DICK’S Sporting Items (NYSE:DKS) Points FY 2022 Earnings Steering

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DICK’S Sporting Goods (NYSE:DKS – Get Rating) updated its earnings guidance for fiscal 2022 on Tuesday. The company provided EPS guidance of $11,700 to $13,100 for the period, compared to Thomson Reuters consensus EPS estimate of $11,310. The company gave a sales forecast of -.

Several research analysts have issued reports on the stock. Stephens lowered its price target on shares of DICK’S Sporting Goods from $138.00 to $122.00 and put an equal-weight rating on the stock in a report on Wednesday, March 9. Cowen raised his price target on shares of DICK’S Sporting Goods to $165.00 from $161.00 and gave the stock an outperformance rating in a report on Wednesday, March 9. DA Davidson lowered its target price on shares of DICK’S Sporting Goods from $165.00 to $147.00 in a report on Wednesday, March 9th. Truist Financial increased its price target for shares of DICK’S Sporting Goods to $180.00 from $168.00 and gave the stock a buy rating in a report on Wednesday, March 9. Finally, Stifel Nicolaus increased his price target on shares of DICK’S Sporting Goods to $130.00 from $126.00 and gave the stock a hold rating in a report on Tuesday, November. One equities research analyst has assigned a sell rating to the company, eleven has given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $136.56.

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DICK’S Sporting Goods shares opened Tuesday at $108.93. The company has a market cap of $9.43 billion, a P/E ratio of 7.85, a PEG ratio of 1.82, and a beta of 1.70. 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 has a 50-day moving average price of $110.29 and a 200-day moving average price of $117.86. DICK’S Sporting Goods has a 52-week low of $72.13 and a 52-week high of $147.39.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly earnings data on Tuesday, March 8th. The sporting goods retailer reported earnings per share of $3.64 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 net margin of 12.36% and a return on equity of 60.28%. DICK’S Sporting Goods sales increased 7.2% year over year. In the same period last year, the company posted $2.43 per share. As a group, research analysts expect Dick’s Sporting Goods to post fiscal year earnings per share of $12.57.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 25th. Investors of record on Friday, March 18 will receive a dividend of $0.488. This is a positive change from DICK’S Sporting Goods’ previous quarterly dividend of $0.44. That equates to an annualized dividend of $1.95 and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday March 17th. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 14.05%.

In related news, CFO Navdeep Gupta sold 18,947 shares of the stock in a transaction that took place on Wednesday, December 29th. The shares sold at an average price of $107.15 for a total value of $2,030,171.05. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In addition, SVP John Edward Hayes III sold 800 shares of the stock in a transaction that took place on Wednesday, January 12th. The stock sold at an average price of $114.28 for a total transaction of $91,424.00. The disclosure for this sale can be found here. Insiders sold a total of 72,685 shares of the company’s shares worth $8,004,654 over the past ninety days. 30.09% of the shares are currently owned by insiders.

Several hedge funds and other institutional investors have recently changed their holdings of DKS. 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. Manufacturers Life Insurance Company increased its stake in DICK’S Sporting Goods by 17.5% during 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. Marshall Wace LLP increased its stake in DICK’S Sporting Goods by 29.7% during the fourth quarter. Marshall Wace LLP now owns 44,844 shares of the sporting goods retailer valued at $5,157,000 after purchasing an additional 10,257 shares during the period. Glenmede Trust Co. NA increased its stake in DICK’S Sporting Goods by 107.9% during the fourth quarter. Glenmede Trust Co. NA now owns 16,544 shares of the sporting goods retailer, valued at $1,901,000, after purchasing an additional 8,587 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of DICK’S Sporting Goods valued at approximately $822,000 in Q4. 92.06% of the shares are currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile (received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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