Equities analysts are predicting that DICK’s Sporting Goods, Inc. (NYSE:DKS – Get Rating) will report earnings per share of $4.12 for the current quarter, reports Zacks Investment Research. Seven analysts have issued estimates for DICK’S Sporting Goods’ earnings, with the highest EPS estimate at $4.53 and the lowest estimate at $3.73. Dick’s Sporting Goods reported earnings of $5.08 per share for the same quarter last year, indicating a negative growth rate of 18.9% year over year. The company is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect DICK’s Sporting Goods to report year-to-date full-year earnings per share of $12.50 with EPS estimates ranging from $11.70 to $12.96. For the next year, analysts expect the company to report earnings of $12.91 per share, with EPS estimates ranging from $10.78 to $13.90. Zacks earnings per share 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 reported its earnings results on Wednesday, May 25th. The sporting goods retailer reported earnings per share of $2.85 for the quarter, beating the consensus estimate of $2.42 by $0.43. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.63 billion. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. The company’s revenue for the quarter declined 7.5% compared to the same quarter last year. For the same period last year, the company reported earnings per share of $3.79.
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Several research analysts have recently issued comments on DKS stock. Robert W. Baird cut his target price on DICK’S Sporting Goods from $115.00 to $85.00 and rated the company as “neutral” in a research report on Wednesday. Citigroup lowered its target price on DICK’S Sporting Goods to $132.00 from $170.00 and gave the company a buy rating in a research report on Thursday. Wells Fargo & Company lowered its price target for DICK’S Sporting Goods from $132.00 to $122.00 and gave the company an “equal weight” rating in a research report Thursday, March 24. DA Davidson lowered its price target on DICK’S Sporting Goods from $165.00 to $147.00 in a research note on Wednesday, March 9th. Finally, Truist Financial increased its target price on DICK’S Sporting Goods to $180.00 from $168.00 and gave the company on Wednesday, March 9th an investment analyst has rated the stock with a sell rating, ten with a hold rating and nine with one purchase rating. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $121.61.
Also on Monday, April 11, Director Mark J. Barrenechea sold 10,000 shares of DICK’S Sporting Goods in a transaction. The shares were sold at an average price of $105.48 for a total transaction of $1,054,800.00. Following the transaction, the Director now owns 10,159 shares of the Company, valued at $1,071,571.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC’s website. Also on Tuesday, April 5, EVP Donald J. Germano sold 54,210 shares of DICK’S Sporting Goods in a transaction. The stock sold at an average price of $99.68 for a total transaction of $5,403,652.80. Following the transaction, the Executive Vice President now owns 91,269 shares of the Company, valued at approximately $9,097,693.92. 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 32.83% of the company’s shares.
Several major investors have recently bought and sold shares in DKS. Fifth Third Bancorp increased its position in DICK’S Sporting Goods by 62.0% in the first quarter. Fifth Third Bancorp now owns 264 shares of the $26,000 sporting goods retailer after buying another 101 shares last quarter. Pinnacle Holdings LLC acquired a new interest in shares of DICK’S Sporting Goods valued at approximately $31,000 during the third quarter. Missouri Trust & Investment Co acquired a new interest in shares of DICK’S Sporting Goods valued at approximately $34,000 during the fourth quarter. Huntington National Bank increased its stake in DICK’S Sporting Goods by 36,600.0% during the first quarter. Huntington National Bank now owns 367 shares of the $37,000 sporting goods retailer after buying another 366 shares last quarter. Finally, in the fourth quarter, South Dakota-based Sageworth Trust Co acquired a new interest in DICK’S Sporting Goods stock valued at approximately $44,000. 78.92% of the shares are owned by institutional investors.
Shares of DKS stock rose $4.82 during Thursday trading hours to hit $82.96. The company had a trading volume of 88,718 shares compared to its average volume of 2,240,669. DICK’S Sporting Goods has a 12-month low of $63.45 and a 12-month high of $147.39. The stock’s 50-day simple moving average is $98.49 and its 200-day simple moving average is $108.36. 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 $6.62 billion, a P/E of 5.96, a price-to-earnings-to-growth ratio of 1.26 and a beta of 1.60.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10 will receive a dividend of $0.488 per share. The ex-dividend date is Thursday June 9th. That equates to an annual dividend of $1.95 and a dividend yield of 2.35%. DICK’S Sporting Goods payout rate is currently 14.05%.
About DICK’S sporting goods (get 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 equipment products; Clothing; and shoes and accessories.
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