Dicks Sporting Goods (DKS) Releases Earnings Results, Beats Estimates By $0.02 EPS

15 March, 2018, 05:50 | Author: Gladys Mathis
  • Dicks Sporting Goods Inc (DKS) Receives Average Recommendation of “Hold” from Brokerages

Accern also assigned news headlines about the sporting goods retailer an impact score of 45.3849078425486 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Want to see what other hedge funds are holding DKS?

Dicks Sporting Goods Inc (NYSE DKS) opened at $31.92 on Friday. Swiss Commercial Bank reported 0.01% in Dick's Sporting Goods, Inc. Arrowstreet Capital Limited Partnership now owns 2,469,346 shares of the sporting goods retailer's stock worth $70,969,000 after acquiring an additional 2,198,746 shares during the period. Schroder Investment Management Group lifted its holdings in Dicks Sporting Goods by 256.7% in the 3rd quarter.

The counter witnessed a trading volume of 4.23 million shares versus an average volume of 7.39 million shares during last trading session.

Dick's Sporting Goods on Tuesday reported disappointing holiday sales numbers in part due to weak demand for one-time hot brands like Under Armour. Tredje AP fonden lifted its holdings in Dicks Sporting Goods by 68.6% in the 3rd quarter. Westpac Banking Corp who had been investing in Apache Corp for a number of months, seems to be less bullish one the $13.51 billion market cap company. Private Advisor Grp Limited Liability Company has invested 0.01% in Apache Corporation (NYSE:APA). Dick's Sporting Goods Inc.'s institutional ownership is 95.2%, while its institutional transactions stand at -2.52%.

Profit this year will be $2.80 to $3 a share, the company said.

The company P/E (price to earnings) ratio is 12 and Forward P/E ratio is 11.78. Dicks Sporting Goods has a 12-month low of $23.88 and a 12-month high of $52.31. Yet, $1.22 in non-GAAP EPS landed very close to management's high end of the guidance. (NYSE:DKS) headquartered in Pittsburgh, announced net income for the fourth quarter of $ 115.95 million or $ 1.11 per share, compared to income $ 90.19 million or $ 0.81 per share for the year-ago quarter.

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Q4 revenues of $2.66 billion fell short of projections for $2.74 billion, while same-store sales fell 2%. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%.

Dick's Sporting Goods expects to lose some customers after implementing new restrictions on gun sales in its stores, CEO Edward Stack said Tuesday.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a dividend of $0.225 per share.

Since December 13, 2017, it had 2 insider buys, and 0 sales for $204,572 activity. The ex-dividend date of this dividend is Thursday, March 8th. NY purchased a new stake in Dicks Sporting Goods during the fourth quarter worth $765,000.

"Looking ahead, we see considerable opportunity to deliver a stronger performance as we make improvements to our business", added Lauren R. Hobart, President of DICK'S Sporting Goods.

Several research firms have issued reports on DKS. BMO Capital Markets set a $40.00 target price on shares of Dicks Sporting Goods and gave the stock a "buy" rating in a report on Thursday, January 11th. About 5.12M shares traded or 73.42% up from the average. Spark Investment Management Llc sold 28,400 shares as the company's stock declined 1.52% while stock markets rallied. State Board Of Administration Of Florida Retirement has invested 0.01% in Dick's Sporting Goods, Inc. Finally, ValuEngine cut shares of Dicks Sporting Goods from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. The stock has a consensus rating of "Hold" and an average price target of $33.96.

COPYRIGHT VIOLATION WARNING: This report was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories.


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