Equities analysts are predicting that DICK’s Sporting Goods, Inc. (NYSE:DKS – Get Rating) will report sales of $2.63 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for DICK’S Sporting Goods’ earnings. The lowest sales estimate is $2.48 billion and the highest is $2.86 billion. DICK’S Sporting Goods reported sales of $2.92 billion for the same quarter last year, indicating a negative growth rate of 9.9% year over year. The company is expected to release its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect DICK’s Sporting Goods to report full-year sales of $12.15 billion for the current fiscal year, with estimates ranging from $11.82 billion to $12.34 billion. For the next fiscal year, analysts expect the company to report revenue of $12.62 billion, with estimates ranging from $12.12 billion to $12.93 billion. Zacks Investment Research sales calculations are an average based on a survey of research analysts covering DICK’S Sporting Goods.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Tuesday, March 8th. The sporting goods retailer reported earnings per share of $3.64 for the quarter, beating the consensus estimate of $3.54 by $0.10. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The company had revenue of $3.35 billion in the quarter, compared to analyst estimates of $3.31 billion. In the same quarter last year, the company posted $2.43 per share. The company’s revenue for the quarter rose 7.2% year over year.
Several equity analysts recently rated the stock. 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. Zacks Investment Research lowered shares of 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 research note on Monday, May 2nd. DA Davidson lowered its price target on shares of DICK’S Sporting Goods from $165.00 to $147.00 in a research note on Wednesday, March 9th. StockNews.com reported on shares of DICK’S Sporting Goods in a research note on Thursday, March 31st. You give the company a “hold” rating. Finally, Cowen raised his target price on DICK’S Sporting Goods shares to $165.00 from $161.00 and gave the company a rating of “outperform” in a research note on Wednesday, March 9th. One equities research analyst has assigned a sell rating to the company, eleven has given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $137.11.
NYSE:DKS opened at $92.46 on Friday. DICK’S Sporting Goods has a 12-month low of $82.81 and a 12-month high of $147.39. The company has a current ratio of 1.88, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $104.81 and a 200-day moving average of $112.15. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 6.66, a price-to-earnings-to-growth ratio of 1.60 and a beta of 1.60.
The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Registered investors received a dividend of $0.488 per share on Friday, March 18th. That equates to an annualized dividend of $1.95 and a yield of 2.11%. The ex-dividend date of this dividend was Thursday March 17th. This is a positive change from DICK’S Sporting Goods’ previous quarterly dividend of $0.44. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 14.05%.
In other news from DICK’S Sporting Goods, CFO Navdeep Gupta sold 9,614 shares of the stock in a transaction that took place on Friday, April 8th. The stock sold at an average price of $104.13 for a total transaction of $1,001,105.82. Following the transaction, the Chief Financial Officer now owns 95,272 shares of the Company, valued at $9,920,673.36. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In addition, Director Mark J. Barrenechea sold 10,000 shares of the stock in a transaction that took place on Monday, April 11th. The shares sold at an average price of $105.48 for a total value of $1,054,800.00. Following the transaction, the Director now owns 10,159 shares of the Company, valued at approximately $1,071,571.32. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 190,886 shares of the company’s stock valued at $20,211,002. Insiders own 30.09% of the company’s shares.
Several institutional investors have recently changed their positions in DKS. Fifth Third Bancorp increased its stake in DICK’S Sporting Goods by 62.0% during the first quarter. Fifth Third Bancorp now owns 264 shares of the $26,000 sporting goods retailer after purchasing an additional 101 shares last quarter. Pinnacle Holdings LLC acquired a new $31,000 interest in DICK’S Sporting Goods during the third quarter. Missouri Trust & Investment Co acquired a new $34,000 interest in DICK’S Sporting Goods during the fourth quarter. Sageworth Trust Co of South Dakota acquired a new $44,000 interest in DICK’S Sporting Goods during the fourth quarter. Finally, in the fourth quarter, Covestor Ltd acquired a new interest in DICK’S Sporting Goods valued at $48,000. Institutional investors and hedge funds own 78.92% of the company’s shares.
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.
Get a Free Copy of the Zacks Research Report on DICK’S Sporting Goods (DKS)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
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.