylvania.

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DICK'S Sporting Goods Revenue History and Estimates (NYSE: DKS)

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