Dicks Sporting Goods (DKS) Announces Earnings Results
Dicks Sporting Goods (NYSE:DKS) issued its quarterly earnings results on Wednesday. The sporting goods retailer reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14, Bloomberg Earnings reports. Dicks Sporting Goods had a net margin of 3.75% and a return on equity of 16.98%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm earned $0.96 EPS. The business’s revenue was up .9% on a year-over-year basis. Dicks Sporting Goods updated its FY19 guidance to $3.02-3.20 EPS.
Shares of Dicks Sporting Goods stock opened at $36.39 on Wednesday. The stock has a market cap of $3.69 billion, a P/E ratio of 12.09, a PEG ratio of 1.17 and a beta of 0.47. The company has a quick ratio of 0.24, a current ratio of 1.65 and a debt-to-equity ratio of 0.18. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $38.99.
A number of equities analysts have recently commented on DKS shares. ValuEngine raised shares of Dicks Sporting Goods from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 6th. Morgan Stanley raised their price objective on shares of Dicks Sporting Goods from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, May 31st. Buckingham Research raised their price objective on shares of Dicks Sporting Goods from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Deutsche Bank set a $45.00 price objective on shares of Dicks Sporting Goods and gave the stock a “buy” rating in a report on Thursday, May 31st. Finally, Wedbush raised their price objective on shares of Dicks Sporting Goods from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, August 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Dicks Sporting Goods presently has an average rating of “Buy” and an average target price of $36.04.
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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