Brokerages forecast that Dick’s Sporting Goods Inc (NYSE:DKS) will report sales of $1.89 billion for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided 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 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.4%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 21st.

According to Zacks, 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 financial year, analysts expect that the business will report sales of $8.76 billion per share, with estimates ranging from $8.52 billion to $9.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Dick’s Sporting Goods.

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

Several research firms have issued reports on DKS. Canaccord Genuity set a $54.00 price target on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a research report on Saturday, July 1st. MKM Partners lowered shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $47.00 to $30.00 in a research report on Tuesday, August 15th. Citigroup Inc. lowered shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Wednesday, August 16th. Barclays PLC restated an “equal weight” rating and issued a $30.00 price target (down from $46.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Finally, BMO Capital Markets set a $37.00 price target on shares of Dick’s Sporting Goods and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.92.

Shares of Dick’s Sporting Goods (DKS) traded up 0.55% during midday trading on Tuesday, hitting $27.62. 2,386,784 shares of the stock were exchanged. The stock’s 50 day moving average is $27.05 and its 200 day moving average is $38.80. The firm has a market cap of $3.02 billion, a P/E ratio of 9.91 and a beta of 0.51. Dick’s Sporting Goods has a 12-month low of $25.94 and a 12-month high of $62.88.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is 24.29%.

In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the transaction, the director now directly owns 323,224 shares in the company, valued at $8,484,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 23.09% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Dick’s Sporting Goods by 2,879.3% during the 1st quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after buying an additional 8,230,087 shares during the period. Vanguard Group Inc. grew its position in shares of Dick’s Sporting Goods by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after buying an additional 135,991 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of Dick’s Sporting Goods by 263.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after buying an additional 4,085,414 shares during the period. Northern Trust Corp grew its position in shares of Dick’s Sporting Goods by 54.6% during the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after buying an additional 1,339,379 shares during the period. Finally, State Street Corp grew its position in shares of Dick’s Sporting Goods by 2.2% during the 1st quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after buying an additional 69,237 shares during the period. Institutional investors own 77.76% of the company’s stock.

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

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