Dicks Sporting Goods Inc Takes a Hit Despite Earnings Beat

Dicks Sporting Goods Inc Takes a Hit Despite Earnings Beat

That's up from 9.6% e-commerce penetration in the year-ago period.

Operating income reported by Dicks Sporting Goods Inc in the third quarter of the year was $50.00 million.

In other Dick's Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 22nd.

Dicks Sporting Goods Inc reported revenue of $1.94 billion in the third quarter of 2017. Lsv Asset Management claims 294,484 shares with a value of $7,954,000. The sporting goods retailer notes that its same stores sales for the quarter were down nearly 1% when compared to the same time past year. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer's stock worth $41,580,000 after purchasing an additional 961,955 shares during the period. Finally, Capstone Asset Management Co. raised its stake in Dick's Sporting Goods by 2.7% during the second quarter. Previously, GAPP EPS was expected in the range of $2.85 to 3.05, and non-GAAP earnings per diluted share in the range of $2.80 to 3.00. The shares were bought at an average cost of $26.25 per share, for a total transaction of $525,000.00. The portion of a company's profit allocated to each outstanding share of common stock was $2.8 a share in the trailing twelve months. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dick's Sporting Goods Inc (NYSE:DKS) released its earnings results on Tuesday. The stock has declined 56 percent in the last 12 months. The most current P/E ratio is 8.85 and the market cap of the company is 2.71B. These openings include former TSA and Golfsmith stores that the company converted to Dick's Sporting Goods and Golf Galaxy stores, respectively.

For the current quarter ending in January, Dick's expects its per-share earnings to range from $1.12 to $1.24. Dick's Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%.

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Net sales for the third quarter of 2017 increased 7.4 percent to approximately $1.94 billion. The company reported an EPS of $0.30, but decreasing from $0.48 the previous year, and beating analysts' estimates by $0.04.

Looking ahead, DKS forecast Q4 EPS of $1.12 to $1.24, which would beat the $1.11 per share that analysts are looking for.

The following firms have recently changed their position in DKS. The dividend is payable in cash on December 29, 2017 to stockholders of record at the close of business on December 8, 2017. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.58%. The firm now has a "hold" rating on the sporting goods retailer's stock.

Several other brokerages have also recently issued reports on DKS. Buckingham Research assumed coverage on shares of Dick's Sporting Goods in a report on Monday, July 17th. Dick's Sporting Goods has a 52 week low of $23.88 and a 52 week high of $62.88. The stock now has a consensus rating of "Hold" and a consensus price target of $36.12. Finally, Canaccord Genuity reiterated a "buy" rating and set a $52.00 price objective on shares of Dick's Sporting Goods in a report on Friday, July 21st.

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Dick's Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States.

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