Dick’s Sporting Goods Inc. (NYSE:DKS) – Wedbush dropped their FY2017 EPS estimates for shares of Dick’s Sporting Goods in a report released on Tuesday. Wedbush analyst C. Svezia now forecasts that the firm will earn $3.07 per share for the year, down from their previous forecast of $3.10. Wedbush currently has a “Outperform” rating and a $65.00 price objective on the stock. Wedbush also issued estimates for Dick’s Sporting Goods’ Q4 2017 earnings at $1.28 EPS and FY2018 earnings at $3.78 EPS.

Dick’s Sporting Goods (NYSE:DKS) last announced its earnings results 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. The business earned $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Dick’s Sporting Goods had a net margin of 4.25% and a return on equity of 18.15%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS.

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

Other equities analysts have also issued reports about the stock. B. Riley reaffirmed a “buy” rating and set a $61.00 target price on shares of Dick’s Sporting Goods in a research report on Friday, August 12th. RBC Capital Markets reissued an “outperform” rating and set a $66.00 price objective (up from $59.00) on shares of Dick’s Sporting Goods in a report on Wednesday, August 17th. Cleveland Research raised shares of Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Friday, August 5th. Forward View set a $64.00 price objective on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a report on Thursday, August 18th. Finally, Vetr lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $61.50 price objective on the stock. in a report on Tuesday, September 6th. One 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. Dick’s Sporting Goods presently has an average rating of “Buy” and a consensus price target of $60.55.

Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 58.78 on Thursday. Dick’s Sporting Goods has a 52 week low of $33.44 and a 52 week high of $62.88. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 20.59 and a beta of 0.71. The firm’s 50-day moving average is $56.93 and its 200-day moving average is $51.65.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a dividend of $0.1513 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, December 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is currently 21.11%.

In other news, EVP Michele Willoughby sold 36,737 shares of Dick’s Sporting Goods stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $58.78, for a total value of $2,159,400.86. Following the transaction, the executive vice president now owns 98,923 shares in the company, valued at $5,814,693.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 22.96% of the company’s stock.

Large investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in 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 period. James Investment Research Inc. raised its stake in 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 worth $130,000 after buying an additional 1,920 shares during the period. Meeder Asset Management Inc. purchased a new stake in Dick’s Sporting Goods during the third quarter worth $138,000. BlueMountain Capital Management LLC raised its stake in 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 worth $124,000 after buying an additional 1,068 shares during the period. Finally, Acrospire Investment Management LLC raised its stake in Dick’s Sporting Goods by 38.1% in the third quarter. Acrospire Investment Management LLC now owns 2,900 shares of the sporting goods retailer’s stock worth $164,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 72.80% of the company’s stock.

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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