$three.38 EPS Anticipated for DICK’S Sporting Items, Inc. (NYSE:DKS) This Quarter

0
54

Wall Street analysts expect DICK’s Sporting Goods, Inc. (NYSE:DKS) to report earnings per share (EPS) of $3.38 for the current fiscal quarter, reports Zacks Investment Research. Seven analysts have provided estimates for DICK’S Sporting Goods’ earnings. The highest EPS estimate is $3.64 and the lowest is $2.36. Dick’s Sporting Goods reported earnings per share of $2.43 for the same quarter last year, indicating a positive growth rate of 39.1% year over year. The company is expected to release its next quarterly results on Tuesday, March 8th.

On average, analysts expect DICK’S Sporting Goods to report full-year earnings per share for the current fiscal year of $15.40, with EPS estimates ranging from $14.40 to $15.71. For the next fiscal year, analysts expect the company to report earnings of $11.09 per share, with EPS estimates ranging from $4.03 to $14.39. Zacks’ average earnings per share is an average based on a survey of research analysts covering DICK’S Sporting Goods.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 23rd. The sporting goods retailer reported earnings per share of $3.19 for the quarter, beating analysts’ consensus estimate of $1.97 by $1.22. The company made $2.75 billion in revenue for the quarter, compared to analysts’ expectations of $2.49 billion. DICK’S Sporting Goods had a net margin of 11.55% and a return on equity of 54.06%. Quarterly sales at DICK’S Sporting Goods increased 13.9% compared to the same quarter last year. In the same period last year, the company generated earnings per share of $2.01.

(Display)

Whether you want to learn the basics of futures or are a seasoned vet looking to improve your trading skills, our guide to technical analysis has everything you need to be successful in today’s futures markets!

A number of equity analysts have covered the company. Cowen raised his price target for DICK’S Sporting Goods from $179.00 to $180.00 and rated the company “above average” in a research note on Friday, November 26. Truist Financial increased its price target for shares of DICK’S Sporting Goods to $168.00 from $161.00 and issued a research note on Monday, January 10th with a rating of “buy”. Morgan Stanley reiterated a “buy” rating and price target of $144.00 on shares of DICK’S Sporting Goods in a report on Friday, November 26th. Zacks Investment Research upgraded DICK’s Sporting Goods from a “hold” rating to a “strong-buy” rating and issued a price target of $136.00 for the stock in a report on Wednesday, October 6th. Finally, Citigroup raised its target price on DICK’S Sporting Goods to $170.00 from $160.00 and issued a research note on Wednesday, November 24th with a rating of “buy”. One investment analyst has rated the stock with a sell rating, nine with a hold rating, eleven with a buy rating and one with a strong buy rating on the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of Buy and an average target price of $128.24.

Also on Wednesday, December 29, CFO Navdeep Gupta sold 18,947 shares of the company’s shares in a transaction. The stock sold at an average price of $107.15 for a total value of $2,030,171.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In addition, Chairman Edward W. Stack acquired 227,000 shares of the company’s shares in a transaction 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 disclosure for this purchase can be found here. Insiders have sold 24,447 shares of the company’s stock valued at $2,660,027 over the past 90 days. 30.09% of the shares are currently owned by company insiders.

Institutional investors and hedge funds recently changed their holdings in the company. Spire Wealth Management acquired a new interest in DICK’S Sporting Goods for approximately $26,000 during the third quarter. Pinnacle Holdings LLC acquired a new interest in shares of DICK’S Sporting Goods valued at $31,000 during the third quarter. Koshinski Asset Management Inc. acquired a new stake in DICK’S Sporting Goods stock valued at $35,000 during the third quarter. Banque Cantonale Vaudoise acquired a new stake in DICK’S Sporting Goods valued at approximately $43,000 in Q3. Finally, Trustcore Financial Services LLC acquired a new position in DICK’S Sporting Goods valued at approximately $44,000 during the third quarter. 86.67% of the shares are owned by institutional investors and hedge funds.

NYSE DKS shares opened at $109.76 on Friday. The company has a 50-day moving average price of $114.95 and a 200-day moving average price of $117.94. The stock has a market cap of $9.51 billion, a P/E of 8.49, a price-to-earnings-to-growth ratio of 0.62, and a beta of 1.71. The company has a quick ratio of 0.58, a current ratio of 1.52 and a debt to equity ratio of 0.17. DICK’S Sporting Goods has a 52-week low of $65.77 and a 52-week high of $147.39.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 29th. A dividend of $0.4375 per share was paid to investors of record on Friday, December 10th. That equates to an annual dividend of $1.75 and a yield of 1.59%. The ex-dividend date of this dividend was Thursday December 9th. The payout ratio of DICK’S Sporting Goods is currently 13.53%.

DICK’S Sporting Goods Company Profile

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.

Further reading: What is a stock portfolio tracker?

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

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

Should You Invest $1,000 in DICK’S Sporting Goods Right Now?

Hear this before you consider DICK’S Sporting Goods.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market follows through… and DICK’S Sporting Goods wasn’t on the list.

While DICK’S Sporting Goods is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.

Check out the 5 stocks here