Dick's shares have plummeted 54 percent this year now.
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. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer's stock worth $457,000 after purchasing an additional 300 shares during the period.
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. Corporate insiders own 23.09% of the company's stock. Finally, Capstone Asset Management Co. raised its stake in Dick's Sporting Goods by 2.7% during the second quarter. That's a shift from a prior range of $2.85 to $3.05 per share. Year-to-date, DKS has declined -49.73%, versus a 17.22% rise in the benchmark S&P 500 index during the same period. The company's earnings per diluted share guidance is not dependent upon share repurchases beyond the $242 million executed through the third quarter of fiscal 2017. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Traders are feeling more bearish on Dick's Sporting Goods Inc of late as indicated by the change in short interest. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. With short interest at 12,533,861 and short average daily volume at 2,613,136, days to cover is 5.0 and the percentage of shorted shares is 0.15% as of October 31.
Looking forward, the company's quarterly earnings are expected to come at $0.26 in the three months through October 2017 and $1.11 in the quarter ending January 2018, reflecting -45.83% and -15.91% growth, respectively. Dick's Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. Revenue during the quarter was $32.64 billion, representing 2% growth from $32.04 billion in year-ago quarter. During the same period in the previous year, the business earned $0.48 EPS. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.10.
The following firms have recently changed their position in DKS. Investors of record on Friday, December 8th will be paid a dividend of $0.17 per share.
National Football League owners explore ousting Jerry Jones over Goodell opposition
Meanwhile, Falcons owner Arthur Blank , the compensation committee's chairman, doesn't appear to be taking Jones' advice. Jones' battle with the league has heightened in recent weeks with his frustration with Goodell.
On November 9, 2017, the company's Board of Directors authorized and declared a quarterly dividend in the amount of $0.17 per share on the company's Common Stock and Class B Common Stock. Dick's Sporting Goods's payout ratio is now 24.29%.
A number of equities research analysts have issued reports on the stock.
A few analysts have released ratings on DKS. If the published price targets set by Cardinal Health, Inc. analysts have any power to influence the stock's share price, the highest price target set for CAH is $84. BMO Capital Markets reiterated an "outperform" rating on shares of Dick's Sporting Goods in a report on Thursday, September 14th.
On November 3 Cowen and Company kept the company rating at "Hold" with a current price target of $28.00. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/14/dicks-sporting-goods-inc-dks-pt-set-at-27-00-by-canaccord-genuity.html.
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