Dick’s Sporting Goods Inc. (NYSE:DKS) issued its quarterly earnings results on Tuesday. The sporting goods retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Dick’s Sporting Goods had a net margin of 4.32% and a return on equity of 18.43%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Dick’s Sporting Goods updated its Q4 guidance to $1.15-1.27 EPS.

Dick’s Sporting Goods (NYSE:DKS) opened at 57.80 on Thursday. Dick’s Sporting Goods has a one year low of $33.44 and a one year high of $62.88. The company has a 50-day moving average of $57.01 and a 200 day moving average of $51.56. The firm has a market cap of $6.53 billion, a P/E ratio of 20.25 and a beta of 0.71.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be issued a $0.1513 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.61 annualized dividend and a yield of 1.05%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is presently 21.33%.

DKS has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Dick’s Sporting Goods from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 12th. B. Riley reaffirmed a “buy” rating and set a $61.00 price target on shares of Dick’s Sporting Goods in a report on Friday, August 12th. Cleveland Research raised shares of Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Friday, August 5th. Goldman Sachs Group Inc. lifted their price target on shares of Dick’s Sporting Goods from $53.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Citigroup Inc. lifted their price target on shares of Dick’s Sporting Goods from $50.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $60.55.

In related news, EVP Michele Willoughby sold 36,737 shares of the firm’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 directly owns 98,923 shares in the company, valued at approximately $5,814,693.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 22.96% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of Dick’s Sporting Goods by 2,970.6% in the third quarter. PNC Financial Services Group Inc. now owns 873,055 shares of the sporting goods retailer’s stock worth $49,519,000 after buying an additional 844,622 shares during the period. TimesSquare Capital Management LLC bought a new position in shares of Dick’s Sporting Goods during the second quarter valued at about $23,666,000. GLG Partners LP bought a new position in shares of Dick’s Sporting Goods during the second quarter valued at about $19,853,000. Peregrine Capital Management LLC bought a new position in shares of Dick’s Sporting Goods during the third quarter valued at about $24,156,000. Finally, ClariVest Asset Management LLC bought a new position in shares of Dick’s Sporting Goods during the third quarter valued at about $23,819,000. Institutional investors own 72.80% of the company’s stock.

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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