Dicks Sporting Goods (NYSE:DKS) announced its quarterly earnings results on Thursday. The sporting goods retailer reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.05, Morningstar.com reports. Dicks Sporting Goods had a return on equity of 16.96% and a net margin of 3.64%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Dicks Sporting Goods updated its FY 2019 guidance to $3.30-3.45 EPS and its FY20 guidance to ~$3.30-3.45 EPS.

Shares of Dicks Sporting Goods stock opened at $32.37 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 1.73. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.82 and a beta of 0.57. The business has a fifty day simple moving average of $35.26 and a 200-day simple moving average of $36.28. Dicks Sporting Goods has a fifty-two week low of $29.69 and a fifty-two week high of $41.21.

Several brokerages have recently weighed in on DKS. UBS Group upped their price objective on Dicks Sporting Goods from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Friday. ValuEngine lowered Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Bank of America set a $40.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a report on Thursday, May 30th. Goldman Sachs Group began coverage on Dicks Sporting Goods in a report on Thursday, July 11th. They issued a “neutral” rating and a $38.00 price objective for the company. Finally, TheStreet lowered Dicks Sporting Goods from a “b” rating to a “c+” rating in a report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $39.80.

Several institutional investors have recently made changes to their positions in DKS. First Bank & Trust lifted its holdings in shares of Dicks Sporting Goods by 7.3% during the second quarter. First Bank & Trust now owns 5,785 shares of the sporting goods retailer’s stock valued at $200,000 after purchasing an additional 395 shares during the last quarter. Investors Research Corp lifted its holdings in shares of Dicks Sporting Goods by 23.5% during the second quarter. Investors Research Corp now owns 2,100 shares of the sporting goods retailer’s stock valued at $73,000 after purchasing an additional 400 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Dicks Sporting Goods by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 29,934 shares of the sporting goods retailer’s stock valued at $1,037,000 after purchasing an additional 422 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Dicks Sporting Goods by 37.7% during the second quarter. Signaturefd LLC now owns 1,986 shares of the sporting goods retailer’s stock valued at $69,000 after purchasing an additional 544 shares during the last quarter. Finally, Empirical Finance LLC lifted its holdings in shares of Dicks Sporting Goods by 0.9% during the second quarter. Empirical Finance LLC now owns 66,946 shares of the sporting goods retailer’s stock valued at $2,318,000 after purchasing an additional 583 shares during the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

Dicks Sporting Goods Company Profile

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.

Featured Article: Bear Market – How and Why They Occur

Earnings History for Dicks Sporting Goods (NYSE:DKS)

Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.