DICK’S Sporting Goods (NYSE: DKS) will release its quarterly earnings data before the market opens on Wednesday May 26th. Analysts expect the company to post earnings of $ 0.91 per share for the quarter. Parties wishing to join the company’s conference call can do so using this link.
DICK’S Sporting Goods (NYSE: DKS) last released its quarterly earnings data on Monday March 8th. The sporting goods retailer reported earnings per share of $ 2.43 for the quarter, beating the consensus estimate of $ 2.21 by $ 0.22. DICK’S Sporting Goods had a net margin of 4.20% and a return on equity of 25.52%. The company had revenue of $ 3.13 billion for the quarter, compared to analyst expectations of $ 3.07 billion. For the same quarter last year, the company posted earnings of $ 1.32 per share. DICK’S Sporting Goods sales increased 19.8% year over year for the quarter. On average, analysts expect DICK’S Sporting Goods to generate earnings per share of $ 6 for the current fiscal year and earnings per share of $ 5 for the next fiscal year.
DICK’S Sporting Goods shares opened at $ 86.93 on Wednesday. DICK’S Sporting Goods has a 1-year low of $ 28.78 and a 1-year high of $ 91.80. The company has a market cap of $ 7.76 billion, a PE ratio of 21.41, a PEG ratio of 1.84, and a beta of 1.62. The company has a leverage ratio of 0.19, a current rate of 1.40, and a fast rate of 0.48. The company has a 50-day simple moving average of $ 83.80 and a two-hundred-day simple moving average of $ 69.53.
The company recently announced a quarterly dividend, which was paid on Friday, March 26th. On Friday March 19th, shareholders of record received a dividend of $ 0.3625 per share. The ex-dividend day was Thursday, March 18th. This is a positive change from DICK’S Sporting Goods’ previous quarterly dividend of $ 0.31. This equates to an annualized dividend of $ 1.45 and a yield of 1.67%. The payout ratio of DICK’S Sporting Goods is currently 39.30%.
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Several equity analysts have published reports on DKS shares. Wedbush raised its price target on shares of DICK’S Sporting Goods from USD 85.00 to USD 97.00 and rated the company as “Outperform” in a research report on Monday. DA Davidson cut its price target on shares of DICK’S Sporting Goods from $ 88.00 to $ 82.00 and issued a buy rating for the company in a report on Tuesday, March 16. Goldman Sachs Group raised its target price on shares of DICK’S Sporting Goods from $ 76.00 to $ 91.00 and rated the stock as a “Buy” in a report on Monday, May 10th. Barclays raised its target price on shares of DICK’S Sporting Goods from $ 80.00 to $ 86.00 and rated the stock as overweight in a report on Wednesday March 10th. Finally, UBS Group raised its price target for shares in DICK’S Sporting Goods from $ 64.00 to $ 75.00 and gave the stock a “neutral” rating in a report on Thursday, March 4th. Two analysts have given the share a sell rating, nine with a hold rating and twelve with a buy rating. The stock has a consensus rating of “Hold” and a consensus price target of $ 74.27.
In related news, director William J. Colombo sold 15,080 shares in the company in a transaction dated Friday March 12th. The shares were sold at an average price of $ 75.00 for a total value of $ 1,131,000.00. Following the transaction, the director now owns 255,585 shares in the company valued at approximately $ 19,168,875. The sale was disclosed in a document filed with the SEC, which is available on the SEC website. In addition, CFO Lee J. Belitsky sold 25,000 shares in the company on Monday, March 22nd. The stock was sold at an average price of $ 79.25 for a total transaction of $ 1,981,250.00. Upon completion of the transaction, the CFO now holds 279,647 shares in the company valued at approximately $ 22,162,024.75. The disclosure for this sale can be found here. Insiders have sold a total of 58,343 shares in the company for $ 4,500,878 in the past ninety days. Insiders own 30.57% of the company’s shares.
Company profile of DICK’S Sporting Goods
DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer mainly in the eastern United States. It offers hard lines including sporting goods, fitness equipment, golf equipment, and hunting and fishing equipment. Clothing; as well as shoes and accessories.
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