DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) – Analysts at DA Davidson lowered their EPS estimates for the first quarter of 2023 for DICK’S Sporting Goods stock in a research report published on Monday, May 2nd. DA Davidson analyst M. Baker now forecasts the sporting goods retailer to earn $2.45 per share for the quarter, down from its previous estimate of $2.78. DA Davidson also released estimates for fiscal 2023 earnings of DICK’S Sporting Goods of $12.69 per share and fiscal 2024 of $14.41 per share.
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 Thomson Reuters 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 return on equity of 60.28% and a net margin of 12.36%. 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 other equity analysts have also recently published reports on DKS. Barclays lowered its target price on shares of DICK’S Sporting Goods to $134.00 from $147.00 in a research note on Friday, April 1. StockNews.com began coverage of DICK’S Sporting Goods in a report on Thursday, March 31st. They gave the company a “hold” rating. Citigroup raised its target price on DICK’S Sporting Goods from $161.00 to $170.00 in a research note on Wednesday, March 9th. Truist Financial raised its target price on DICK’S Sporting Goods to $180.00 from $168.00 and gave the stock a “buy” rating in a research report on Wednesday, March 9th. Finally, Wedbush lowered its target price on DICK’S Sporting Goods from $155.00 to $140.00 in a report on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $134.68.
DKS opened at $99.73 on Tuesday. DICK’S Sporting Goods has a 1-year low of $82.81 and a 1-year high of $147.39. The company has a 50-day moving average price of $105.08 and a 200-day moving average price of $112.67. The company has a debt to equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.88. The company has a market cap of $8.64 billion, a P/E of 7.19, a price-to-earnings-to-growth ratio of 1.52 and a beta of 1.59.
The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 18 received a dividend of $0.488 per share. This is an increase from DICK’S Sporting Goods’ prior quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday March 17th. That equates to an annualized dividend of $1.95 and a dividend yield of 1.96%. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 14.05%.
In other news from DICK’S Sporting Goods, on Thursday, March 17, EVP Lee J. Belitsky sold 36,473 shares of the stock in one transaction. The shares sold at an average price of $111.25 for a total transaction of $4,057,621.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC’s website. In addition, EVP Lee J. Belitsky sold 30,578 shares of the company’s shares in a transaction on Monday, April 11th. The stock sold at an average price of $107.57 for a total transaction of $3,289,275.46. Upon closing of the transaction, the Executive Vice President now owns 223,628 shares of the Company, valued at $24,055,663.96. The disclosure for this sale can be found here. Insiders sold 190,886 shares of the company’s shares worth $20,211,002 last quarter. Insiders own 30.09% of the company’s shares.
A number of hedge funds and other institutional investors recently changed their holdings in the company. FMR LLC increased its position in shares of 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. Morgan Stanley added 27.7% to its stake in DICK’S Sporting Goods in 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. Victory Capital Management Inc. increased its stake in DICK’S Sporting Goods by 11.4% during the third quarter. Victory Capital Management Inc. now owns 61,940 shares of the sporting goods retailer valued at $7,419,000 after purchasing an additional 6,320 shares during the period. The North Carolina State Treasurer increased its holdings of DICK’S Sporting Goods stock by 3.5% in the third quarter. The North Carolina State Treasurer now owns 22,637 shares of the sporting goods retailer, valued at $2,711,000, after purchasing an additional 759 shares last quarter. Finally, during the third quarter, Cullen Frost Bankers Inc. acquired a new position in shares of DICK’S Sporting Goods valued at approximately $72,000. 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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