FY2019 Earnings Forecast for Dick’s Sporting Goods Inc (DKS) Issued By Forward View

Dick’s Sporting Goods Inc (NYSE:DKS) – Research analysts at Forward View cut their FY2019 EPS estimates for shares of Dick’s Sporting Goods in a note issued to investors on Thursday. Forward View analyst N. Yates now forecasts that the sporting goods retailer will post earnings of $2.49 per share for the year, down from their previous forecast of $2.70. Forward View currently has a “Buy” rating and a $30.00 target price on the stock.

Several other research analysts have also weighed in on DKS. Cowen and Company restated a “hold” rating and set a $26.00 price target on shares of Dick’s Sporting Goods in a research report on Friday. Susquehanna Bancshares Inc lowered their price target on Dick’s Sporting Goods from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. Morgan Stanley lowered their price target on Dick’s Sporting Goods from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Wednesday. Bank of America Corporation lowered their price target on Dick’s Sporting Goods from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, MKM Partners lowered their price target on Dick’s Sporting Goods from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.12.

ILLEGAL ACTIVITY NOTICE: “FY2019 Earnings Forecast for Dick’s Sporting Goods Inc (DKS) Issued By Forward View” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://sportsperspectives.com/2017/11/19/fy2019-earnings-forecast-for-dicks-sporting-goods-inc-dks-issued-by-forward-view.html.

Shares of Dick’s Sporting Goods (DKS) opened at $28.80 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.24. The stock has a market capitalization of $3,149.71, a P/E ratio of 9.23, a PEG ratio of 1.49 and a beta of 0.48. Dick’s Sporting Goods has a 52-week low of $23.88 and a 52-week high of $62.80.

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

Several institutional investors have recently modified their holdings of DKS. TIAA CREF Investment Management LLC raised 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 purchasing an additional 4,085,414 shares during the last quarter. Okumus Fund Management Ltd. acquired a new position in shares of Dick’s Sporting Goods during the 3rd quarter worth approximately $46,406,000. Northern Trust Corp raised 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 purchasing an additional 1,339,379 shares during the last quarter. Manning & Napier Advisors LLC raised its position in shares of Dick’s Sporting Goods by 1,173.1% during the 2nd quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after purchasing an additional 961,955 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Dick’s Sporting Goods by 316.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock worth $31,295,000 after purchasing an additional 880,464 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

In related news, Director William J. Colombo purchased 20,000 shares of Dick’s Sporting Goods stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the transaction, the director now owns 323,224 shares in the company, valued at $8,484,630. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.09% of the stock is currently owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 7th. Dick’s Sporting Goods’s dividend payout ratio is presently 25.09%.

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)

Receive News & Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply