Dicks Sporting Goods Inc (NYSE:DKS) – Equities research analysts at Wedbush issued their Q1 2020 earnings per share (EPS) estimates for Dicks Sporting Goods in a note issued to investors on Wednesday, March 13th. Wedbush analyst C. Svezia anticipates that the sporting goods retailer will earn $0.64 per share for the quarter. Wedbush also issued estimates for Dicks Sporting Goods’ Q2 2020 earnings at $1.18 EPS, Q3 2020 earnings at $0.38 EPS, Q4 2020 earnings at $1.09 EPS, FY2020 earnings at $3.28 EPS and FY2021 earnings at $3.45 EPS.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.07. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.48 billion. Dicks Sporting Goods had a net margin of 3.79% and a return on equity of 16.88%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 EPS.
DKS opened at $34.05 on Friday. Dicks Sporting Goods has a 52-week low of $29.69 and a 52-week high of $40.87. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.03. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.67 and a beta of 0.57.
A number of hedge funds and other institutional investors have recently made changes to their positions in DKS. Nkcfo LLC acquired a new position in shares of Dicks Sporting Goods during the 4th quarter worth approximately $31,000. Bremer Trust National Association acquired a new position in shares of Dicks Sporting Goods in the 4th quarter valued at $36,000. Huntington National Bank grew its holdings in shares of Dicks Sporting Goods by 36.8% in the 4th quarter. Huntington National Bank now owns 1,779 shares of the sporting goods retailer’s stock valued at $56,000 after buying an additional 479 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Dicks Sporting Goods by 35.3% in the 4th quarter. Acadian Asset Management LLC now owns 2,839 shares of the sporting goods retailer’s stock valued at $88,000 after buying an additional 741 shares during the period. Finally, Advisor Group Inc. grew its holdings in shares of Dicks Sporting Goods by 62.2% in the 4th quarter. Advisor Group Inc. now owns 3,198 shares of the sporting goods retailer’s stock valued at $99,000 after buying an additional 1,226 shares during the period. Hedge funds and other institutional investors own 81.47% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.10 dividend on an annualized basis and a yield of 3.23%. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.23. Dicks Sporting Goods’s dividend payout ratio (DPR) is 27.78%.
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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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