Digging Up the Facts on Dick's Sporting Goods, Inc. (DKS)

Lloyd Doyle
November 14, 2017

Dick's Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 15th. The consensus rating is 3, suggesting the market has given up on the stock.

A number of equities research analysts have issued reports on the stock. Finally, BMO Capital Markets restated a buy rating and issued a $37.00 price target on shares of Dick's Sporting Goods in a report on Thursday, November 2nd. Dick's has had a rough year, with shares halving in value so far in calendar 2017. They set a "buy" rating and a $45.00 target price on the stock. Dick's Sporting Goods's dividend payout ratio (DPR) is now 24.29%. The stock presently has a consensus rating of "Hold" and an average target price of $36.12.

The company expects to open 43 new Dick's Sporting Goods stores and relocate seven Dick's Sporting Goods stores in 2017. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. 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 now has a P/E ratio of 9.49 and the market cap is 2.91B.

Traders are a little more bearish on shares of Dick's Sporting Goods Inc as indicated by the rise in short interest. In the latest earnings report the EPS was $2.80 with 82.49M shares now outstanding. Dick's Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%.

Revenues rose 7.4% from past year to $1.94 billion, also beating analysts' view for $1.9 billion. However, in this particular case, while earnings and revenue were positive, there are some big concerns with regard to margins, comp sales, and earnings in the year ahead. 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.

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In related news, Director William J. Colombo acquired 20,000 shares of the business's stock in a transaction on Tuesday, August 22nd. FMR LLC boosted its stake in shares of Dick's Sporting Goods by 5.9% in the 1st quarter. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. US Bancorp DE raised its stake in Dick's Sporting Goods by 0.8% during the second quarter. As of the end of the quarter Manning & Napier Advisors LLC had bought a total of 45,745 shares growing its position 34.4%. The count of Hold ratings in that period was 15. Finally, Wolfe Research downgraded shares of Dick's Sporting Goods from an "outperform" rating to a "peer perform" rating in a report on Tuesday, July 25th. American International Group Inc owns 173,186 shares worth $4,678,000. The value of the investment in DKS decreased from $7,155,000 to $4,678,000 a change of $2,477,000 since the last quarter.

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