DICK’S Sporting Goods, Inc. (NYSE: DKS) – Truist Securiti released its fiscal 2022 EPS estimates for DICK’S Sporting Goods in a report released on Wednesday, December 15. Truist Securiti analyst B. Reed expects the sporting goods retailer to post earnings per share of $ 14.80 for the year. Truist Securiti also estimated DICK’s Sporting Goods earnings in Q4 2022 at $ 2.75 EPS, Q1 2023 $ 2.26, Q2 2023 $ 3.88, Q3 $ 2.65 per share in 2023, $ 2.71 per share in Q4 2023, and $ 11.50 per share in fiscal 2023. DICK’s Sporting Goods (NYSE: DKS) last released its quarterly earnings data on Tuesday, November 23rd. The sporting goods retailer reported earnings per share (EPS) of $ 3.19 for the quarter, beating Thomson Reuters’ consensus estimate of $ 1.97 by $ 1.22. DICK’S Sporting Goods had a net margin of 11.55% and a return on equity of 54.06%. The company had revenue of $ 2.75 billion for the quarter, compared to the consensus estimate of $ 2.49 billion. For the same quarter last year, the company posted earnings of $ 2.01 per share. DICK’S Sporting Goods sales increased 13.9% year over year for the quarter.
Other stock research analysts recently released reports on the stock as well. Stephens raised his target price on the shares of DICK’s Sporting Goods from $ 95.00 to $ 129.00 and rated the company as “equilibrium” in a research release on Friday, August 27th. Robert W. Baird raised his price target on the shares of DICK’s Sporting Goods from USD 135.00 to USD 140.00 and rated the company as “neutral” in a research report on Tuesday, November 23rd. The Telsey Advisory Group raised its price target for the shares of DICK’s Sporting Goods from USD 125.00 to USD 153.00 and rated the company as “outperform” in a research report on Thursday, August 26th. Raymond James upgraded the stock of DICK’s Sporting Goods in a research report on Thursday, August 26th, from “underperform” to “market perform”. Finally, Truist Financial began reporting on the stocks of DICK’s Sporting Goods in a research report Thursday. They posted a “Buy” rating and a target price of $ 161.00 for the company. One analyst has rated the stock with a sell rating, nine with a hold rating, twelve with a buy rating, and one with a strong buy rating for the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $ 130.09.
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DKS stock opened at $ 99.91 on Friday. The company has a debt of 0.17, a quick ratio of 0.58 and a current ratio of 1.52. The stock has a market capitalization of $ 8.65 billion, a price to earnings ratio of 7.73, a PEG ratio of 0.61, and a beta of 1.72. DICK’S Sporting Goods has a 1-year low of $ 51.69 and a 1-year high of $ 147.39. The stock’s fifty-day moving average is $ 122.51 and the two-hundred-day moving average is $ 115.65.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 29th. Shareholders of record on Friday December 10th will receive a dividend of $ 0.4375. This equates to a dividend of $ 1.75 on an annual basis and a dividend yield of 1.75%. The ex-dividend date is Thursday December 9th. The DICK’S Sporting Goods dividend payout ratio (DPR) is 13.53%.
In other news, Chairman Edward W. Stack bought 227,000 shares in the company in a transaction that occurred on Tuesday, December 7th. The shares were purchased at an average price of $ 110.30 per share for a total value of $ 25,038,100.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. 30.09% of the shares are currently owned by company insiders.
Institutional investors and hedge funds have recently added or reduced their stake in the stock. Hussman Strategic Advisors Inc. increased its position in stocks of DICK’S Sporting Goods 158.3% in the second quarter. Hussman Strategic Advisors Inc. now owns 37,200 shares in the sporting goods retailer, valued at $ 3,727,000, after purchasing an additional 22,800 shares last quarter. Fulton Bank NA increased its position in DICK’s Sporting Goods by 7.3% in the third quarter. Fulton Bank NA now owns 13,675 shares in the sporting goods retailer valued at $ 1,638,000 after purchasing an additional 927 shares during the period. Envestnet Asset Management Inc. increased its position in DICK’s Sporting Goods by 10.4% in the second quarter. Envestnet Asset Management Inc. now owns 246,307 shares in the sporting goods retailer valued at $ 24,677,000 after acquiring an additional 23,265 shares during the period. Marshall Wace North America LP bought a new stake in DICK’s Sporting Goods worth approximately $ 10,383,000 in the second quarter. Finally, Symmetry Partners LLC increased its position in DICK’s Sporting Goods by 11.6% in the third quarter. Symmetry Partners LLC now owns 11,677 shares in the sporting goods retailer valued at $ 1,379,000 after purchasing an additional 1,216 shares during the reporting period. 89.50% of the shares are currently owned by institutional investors.
About DICK’S sporting goods
Dick’s Sporting Goods, Inc. retailers an extensive line of authentic sports equipment, apparel, shoes, and accessories through a mix of partners, in-store services, and unique specialty stores. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.
See also: Gross Domestic Product (GDP)
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