$1.82 Earnings Per Share Anticipated for DICK’S Sporting Items, Inc. (NYSE:DKS) This Quarter

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Stock analysts expect DICK’s Sporting Goods, Inc. (NYSE: DKS) to report earnings of $ 1.82 per share for the current quarter, according to Zacks. Six analysts have given estimates of DICK’S Sporting Goods earnings, with the highest EPS estimate being $ 2.42 and the lowest being $ 1.55. DICK’S Sporting Goods posted earnings per share of $ 2.01 for the year-ago quarter, indicating a negative year-over-year growth rate of 9.5%. The company is expected to release its next earnings report on Tuesday, November 23rd.

According to Zacks, analysts expect DICK’s Sporting Goods to post annual earnings of $ 12.89 per share for the current year, with EPS estimates ranging between $ 12.55 and $ 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 average is an average based on a survey of sell-side research analysts reporting on DICK’S Sporting Goods.

DICK’s Sporting Goods (NYSE: DKS) last released its quarterly earnings data on Tuesday, August 24th. The sporting goods retailer reported earnings per share (EPS) for the quarter of $ 5.08, beating analysts’ consensus estimate 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 had revenue of $ 3.28 billion for the quarter, compared to the consensus estimate of $ 2.84 billion. For the same quarter last year, the company had earnings per share of $ 3.21. The company’s quarterly sales increased 20.8% compared to the same quarter last year.

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A number of analysts recently released reports on the stock. Barclays raised its target price on the shares of DICK’s Sporting Goods from $ 150.00 to $ 173.00 and rated the stock as “overweight” in a report dated Thursday, August 26th. Bank of America raised its target price on the shares of DICK’s Sporting Goods from $ 115.00 to $ 160.00 and rated the stock as a “Buy” in a report on Thursday, August 26th. The Telsey Advisory Group raised its price target on the shares of DICK’s Sporting Goods from USD 125.00 to USD 153.00 and rated the shares as “outperform” in a report on Thursday, August 26th. Robert W. Baird raised his price target for the stock of DICK’s Sporting Goods from $ 100.00 to $ 135.00 and rated the stock as “neutral” in a research report on Wednesday, August 25th. Finally, Stifel Nicolaus raised his price target for the share of DICK’s Sporting Goods from USD 98.00 to USD 126.00 and rated the share as “Hold” in a research report on Thursday, August 26th. Nine investment analysts have rated the stock with a hold rating, eleven with a buy rating and one with a strong buy rating. Based on data from MarketBeat, DICK’s Sporting Goods has an average rating of “Buy” and a consensus target of $ 125.35.

In other DICK’s Sporting Goods News, CFO Lee J. Belitsky sold 35,000 DICK’s Sporting Goods shares in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $ 134.86 for a total transaction of $ 4,720,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed on the SEC website. In addition, SVP 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 at an average price of $ 131.00 for a total transaction of $ 311,649.00. The disclosure for this sale can be found here. In the most recent quarter, insiders sold 68,123 shares in the company valued at $ 9,468,718. 30.09% of the shares are currently owned by company insiders.

Hedge funds recently bought and sold shares in the company. Convergence Investment Partners LLC increased its stake in DICK’S Sporting Goods by 17.6% in the second quarter. Convergence Investment Partners LLC now owns 19,631 shares in the sporting goods retailer valued at $ 1,967,000, after acquiring an additional 2,937 shares last quarter. Hussman Strategic Advisors Inc. increased its stake in DICK’S Sporting Goods 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 reporting period. Envestnet Asset Management Inc. increased its stake in DICK’s Sporting Goods by 10.4% in the second quarter. Envestnet Asset Management Inc. now owns 246,307 shares in 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 by 37.4% in the second quarter. Versor Investments LP now owns 10,355 shares in 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 by 29.4% in the first quarter. Captrust Financial Advisors now owns 2,582 shares in the sporting goods retailer valued at $ 197,000 after purchasing an additional 586 shares during the period. 79.04% of the shares are currently owned 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 debt of 0.14, a quick ratio of 0.94 and a current ratio of 1.72. The company has a market capitalization of $ 10.61 billion, a P / E of 9.99, a price-to-earnings-to-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 24th. Shareholders of record on Friday, September 10th, received a dividend of $ 0.4375 per share. The ex-dividend date was Thursday, September 9th. This is a positive change from DICK’s Sporting Goods’ previous quarterly dividend of $ 0.36. This equates to an annualized dividend of $ 1.75 and a yield of 1.46%. The payout ratio of DICK’S Sporting Goods is currently 28.59%.

About DICK’S sporting goods

Dick’s Sporting Goods, Inc. retailers an extensive line of authentic sports equipment, apparel, shoes, and accessories through a mix of partners, in-store services, and unique in-store specialty stores. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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