Equities analysts expect DICK’s Sporting Goods, Inc. (NYSE:DKS – Get Rating) to report earnings per share of $2.42 for the current quarter, reports Zacks Investment Research. Eight analysts have come up with estimates for DICK’S Sporting Goods earnings, with estimates ranging from $1.85 to $3.49. Dick’s Sporting Goods reported earnings of $3.79 per share for the same quarter last year, indicating a negative growth rate of 36.1% year over year. The company is expected to report its next quarterly results before the market opens on Monday, January 1st.
On average, analysts expect DICK’S Sporting Goods to report full-year earnings per share for the current fiscal year of $12.62, with EPS estimates ranging from $11.70 to $13.10. For the next year, analysts expect the company to report earnings of $13.25 per share, with EPS estimates ranging from $10.78 to $14.41. Zacks EPS calculations are an average based on a survey of market research firms covering DICK’S Sporting Goods.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly results on Tuesday, March 8th. The sporting goods retailer reported $3.64 EPS for the quarter, beating the consensus estimate of $3.54 by $0.10. The company had revenue of $3.35 billion in the quarter, compared to analyst estimates of $3.31 billion. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The company’s revenue rose 7.2% year over year. For the same period last year, the company posted earnings per share of $2.43.
Several equity analysts have commented on DKS stock. Wells Fargo & Company lowered its price target on shares of DICK’S Sporting Goods to $122.00 from $132.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 24. Citigroup increased its price target for DICK’S Sporting Goods to $170.00 from $161.00 in a report Wednesday, March 9. StockNews.com began coverage of DICK’S Sporting Goods in a report on Thursday, March 31st. They gave the company a “hold” rating. Zacks Investment Research downgraded DICK’s Sporting Goods from a “buy” rating to a “hold” rating and set a price target of $108.00 for the company. in a report on Monday 2 May. Finally, DA Davidson lowered its price target for DICK’S Sporting Goods from $165.00 to $147.00 in a report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $137.11.
Shares of DICK’S Sporting Goods opened at $92.46 on Thursday. The company has a market cap of $8.01 billion, a P/E of 6.66, a P/E of 1.63, and a beta of 1.60. DICK’S Sporting Goods has a 52-week low of $82.81 and a 52-week high of $147.39. The company has a quick ratio of 1.04, a current ratio of 1.88 and a debt to equity ratio of 0.92. The company’s 50-day moving average is $104.81 and its 200-day moving average is $112.09.
The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record were paid a dividend of $0.488 on Friday, March 18th. The ex-dividend date of this dividend was Thursday March 17th. That equates to an annual dividend of $1.95 and a yield of 2.11%. This is an increase from DICK’S Sporting Goods’ prior quarterly dividend of $0.44. DICK’S Sporting Goods Dividend Payout Ratio (DPR) is 14.05%.
In related news, Director Mark J. Barrenechea sold 10,000 shares of DICK’S Sporting Goods in a transaction dated Monday, April 11. The stock sold at an average price of $105.48 for a total transaction of $1,054,800.00. Upon completion of the sale, the Director now owns 10,159 shares of the Company, valued at approximately $1,071,571.32. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, EVP Lee J. Belitsky sold 36,473 shares of DICK’S Sporting Goods in a transaction on Thursday, March 17th. The stock sold at an average price of $111.25 for a total value of $4,057,621.25. The disclosure for this sale can be found here. Over the past three months, insiders sold 190,886 shares of the company’s stock valued at $20,211,002. 30.09% of the shares are owned by company insiders.
A number of large investors have recently changed their holdings in DKS. Norges Bank acquired a new interest in DICK’S Sporting Goods valued at approximately $84,873,000 during the fourth quarter. Goldman Sachs Group Inc. increased its stake in DICK’S Sporting Goods by 18.4% in the third quarter. Goldman Sachs Group Inc. now owns 2,318,344 shares of the sporting goods retailer worth $277,668,000 after purchasing an additional 360,476 shares last quarter. FMR LLC increased its position in DICK’S Sporting Goods by 32.4% during the first quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer valued at $52,679,000 after purchasing an additional 350,515 shares during the period. HS Management Partners LLC acquired a new interest in DICK’S Sporting Goods valued at $34,787,000 during the fourth quarter. Finally, Squarepoint Ops LLC increased its stake in DICK’S Sporting Goods by 453.6% during the third quarter. Squarepoint Ops LLC now owns 300,484 shares of the sporting goods retailer, valued at $35,989,000, after purchasing an additional 246,201 shares last quarter. 78.92% of the shares are currently owned by hedge funds and other institutional investors.
DICK’S Sporting Goods Company Profile (received rating)
DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; Clothing; and shoes and accessories.
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