Dicks Sporting Goods (NYSE:DKS) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of ~$3.30-3.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.31. Dicks Sporting Goods also updated its FY 2019 guidance to $3.30-3.45 EPS.
Shares of NYSE DKS opened at $33.21 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.67. The stock has a 50 day simple moving average of $35.32 and a 200-day simple moving average of $36.29. The company has a market cap of $2.98 billion, a PE ratio of 10.25, a P/E/G ratio of 1.73 and a beta of 0.57. Dicks Sporting Goods has a 12-month low of $29.69 and a 12-month high of $41.21.
Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, August 22nd. The sporting goods retailer reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. Dicks Sporting Goods had a return on equity of 16.95% and a net margin of 3.76%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts forecast that Dicks Sporting Goods will post 3.33 earnings per share for the current fiscal year.
DKS has been the topic of several recent analyst reports. 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 report on Monday, July 1st. Bank of America set a $40.00 target price on Dicks Sporting Goods and gave the stock a hold rating in a report on Thursday, May 30th. ValuEngine cut Dicks Sporting Goods from a sell rating to a strong sell rating in a report on Thursday, August 1st. Goldman Sachs Group initiated coverage on Dicks Sporting Goods in a report on Thursday, July 11th. They set a neutral rating and a $38.00 target price on the stock. Finally, UBS Group reissued a buy rating and set a $41.00 target price (up previously from $38.00) on shares of Dicks Sporting Goods in a report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $40.19.
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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