Dick's Sporting Goods' profits dip in fourth quarter
- Author: Ronnie Bowen Mar 08, 2017,
Mar 08, 2017, 0:42
Large investors have recently made changes to their positions in the stock. Dick's Sporting Goods, Inc.'s 20-Day Simple Moving Average is -0.11%. Canaccord Genuity reaffirmed a "buy" rating and set a $70.00 price objective on shares of Dick's Sporting Goods in a report on Thursday, October 6th. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. According to tipranks.com, 13 analysts has covered the stock while recommending a "Strong Buy".
The sporting goods retailer posted adjusted earnings of $1.32 per share, beating the Wall Street expectation of $1.30. Stock has got OUTPERFORM rating from 5 analysts of Thomson Reuters, 10 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The stock price of DKS is moving up from its 20 days moving average with 3.64% and isolated positively from 50 days moving average with 0.83%. Wedbush also issued estimates for Dicks Sporting Goods' Q2 2018 earnings at $1.01 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $1.48 EPS, FY2018 earnings at $3.67 EPS and FY2019 earnings at $4.11 EPS. An influential expert may put an equity that is now trading close to $10 1-year target of around $100; however, there seems no exact means to attain price target. It has a past 5-day performance of 6.24 percent and trades at an average volume of 2.22M shares.
12/28/2016 - Dick's Sporting Goods Inc had its " rating reiterated by analysts at Wedbush. The original version of this piece can be read at https://sportsperspectives.com/2017/03/06/research-analysts-offer-predictions-for-dicks-sporting-goods-incs-q1-2018-earnings-dks.html. The stock lost nearly -13.8% in price since last earning report, when its share price was $60.74. He rates the stock an outperform with a price target of $61.
Investors will mark their calendars for 2017-03-07, the date when Dick's Sporting Goods Inc (NYSE:DKS) are expected to release their quarterly results. The firm earned $2.48 billion during the quarter, compared to the consensus estimate of $2.48 billion. (NYSE:DKS)'s shares have the potential to reach a high EPS of 1.35 per share, and a low EPS of 1.21 per share in the current quarter.
Best time to invest in stock market is when things are on odd side, and it's not easy how to pick stocks. He meanwhile expects more market share to come up for grabs in the sporting goods industry, on top of the lift it's received from the recent wind downs of The Sports Authority, Sport Chalet and Golfsmith chains. The company's revenue for the quarter was up 10.9% compared to the same quarter past year.
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City have six wins and a draw in their last seven games and could move into second place with a victory. We were lucky to get to half time 1-0 and after that we controlled the game".
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. James Investment Research Inc. raised its position in shares of Dicks Sporting Goods by 505.3% in the third quarter. This represents a $0.68 annualized dividend and a dividend yield of 1.33%.
02/14/2017 - Dick's Sporting Goods Inc had its " rating reiterated by analysts at Deutsche Bank.
Though he did not mention specific companies, the recent sale of Finish Line's 65 Jack Rabbit running stores - purchased for $0 - shows how competitive the crowded sporting goods market has become.
Each of its Dick's Sporting Goods stores includes footwear, team sports, outdoor lodge, golf, fitness and athletic apparel.