Q3 2019 EPS Estimates for Dicks Sporting Goods Inc Increased by Oppenheimer (DKS)

Share on StockTwits

Dicks Sporting Goods Inc (NYSE:DKS) – Analysts at Oppenheimer lifted their Q3 2019 earnings estimates for shares of Dicks Sporting Goods in a report released on Thursday, August 30th. Oppenheimer analyst B. Nagel now forecasts that the sporting goods retailer will post earnings per share of $0.24 for the quarter, up from their prior forecast of $0.20. Oppenheimer also issued estimates for Dicks Sporting Goods’ Q4 2019 earnings at $1.03 EPS, FY2019 earnings at $3.05 EPS and FY2020 earnings at $3.11 EPS.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, August 29th. The sporting goods retailer reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.14. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Dicks Sporting Goods had a return on equity of 16.98% and a net margin of 3.75%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS.

Other equities analysts have also recently issued reports about the company. Buckingham Research increased their target price on Dicks Sporting Goods from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Citigroup increased their target price on Dicks Sporting Goods from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Deutsche Bank set a $45.00 target price on Dicks Sporting Goods and gave the stock a “buy” rating in a report on Thursday, May 31st. Deutsche Bank increased their target price on Dicks Sporting Goods to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Finally, Zacks Investment Research upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.38.

Shares of DKS opened at $36.19 on Friday. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $38.99. The company has a current ratio of 1.65, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.73 billion, a P/E ratio of 12.02, a PEG ratio of 1.18 and a beta of 0.47.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global X Management Co LLC increased its position in shares of Dicks Sporting Goods by 55.1% during the 2nd quarter. Global X Management Co LLC now owns 5,310 shares of the sporting goods retailer’s stock valued at $187,000 after purchasing an additional 1,886 shares during the last quarter. Highlander Capital Management LLC purchased a new stake in shares of Dicks Sporting Goods during the 2nd quarter valued at $194,000. Bridgewater Associates LP purchased a new stake in shares of Dicks Sporting Goods during the 2nd quarter valued at $201,000. D.B. Root & Company LLC purchased a new stake in shares of Dicks Sporting Goods during the 1st quarter valued at $200,000. Finally, Commerce Bank purchased a new stake in shares of Dicks Sporting Goods during the 1st quarter valued at $208,000. 72.23% of the stock is owned by institutional investors and hedge funds.

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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Further Reading: Fundamental Analysis and Choosing Stocks

Earnings History and Estimates for Dicks Sporting Goods (NYSE:DKS)

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

Leave a Reply