Analysts forecast that Dicks Sporting Goods Inc (NYSE:DKS) will post earnings per share of $1.21 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Dicks Sporting Goods’ earnings, with estimates ranging from $1.16 to $1.25. Dicks Sporting Goods reported earnings of $1.20 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.8%. The firm is expected to report its next earnings report before the market opens on Thursday, August 22nd.

According to Zacks, analysts expect that Dicks Sporting Goods will report full year earnings of $3.33 per share for the current financial year, with EPS estimates ranging from $3.28 to $3.40. For the next financial year, analysts forecast that the business will post earnings of $3.46 per share, with EPS estimates ranging from $3.38 to $3.60. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Dicks Sporting Goods.

Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, May 29th. The sporting goods retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Dicks Sporting Goods had a return on equity of 16.95% and a net margin of 3.76%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the company earned $0.59 EPS. Dicks Sporting Goods’s revenue was up .6% on a year-over-year basis.

A number of research firms recently issued reports on DKS. Zacks Investment Research raised Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, July 1st. ValuEngine lowered Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. TheStreet lowered Dicks Sporting Goods from a “b” rating to a “c+” rating in a research note on Thursday, June 20th. Bank of America set a $40.00 target price on Dicks Sporting Goods and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, Goldman Sachs Group began coverage on Dicks Sporting Goods in a research note on Thursday, July 11th. They issued a “neutral” rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $40.00.

DKS stock traded down $0.98 on Thursday, reaching $31.48. The company had a trading volume of 1,873,297 shares, compared to its average volume of 2,267,029. Dicks Sporting Goods has a 1 year low of $29.69 and a 1 year high of $41.21. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.16 and a current ratio of 1.31. The company’s fifty day moving average is $35.60 and its 200 day moving average is $36.40. The company has a market cap of $2.96 billion, a P/E ratio of 9.72, a PEG ratio of 1.78 and a beta of 0.57.

A number of institutional investors and hedge funds have recently modified their holdings of DKS. Dimensional Fund Advisors LP boosted its stake in shares of Dicks Sporting Goods by 10.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,810,276 shares of the sporting goods retailer’s stock valued at $150,081,000 after purchasing an additional 437,629 shares during the period. FMR LLC boosted its stake in shares of Dicks Sporting Goods by 6.0% during the fourth quarter. FMR LLC now owns 1,080,575 shares of the sporting goods retailer’s stock valued at $33,713,000 after purchasing an additional 61,114 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Dicks Sporting Goods by 40.8% during the first quarter. Meeder Asset Management Inc. now owns 2,322 shares of the sporting goods retailer’s stock valued at $86,000 after purchasing an additional 673 shares during the period. Ronna Sue Cohen boosted its stake in shares of Dicks Sporting Goods by 3,581.0% during the first quarter. Ronna Sue Cohen now owns 340,124 shares of the sporting goods retailer’s stock valued at $340,000 after purchasing an additional 330,884 shares during the period. Finally, Investors Research Corp purchased a new stake in shares of Dicks Sporting Goods during the first quarter valued at approximately $63,000. Institutional investors own 83.25% of the company’s stock.

About Dicks Sporting Goods

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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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