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Dick's Sporting Goods Inc (NYSE:DKS) Quarterly EPS Forecast At $1.3

08 March 2017

Dicks Sporting Goods Inc (NYSE:DKS) posted strong financial results Tuesday, but the company's earnings were weaker than the previous year. (NYSE:DKS) [Trend Analysis] pretends to be active mover, stock rose around 2.55% to traded at $52.34. Looking at the stock's movement on the chart, Dick's Sporting Goods, Inc. recorded a 52-week high of $62.80. Royal Bank of Canada upped their target price on shares of Dicks Sporting Goods from $66.00 to $68.00 and gave the stock an "outperform" rating in a report on Wednesday, November 16th. (NYSE:DKS) last announced results for quarter ended on 31 Oct 2016, disclosing EPS of $0.48 The reported earnings per share topped the analyst's consensus by $0.06 with the percentage difference between estimated and actual earnings arriving at 14.30%. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-three have issued a buy rating to the company.

Analysts' mean recommendation for Big 5 Sporting Goods Corporation (BGFV) stands at 3.00. The stock presently has a consensus rating of "Buy" and a consensus target price of $61.60. Zacks Investment Research raised Dicks Sporting Goods from a "hold" rating to a "buy" rating and set a $70.00 price objective for the company in a report on Thursday, December 8th.

Dick's predicted today that its adjusted earnings per share in Q1 will land between 50 cents and 55 cents per share but analysts were expecting 62 cents per share. IFP Advisors Inc now owns 3,204 shares of the sporting goods retailer's stock valued at $144,000 after buying an additional 2,968 shares during the period.

As of January 28, 2017, Dick's operated 676 Dick's Sporting Goods stores, 91 golf specialty stores and 27 Field & Stream stores.

Plus, put and call open interest for DKS are docked in the 99th and 96th annual percentiles, with a respective 118,484 and 53,504 contracts outstanding, while the stock's Schaeffer's put/call open interest ratio (SOIR) is perched at a top-heavy 2.28 - in the 77th percentile of its annual range. At the same time, Dick's will expand its in-house brands, which generates $1 billion a year and include women's athletic line, Calia by Carrie Underwood, by adding two more this year.

Sell-side analysts are able to use multiple metrics in order to help calculate target price estimates. That value represents a market adjusting for revenues that have been growing by 10.21 % on a quarterly year/year basis as of the company's last quarterly report.

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Net sales for the fourth quarter of 2016 raised 10.9% to about $2.5 billion.

Dicks Sporting Goods Inc (NYSE:DKS) traded down 8.3275% during midday trading on Tuesday, reaching $48.2289. The first is that comparatives from past year, especially on a same-store basis, were relatively weak, which contributed to the strong growth.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Thrivent Financial for Lutherans increased its stake in shares of Dicks Sporting Goods by 9.1% in the fourth quarter.

The stock showed weekly upbeat performance of -0.70%, which maintained for the month at 1.22%. Schwab Charles Investment Management Inc. now owns 261,780 shares of the sporting goods retailer's stock valued at $11,796,000 after buying an additional 18,581 shares during the period.

02/14/2017 - Dick's Sporting Goods Inc had its " rating reiterated by analysts at Deutsche Bank.

Dick's Sporting Goods Inc (NYSE:DKS) Quarterly EPS Forecast At $1.3