Equities analysts predict that Dicks Sporting Goods Inc (NYSE:DKS) will report $0.64 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Dicks Sporting Goods’ earnings, with the highest EPS estimate coming in at $1.07 and the lowest estimate coming in at ($0.25). Dicks Sporting Goods posted earnings of $1.26 per share during the same quarter last year, which would indicate a negative year over year growth rate of 49.2%. The business is scheduled to announce its next earnings report on Thursday, August 27th.
According to Zacks, analysts expect that Dicks Sporting Goods will report full-year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from ($0.80) to $0.70. For the next year, analysts expect that the firm will report earnings of $3.12 per share, with EPS estimates ranging from $2.20 to $3.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, June 2nd. The sporting goods retailer reported ($1.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.71). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. Dicks Sporting Goods had a return on equity of 9.84% and a net margin of 1.18%. The firm’s revenue for the quarter was down 30.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS.
A number of analysts have recently weighed in on the company. UBS Group lowered their price objective on Dicks Sporting Goods from $50.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Cfra cut their price objective on Dicks Sporting Goods from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Oppenheimer raised Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a report on Tuesday. Stifel Nicolaus increased their price objective on Dicks Sporting Goods from $26.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, June 2nd. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $40.00 price objective (down from $51.00) on shares of Dicks Sporting Goods in a report on Tuesday, March 10th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $41.52.
Institutional investors and hedge funds have recently modified their holdings of the company. Independent Advisor Alliance acquired a new stake in shares of Dicks Sporting Goods in the fourth quarter valued at approximately $315,000. Virginia Retirement Systems ET AL purchased a new stake in Dicks Sporting Goods in the 1st quarter valued at approximately $540,000. Hennessy Advisors Inc. purchased a new stake in Dicks Sporting Goods in the 1st quarter valued at approximately $1,216,000. Great West Life Assurance Co. Can boosted its holdings in Dicks Sporting Goods by 606.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 250,913 shares of the sporting goods retailer’s stock valued at $12,310,000 after purchasing an additional 215,400 shares in the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Dicks Sporting Goods by 24.4% in the 1st quarter. Texas Permanent School Fund now owns 54,113 shares of the sporting goods retailer’s stock valued at $1,150,000 after purchasing an additional 10,613 shares in the last quarter. Hedge funds and other institutional investors own 69.59% of the company’s stock.
Shares of Dicks Sporting Goods stock traded down $1.71 during trading on Monday, reaching $36.31. The company’s stock had a trading volume of 122,685 shares, compared to its average volume of 2,758,245. The company has a quick ratio of 0.92, a current ratio of 2.04 and a debt-to-equity ratio of 2.54. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 35.04, a P/E/G ratio of 11.88 and a beta of 1.59. Dicks Sporting Goods has a 1-year low of $13.46 and a 1-year high of $49.80. The company has a 50-day simple moving average of $31.11 and a two-hundred day simple moving average of $37.04.
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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