DICK’S Sporting Items (DKS) Set to Announce Earnings on Wednesday

0
64

DICK’S Sporting Goods (NYSE:DKS – Get Rating) is expected to release its quarterly earnings data before the market opens on Wednesday, May 25. Analysts expect the company to report earnings of $2.42 per share for the quarter. DICK’S Sporting Goods has set its FY2022 guidance at $11,700-$13,100 per share and its FY23 guidance at $11.70-$13.10 per share. Investors interested in registering for the company’s conference call can do so through this link.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its earnings results on Tuesday, March 8th. The sporting goods retailer reported earnings per share of $3.64 for the quarter, beating analysts’ consensus estimate of $3.54 by $0.10. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. The company made $3.35 billion in revenue for the quarter, compared to analysts’ expectations of $3.31 billion. In the same quarter last year, the company earned $2.43 per share. Quarterly sales for DICK’S Sporting Goods increased 7.2% year-on-year. On average, analysts expect Dick’s Sporting Goods to report earnings per share of $13 for the current fiscal year and $13 for the next fiscal year.

DKS opened at $92.47 on Wednesday. The company has a market cap of $7.38 billion, a P/E of 6.66, a PEG ratio of 1.43, and a beta of 1.59. The company’s 50-day simple moving average is $102.44 and its 200-day simple moving average is $110.35. 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 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. That equates to an annual dividend of $1.95 and a yield of 2.11%. This is a positive change from DICK’S Sporting Goods’ previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday March 17th. The payout ratio of DICK’S Sporting Goods is 14.05%.

In other news, SVP Julie Lodge-Jarrett sold 9,139 shares of DICK’S Sporting Goods in a transaction that took place on Tuesday, March 15th. The stock sold at an average price of $109.02 for a total value of $996,333.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. In addition, EVP Lee J. Belitsky sold 30,578 shares of the company’s stock in a transaction that took place on Monday, April 11th. The shares sold at an average price of $107.57 for a total value of $3,289,275.46. Following the sale, the Executive Vice President now directly owns 223,628 shares of the Company, valued at $24,055,663.96. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 190,886 shares of the company’s stock for $20,211,002. Insiders own 32.83% of the company’s shares.

A number of institutional investors and hedge funds have recently added to or reduced their holdings in DKS. Manufacturers Life Insurance Company increased its position in DICK’S Sporting Goods by 17.5% in the fourth quarter. Manufacturers Life Insurance Company now owns 478,752 shares of the sporting goods retailer’s stock valued at $55,051,000 after purchasing an additional 71,421 shares during the period. Morgan Stanley increased its stake in DICK’S Sporting Goods by 27.7% during the second quarter. Morgan Stanley now owns 433,401 shares of the sporting goods retailer, valued at $43,423,000, after purchasing an additional 93,962 shares during the period. First Trust Advisors LP increased its position in DICK’S Sporting Goods by 6.4% during the first quarter. First Trust Advisors LP now owns 355,871 shares of the sporting goods retailer, valued at $35,594,000, after purchasing an additional 21,417 shares during the period. Eaton Vance Management increased its position in shares of DICK’S Sporting Goods by 25.0% in the first quarter. Eaton Vance Management now owns 98,302 shares of the sporting goods retailer, valued at $9,831,000, after purchasing an additional 19,663 shares during the period. Finally, Federated Hermes Inc. increased its stake in DICK’S Sporting Goods by 3.5% during the first quarter. Federated Hermes Inc. now owns 74,378 shares of the sporting goods retailer, valued at $7,440,000, after purchasing an additional 2,526 shares last quarter. Hedge funds and other institutional investors own 78.92% of the company’s shares.

Several equity analysts have published reports on the stock. StockNews.com reported on shares of DICK’S Sporting Goods in a research note on Thursday, March 31st. They give the stock a “hold” rating. Cowen raised his price target on DICK’S Sporting Goods to $165.00 from $161.00 and gave the stock an outperform rating in a research note on Wednesday, March 9th. Barclays lowered its target price on shares of DICK’S Sporting Goods from $147.00 to $134.00 in a report on Friday, April 1. Stephens lowered its price target on shares of DICK’S Sporting Goods from $138.00 to $122.00 and put a breakeven rating on the company in a research report on Wednesday, March 9. Finally, Truist Financial raised its target price on shares of DICK’S Sporting Goods from $168.00 to $180.00 and issued a research note on Wednesday, March 9th, with a “buy” rating of the company. One analyst has rated the stock with a sell rating, eleven have given it a hold rating and eight have given it a buy rating. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of Hold and a consensus price target of $137.11.

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 equipment products; Clothing; and shoes and accessories.

See also

Get News & Reviews for DICK’S Sporting Goods Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for DICK’S Sporting Goods and related companies with MarketBeat.com’s FREE daily email newsletter.