Dicks Sporting Goods (NYSE:DKS) Announces Quarterly Earnings Results

Dicks Sporting Goods (NYSE:DKS) released its quarterly earnings data on Thursday. The sporting goods retailer reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05, Morningstar.com reports. Dicks Sporting Goods had a return on equity of 16.95% and a net margin of 3.76%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Dicks Sporting Goods updated its FY 2019 guidance to $3.30-3.45 EPS and its FY20 guidance to ~$3.30-3.45 EPS.

Shares of NYSE:DKS opened at $32.97 on Thursday. Dicks Sporting Goods has a 1 year low of $29.69 and a 1 year high of $41.21. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.31 and a quick ratio of 0.16. The business’s 50 day moving average price is $35.35 and its 200-day moving average price is $36.30.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Monday, July 1st. Bank of America set a $40.00 price objective on Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Thursday, May 30th. ValuEngine lowered Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Goldman Sachs Group assumed coverage on Dicks Sporting Goods in a research report on Thursday, July 11th. They issued a “neutral” rating and a $38.00 price objective on the stock. Finally, TheStreet lowered Dicks Sporting Goods from a “b” rating to a “c+” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.13.

Several large investors have recently made changes to their positions in DKS. BlackRock Inc. increased its stake in shares of Dicks Sporting Goods by 5.0% in the 1st quarter. BlackRock Inc. now owns 7,301,467 shares of the sporting goods retailer’s stock worth $268,766,000 after acquiring an additional 345,212 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Dicks Sporting Goods by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,810,276 shares of the sporting goods retailer’s stock worth $150,081,000 after acquiring an additional 437,629 shares during the last quarter. Northern Trust Corp increased its stake in shares of Dicks Sporting Goods by 8.2% in the 1st quarter. Northern Trust Corp now owns 2,878,373 shares of the sporting goods retailer’s stock worth $105,952,000 after acquiring an additional 217,359 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Dicks Sporting Goods by 77.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,198,994 shares of the sporting goods retailer’s stock worth $76,151,000 after acquiring an additional 962,473 shares during the last quarter. Finally, HS Management Partners LLC acquired a new stake in shares of Dicks Sporting Goods in the 2nd quarter worth $70,242,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Dicks Sporting Goods Company Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Earnings History for Dicks Sporting Goods (NYSE:DKS)

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