Brokerages expect Dicks Sporting Goods Inc (NYSE:DKS) to post sales of $2.56 billion for the current quarter, Zacks reports. Five analysts have made estimates for Dicks Sporting Goods’ earnings, with the highest sales estimate coming in at $2.61 billion and the lowest estimate coming in at $2.51 billion. Dicks Sporting Goods reported sales of $2.49 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The business is expected to announce its next quarterly earnings results on Tuesday, March 10th.
According to Zacks, analysts expect that Dicks Sporting Goods will report full year sales of $8.71 billion for the current financial year, with estimates ranging from $8.66 billion to $8.75 billion. For the next year, analysts anticipate that the firm will post sales of $8.84 billion, with estimates ranging from $8.76 billion to $8.93 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.14. Dicks Sporting Goods had a return on equity of 17.68% and a net margin of 3.82%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Dicks Sporting Goods’s revenue for the quarter was up 5.6% on a year-over-year basis.
Several equities research analysts have commented on DKS shares. Zacks Investment Research raised shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Thursday, November 28th. TheStreet raised Dicks Sporting Goods from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. Robert W. Baird upped their target price on Dicks Sporting Goods from $36.00 to $51.00 and gave the stock a “positive” rating in a research note on Tuesday, November 26th. Royal Bank of Canada reaffirmed a “market perform” rating on shares of Dicks Sporting Goods in a report on Monday, December 2nd. Finally, Stifel Nicolaus raised their target price on Dicks Sporting Goods from $38.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.17.
Several institutional investors have recently bought and sold shares of the company. Man Group plc grew its stake in Dicks Sporting Goods by 82.1% in the 2nd quarter. Man Group plc now owns 76,455 shares of the sporting goods retailer’s stock valued at $2,647,000 after acquiring an additional 34,468 shares during the period. GAM Holding AG increased its stake in shares of Dicks Sporting Goods by 15.0% during the second quarter. GAM Holding AG now owns 76,157 shares of the sporting goods retailer’s stock worth $2,637,000 after purchasing an additional 9,950 shares in the last quarter. Aperio Group LLC increased its stake in shares of Dicks Sporting Goods by 15.0% during the second quarter. Aperio Group LLC now owns 197,145 shares of the sporting goods retailer’s stock worth $6,827,000 after purchasing an additional 25,706 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Dicks Sporting Goods by 2.7% during the 3rd quarter. California Public Employees Retirement System now owns 256,616 shares of the sporting goods retailer’s stock worth $10,472,000 after purchasing an additional 6,656 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Dicks Sporting Goods by 158.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 461,164 shares of the sporting goods retailer’s stock worth $18,762,000 after purchasing an additional 282,944 shares during the last quarter. Institutional investors and hedge funds own 78.36% of the company’s stock.
NYSE:DKS opened at $47.59 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.38 and a quick ratio of 0.15. The company’s fifty day moving average price is $41.78 and its 200-day moving average price is $37.46. Dicks Sporting Goods has a 1-year low of $29.69 and a 1-year high of $48.33. The firm has a market capitalization of $4.06 billion, a P/E ratio of 14.69, a PEG ratio of 1.99 and a beta of 0.61.
The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, December 12th. Dicks Sporting Goods’s dividend payout ratio is currently 33.95%.
Dicks Sporting Goods Company Profile
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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