Dicks Sporting Goods (DKS) Announces Earnings Results

Dicks Sporting Goods (NYSE:DKS) issued its earnings results on Wednesday. The sporting goods retailer reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03, RTT News reports. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. Dicks Sporting Goods had a return on equity of 16.95% and a net margin of 3.76%. Dicks Sporting Goods’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. Dicks Sporting Goods updated its FY 2019 guidance to $3.20-3.40 EPS and its FY20 guidance to $3.20-3.40 EPS.

Shares of NYSE:DKS opened at $34.25 on Friday. Dicks Sporting Goods has a 12-month low of $29.69 and a 12-month high of $41.21. The firm has a market capitalization of $3.24 billion, a PE ratio of 10.57, a P/E/G ratio of 1.76 and a beta of 0.55. The company has a current ratio of 1.31, a quick ratio of 0.20 and a debt-to-equity ratio of 1.67.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.275 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.21%. Dicks Sporting Goods’s dividend payout ratio is presently 33.95%.



DKS has been the subject of a number of research analyst reports. Zacks Investment Research lowered Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $41.00 target price (down from $44.00) on shares of Dicks Sporting Goods in a research report on Wednesday, March 13th. Finally, Citigroup initiated coverage on Dicks Sporting Goods in a research report on Wednesday, April 10th. They set a “neutral” rating and a $40.00 target price for the company. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Dicks Sporting Goods currently has a consensus rating of “Hold” and an average target price of $41.17.

Several large investors have recently made changes to their positions in DKS. Brown Advisory Inc. purchased a new position in Dicks Sporting Goods during the 4th quarter worth $14,913,000. Foster & Motley Inc. purchased a new position in Dicks Sporting Goods during the 4th quarter worth $1,033,000. Ffcm LLC grew its stake in Dicks Sporting Goods by 401.3% during the 4th quarter. Ffcm LLC now owns 20,829 shares of the sporting goods retailer’s stock worth $650,000 after buying an additional 16,674 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in Dicks Sporting Goods during the 4th quarter worth $4,015,000. Finally, Nissay Asset Management Corp Japan ADV grew its stake in Dicks Sporting Goods by 7.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 31,743 shares of the sporting goods retailer’s stock worth $990,000 after buying an additional 2,258 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

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About Dicks Sporting Goods

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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