The firm's revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts predict that Dick's Sporting Goods will post 2.88 EPS for the current year. Dick's Sporting Goods's dividend payout ratio is now 21.11%.
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The company expects to open 43 new Dick's Sporting Goods stores and relocate seven Dick's Sporting Goods stores in 2017. However, it still came in above Wall Street's earnings per share estimate of 26 cents for the quarter, but wasn't enough to save DKS stock. This is an increase over its revenue of $1.81 billion from the third quarter of 2016. The company's quarterly revenue was up 7.4% compared to the same quarter past year. As of October 28, 2017, the company operated 719 Dick's Sporting Goods stores in 47 states, with approximately 38.2 million square feet, 98 Golf Galaxy stores in 32 states, with approximately 2.1 million square feet, and 35 Field & Stream stores in 16 states, with approximately 1.6 million square feet. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of US and worldwide trademark & copyright law.
Several firms have shifted positions in (DKS). The legal version of this article can be read at https://baseballnewssource.com/markets/susquehanna-bancshares-inc-trims-dicks-sporting-goods-inc-dks-target-price-to-27-00/1775995.html. Including today's unusual volume, Dick's Sporting Goods, Inc.'s stock is performing at -50.43% on the year. Wells Fargo & Company set a $29.00 target price on shares of Dick's Sporting Goods and gave the stock a "hold" rating in a research report on Wednesday, October 11th. Finally, Guggenheim reissued a "neutral" rating on shares of Dick's Sporting Goods in a research report on Wednesday, August 16th. They issued a "buy" rating and a $45.00 target price for the company. (NYSE:DKS) traded down 0.90% during mid-day trading on Thursday, hitting $51.50. The stock stands almost -2.37% off versus the 52-week high and 69.32% away from the 52-week low. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.24 and a current ratio of 1.51. We plan to make significant investments in our business, which will have a short-term negative impact on our earnings; however, we expect these investments will pay meaningful dividends in the future. Investors of record on Friday, December 9th were issued a dividend of $0.1513 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. Dick's Sporting Goods's payout ratio is now 24.29%.
In other news, Director William J. Colombo bought 20,000 shares of Dick's Sporting Goods stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $525,000.00. The institutional investor owned 203,000 shares of the sporting goods retailer's stock after selling 122,000 shares during the period. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Dick's Sporting Goods by 4.7% in the first quarter. Utah Retirement Systems now owns 15,917 shares of the sporting goods retailer's stock valued at $903,000 after buying an additional 100 shares in the last quarter. Finally, Buckingham Research assumed coverage on shares of Dick's Sporting Goods in a research report on Monday, July 17th.
Dick's Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 15th. Northwestern Mutual Investment Management Company LLC raised its stake in Dick's Sporting Goods by 1.6% during the second quarter. 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. Renaissance Group LLC grew its position by buying 169,689 shares an increase of 30.7% from 06/30/2017 to 09/30/2017.