Dick’s Sporting Goods Inc. (NYSE:DKS) is scheduled to announce its Q316 earnings results on Tuesday, November 15th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $1.77 billion for the quarter.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, August 16th. The sporting goods retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.69 by $0.13. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Dick’s Sporting Goods’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts expect Dick’s Sporting Goods to post $3.05 EPS for the current fiscal year and $3.72 EPS for the next fiscal year.

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

Shares of Dick’s Sporting Goods Inc. (NYSE:DKS) opened at 59.30 on Friday. The company’s 50-day moving average is $57.09 and its 200 day moving average is $51.16. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 20.77 and a beta of 0.71. Dick’s Sporting Goods Inc. has a 1-year low of $33.42 and a 1-year high of $61.94.

In related news, EVP Michele Willoughby sold 36,737 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $58.78, for a total value of $2,159,400.86. Following the completion of the sale, the executive vice president now owns 98,923 shares of the company’s stock, valued at approximately $5,814,693.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.96% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of DKS. BlueMountain Capital Management LLC raised its stake in shares of Dick’s Sporting Goods by 63.6% in the second quarter. BlueMountain Capital Management LLC now owns 2,748 shares of the sporting goods retailer’s stock valued at $124,000 after buying an additional 1,068 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Dick’s Sporting Goods during the second quarter valued at about $135,000. Tredje AP fonden acquired a new stake in shares of Dick’s Sporting Goods during the second quarter valued at about $302,000. Pacer Advisors Inc. boosted its stake in shares of Dick’s Sporting Goods by 366.6% in the second quarter. Pacer Advisors Inc. now owns 7,171 shares of the sporting goods retailer’s stock valued at $323,000 after buying an additional 5,634 shares during the period. Finally, Point72 Asia Hong Kong Ltd boosted its stake in shares of Dick’s Sporting Goods by 3,600.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 7,400 shares of the sporting goods retailer’s stock valued at $333,000 after buying an additional 7,200 shares during the period. 71.52% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on DKS shares. B. Riley reissued a “buy” rating and issued a $68.00 target price on shares of Dick’s Sporting Goods in a research note on Friday. Wedbush started coverage on shares of Dick’s Sporting Goods in a research note on Tuesday, November 1st. They issued an “outperform” rating and a $65.00 target price on the stock. Vetr raised shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Monday, August 15th. Morgan Stanley increased their target price on shares of Dick’s Sporting Goods from $44.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 17th. Finally, BMO Capital Markets increased their target price on shares of Dick’s Sporting Goods from $52.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $60.42.

Dick’s Sporting Goods Company Profile

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 in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

5 Day Chart for NYSE:DKS

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