Dick’s Sporting Goods Inc. (NYSE:DKS) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.15-1.27 for the period, compared to the Thomson Reuters consensus estimate of $1.32.

Dick’s Sporting Goods Inc. (NYSE:DKS) opened at 60.89 on Tuesday. The firm has a 50-day moving average price of $57.09 and a 200 day moving average price of $51.32. The stock has a market cap of $6.88 billion, a PE ratio of 21.33 and a beta of 0.71. Dick’s Sporting Goods Inc. has a 52-week low of $33.42 and a 52-week high of $61.94.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Dick’s Sporting Goods had a return on equity of 18.43% and a net margin of 4.32%. The firm earned $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm earned $0.45 EPS. Dick’s Sporting Goods’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts anticipate that Dick’s Sporting Goods Inc. will post $3.05 earnings per share for the current year.

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

Several brokerages have recently commented on DKS. Goldman Sachs Group Inc. lowered Dick’s Sporting Goods from a buy rating to a neutral rating and lifted their target price for the stock from $56.00 to $61.00 in a research report on Wednesday, August 17th. They noted that the move was a valuation call. B. Riley reiterated a buy rating and issued a $61.00 target price on shares of Dick’s Sporting Goods in a research report on Friday, August 12th. TheStreet upgraded Dick’s Sporting Goods from a hold rating to a buy rating in a research report on Friday, July 29th. Forward View set a $64.00 target price on Dick’s Sporting Goods and gave the stock a buy rating in a research report on Thursday, August 18th. Finally, Vetr lowered Dick’s Sporting Goods from a buy rating to a hold rating and set a $61.50 target price for the company. in a research report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $60.42.

In related news, EVP Michele Willoughby sold 36,737 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $58.78, for a total transaction of $2,159,400.86. Following the completion of the transaction, the executive vice president now owns 98,923 shares of the company’s stock, valued at approximately $5,814,693.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 22.96% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Investment Management LLC boosted its position in Dick’s Sporting Goods by 1.6% in the second quarter. BlackRock Investment Management LLC now owns 317,378 shares of the sporting goods retailer’s stock valued at $14,301,000 after buying an additional 5,119 shares during the period. BlackRock Fund Advisors boosted its position in Dick’s Sporting Goods by 4.1% in the second quarter. BlackRock Fund Advisors now owns 3,113,817 shares of the sporting goods retailer’s stock valued at $140,309,000 after buying an additional 122,722 shares during the period. Ameritas Investment Partners Inc. boosted its position in Dick’s Sporting Goods by 3.7% in the second quarter. Ameritas Investment Partners Inc. now owns 14,099 shares of the sporting goods retailer’s stock valued at $635,000 after buying an additional 503 shares during the period. Tredje AP fonden purchased a new position in Dick’s Sporting Goods during the second quarter valued at approximately $302,000. Finally, TimesSquare Capital Management LLC purchased a new position in Dick’s Sporting Goods during the second quarter valued at approximately $23,666,000. 72.80% of the stock is owned by hedge funds and other institutional investors.

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 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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