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


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.


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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.

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