Dick's Sporting Goods Inc (DKS) Updates Q4 Earnings Guidance

Cornelia Mascio
Novembre 14, 2017

Dick's Sporting Goods Inc (NYSE:DKS) has been given a $27.00 target price by equities research analysts at Canaccord Genuity in a research note issued on Sunday. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer's stock worth $457,000 after purchasing an additional 300 shares during the period.

Renaissance Group LLC says it bought 169,689 shares in quarter ending 09/30/2017 increasing its holdings in Dick's Sporting Goods Inc by 30.7%. On November 2 BMO Capital Markets kept the stock rating at "Buy" with a current price target of $37.00.

The value of the total investment in Dick's Sporting Goods Inc decreased from $7,826,000 to $4,220,000 decreasing 46.1% quarter to quarter. The company's revenue for the quarter was up 9.6% on a year-over-year basis. analysts forecast that Dick's Sporting Goods will post 2.88 EPS for the current year. Following the completion of the transaction, the director now directly owns 323,224 shares of the company's stock, valued at approximately $8,484,630.

Dick's Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th. Finally, Nordea Investment Management AB grew its position in shares of Dick's Sporting Goods by 0.5% in the 2nd quarter. Dick's Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. Dick's Sporting Goods Inc now has a P/E ratio of 9.34 and market cap is 2.86B. Telsey Advisory Group downgraded shares of Dick's Sporting Goods from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $52.00 to $40.00 in a research report on Monday, July 24th. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. The company's quarterly revenue was up 7.4% compared to the same quarter previous year. We plan to make significant investments in our business, which will have a short-term negative impact on our earnings; however, we expect these investments will pay meaningful dividends in the future.

November 3 investment analysts at Cowen and Company maintained a stock rating of "Hold" projecting a price of $28.00.

Wells Fargo & Company updated its forecast on DKS stating a rating of "Hold" and a price target of $29.00. Dick's Sporting Goods's dividend payout ratio (DPR) is now 24.29%.

COPYRIGHT VIOLATION NOTICE: "Dick's Sporting Goods Inc (DKS) Position Reduced by Oregon Public Employees Retirement Fund" was originally reported by Week Herald and is owned by of Week Herald. Shareholders of record on Friday, December 8th will be given a $0.17 dividend. Finally, Buckingham Research assumed coverage on shares of Dick's Sporting Goods in a research report on Monday, July 17th. This represents a $0.68 annualized dividend and a yield of 2.58%. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick's Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

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