Dick’s Sporting Goods Inc (NYSE:DKS) – Equities research analysts at Oppenheimer Holdings raised their FY2018 earnings per share estimates for shares of Dick’s Sporting Goods in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst B. Nagel now expects that the sporting goods retailer will post earnings per share of $2.94 for the year, up from their prior estimate of $2.82. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Dick’s Sporting Goods’ Q4 2018 earnings at $1.14 EPS and FY2019 earnings at $2.52 EPS.

A number of other equities analysts have also recently commented on the company. Cowen and Company reiterated a “hold” rating and set a $26.00 price target on shares of Dick’s Sporting Goods in a report on Friday. Citigroup Inc. reduced their price target on Dick’s Sporting Goods from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Investment Research upgraded Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a report on Thursday. BMO Capital Markets reduced their price target on Dick’s Sporting Goods from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Forward View upgraded Dick’s Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price target for the company in a report on Thursday. Two research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $33.12.

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Dick’s Sporting Goods (NYSE DKS) opened at $28.80 on Friday. The firm has a market capitalization of $3,149.71, a PE ratio of 9.23, a PEG ratio of 1.49 and a beta of 0.48. The company has a quick ratio of 0.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. Dick’s Sporting Goods has a 1-year low of $23.88 and a 1-year high of $62.80.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. Dick’s Sporting Goods’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a yield of 2.36%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is currently 25.09%.

In other news, Director William J. Colombo purchased 20,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the completion of the transaction, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 23.09% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System boosted its position in Dick’s Sporting Goods by 8.1% during the third quarter. California Public Employees Retirement System now owns 226,195 shares of the sporting goods retailer’s stock valued at $6,110,000 after acquiring an additional 16,895 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in Dick’s Sporting Goods during the third quarter valued at $132,000. Cornerstone Capital Management Holdings LLC. boosted its position in Dick’s Sporting Goods by 76.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 97,102 shares of the sporting goods retailer’s stock valued at $2,622,000 after acquiring an additional 42,151 shares during the last quarter. Diversified Investment Strategies LLC boosted its position in Dick’s Sporting Goods by 58.7% during the third quarter. Diversified Investment Strategies LLC now owns 122,625 shares of the sporting goods retailer’s stock valued at $3,312,000 after acquiring an additional 45,350 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Dick’s Sporting Goods by 37.2% during the third quarter. Asset Management One Co. Ltd. now owns 185,890 shares of the sporting goods retailer’s stock valued at $5,029,000 after acquiring an additional 50,383 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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