Dick’s Sporting Goods Inc. (NYSE:DKS) – Analysts at B. Riley upped their FY2017 earnings per share estimates for shares of Dick’s Sporting Goods in a research report issued on Wednesday. B. Riley analyst M. Kummetz now forecasts that the firm will earn $3.10 per share for the year, up from their prior forecast of $3.05. B. Riley has a “Buy” rating and a $68.00 price target on the stock. B. Riley also issued estimates for Dick’s Sporting Goods’ FY2018 earnings at $3.80 EPS and FY2019 earnings at $4.40 EPS.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share for the quarter, topping the Zacks’ 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 firm earned $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. Dick’s Sporting Goods’s revenue for the quarter was up 10.2% on a year-over-year basis.

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

Several other equities analysts have also weighed in on the stock. Brean Capital reaffirmed a “buy” rating on shares of Dick’s Sporting Goods in a report on Wednesday. Zacks Investment Research lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Wednesday. RBC Capital Markets lifted their target price on shares of Dick’s Sporting Goods from $66.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Dick’s Sporting Goods from $66.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Canaccord Genuity set a $70.00 price target on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Friday, November 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $60.55.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded up 0.43% during trading on Thursday, hitting $58.05. 1,621,924 shares of the company were exchanged. The firm has a market capitalization of $6.55 billion, a PE ratio of 20.33 and a beta of 0.71. Dick’s Sporting Goods has a 12 month low of $33.44 and a 12 month high of $62.88. The firm’s 50-day moving average price is $56.94 and its 200 day moving average price is $51.60.

Large investors have recently made changes to their positions in the stock. BlueMountain Capital Management LLC increased 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. Daiwa Securities Group Inc. increased its stake in shares of Dick’s Sporting Goods by 10.0% in the third quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the sporting goods retailer’s stock valued at $125,000 after buying an additional 200 shares during the last quarter. James Investment Research Inc. increased its stake in shares of Dick’s Sporting Goods by 505.3% in the third quarter. James Investment Research Inc. now owns 2,300 shares of the sporting goods retailer’s stock valued at $130,000 after buying an additional 1,920 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Dick’s Sporting Goods during the second quarter valued at approximately $135,000. Finally, Creative Planning increased its stake in shares of Dick’s Sporting Goods by 84.3% in the second quarter. Creative Planning now owns 3,072 shares of the sporting goods retailer’s stock valued at $138,000 after buying an additional 1,405 shares during the last quarter. Institutional investors and hedge funds own 72.80% of the company’s stock.

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 sale, 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 SEC, which is accessible through this link. 22.96% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a $0.1513 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, December 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 21.33%.

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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