Dick's Sporting Goods warns on margins

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(NYSE:DKS) traded down -1.97% in the last session while performance was up 26.32% in the last five days. The original version of this story can be accessed at https://stocknewstimes.com/2017/11/14/oppenheimer-holdings-weighs-in-on-dicks-sporting-goods-incs-q3-2018-earnings-dks.html.

Shares of Dick's Sporting Goods, Inc. Commonwealth Bank of Australia now owns 13,100 shares of the sporting goods retailer's stock valued at $589,000 after buying an additional 200 shares in the last quarter. The stock has a consensus rating of "Hold" and an average price target of $36.12. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer's stock worth $203,000 after acquiring an additional 26 shares in the last quarter. In the last earnings report the EPS was $2.80 with 82.49M shares presently outstanding.

Susquehanna Bancshares lowered the price target on November 10 changing the forecast from $30.00 to $27.00 with a rating of "Neutral". Dick's Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. Finally, Nordea Investment Management AB raised its holdings in shares of Dick's Sporting Goods by 0.5% in the 2nd quarter.

The company expects to open 43 new Dick's Sporting Goods stores and relocate seven Dick's Sporting Goods stores in 2017. Dick's Sporting Goods Inc now has a P/E ratio of 9.34 and market cap is 2.86B. 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. Canaccord Genuity restated a "buy" rating and set a $70.00 target price on shares of Dick's Sporting Goods in a research report on Wednesday, December 28th. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer's stock valued at $151,003,000 after purchasing an additional 1,339,379 shares during the last quarter.

A number of other brokerages have also recently issued reports on DKS. Manning & Napier Advisors LLC bolstered its stake by buying 45,745 shares an increase of 34.4%. (NYSE:DKS) reported third-quarter earnings and revenue that beat estimates, but the sporting goods retailer warned 2018 profit could drop by as much as 20%. Monness Crespi & Hardt cut shares of Dick's Sporting Goods from a "buy" rating to a "neutral" rating in a research report on Wednesday, August 16th.

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For the current quarter ending in January, Dick's expects its per-share earnings to range from $1.12 to $1.24. Four investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have given a buy rating to the stock. Investment Counselors of Maryland LLC grew its position in Dick's Sporting Goods by 1.1% in the second quarter. With short interest at 12,533,861 and short average daily volume at 2,613,136, the short-interest ratio is 5.0 and the percentage of shorted shares is 0.15% as of October 31. The EBITDA Yield for Dick's Sporting Goods, Inc.

Free Cash Flow Growth (FCF Growth) is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year's free cash flow. We plan to make significant investments in our business, which will have short-term negative impact on our earnings; however, we expect these investments will pay meaningful dividends in the future. The dividend is payable in cash on December 29, 2017 to stockholders of record at the close of business on December 8, 2017. Dick's Sporting Goods's payout ratio is now 24.29%.

In other Dick's Sporting Goods news, Director William J. Colombo acquired 20,000 shares of Dick's Sporting Goods stock in a transaction dated Tuesday, August 22nd. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. Following the completion of the acquisition, the director now directly owns 323,224 shares of the company's stock, valued at approximately $8,484,630. HPM Partners LLC purchased a new stake in shares of Dick's Sporting Goods in the 2nd quarter valued at about $272,000.

The company now anticipates reporting non-GAAP earnings per diluted share in the range of $2.92 to 3.04. Corporate insiders own 23.09% of the company's stock.

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 in the eastern United States.

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