Analysts forecast that Dicks Sporting Goods Inc (NYSE:DKS) will announce $2.35 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Dicks Sporting Goods’ earnings, with the lowest sales estimate coming in at $2.14 billion and the highest estimate coming in at $2.69 billion. Dicks Sporting Goods reported sales of $2.26 billion during the same quarter last year, which indicates a positive year over year growth rate of 4%. The firm is expected to report its next earnings results before the market opens on Wednesday, August 26th.
On average, analysts expect that Dicks Sporting Goods will report full-year sales of $8.26 billion for the current financial year, with estimates ranging from $7.84 billion to $8.79 billion. For the next financial year, analysts forecast that the business will report sales of $8.86 billion, with estimates ranging from $8.50 billion to $9.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, June 2nd. The sporting goods retailer reported ($1.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.71). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Dicks Sporting Goods had a return on equity of 9.84% and a net margin of 1.18%. Dicks Sporting Goods’s quarterly revenue was down 30.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share.
DKS has been the subject of several research reports. Cowen upgraded shares of Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Wednesday, June 24th. UBS Group lifted their target price on shares of Dicks Sporting Goods from $43.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Credit Suisse Group dropped their target price on shares of Dicks Sporting Goods from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, June 3rd. DA Davidson initiated coverage on shares of Dicks Sporting Goods in a report on Friday, August 14th. They issued a “buy” rating and a $57.00 target price for the company. Finally, Nomura Instinet lifted their target price on shares of Dicks Sporting Goods from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Dicks Sporting Goods currently has a consensus rating of “Hold” and an average price target of $44.92.
In related news, SVP John Edward Hayes III sold 2,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $41.22, for a total transaction of $82,440.00. Following the completion of the transaction, the senior vice president now directly owns 36,091 shares of the company’s stock, valued at $1,487,671.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 30.57% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Credit Agricole S A acquired a new position in Dicks Sporting Goods during the first quarter worth about $29,000. Cornerstone Advisors Inc. grew its position in Dicks Sporting Goods by 2,375.0% during the second quarter. Cornerstone Advisors Inc. now owns 693 shares of the sporting goods retailer’s stock worth $29,000 after buying an additional 665 shares during the period. Verus Capital Partners LLC grew its position in Dicks Sporting Goods by 286.5% during the first quarter. Verus Capital Partners LLC now owns 1,600 shares of the sporting goods retailer’s stock worth $34,000 after buying an additional 1,186 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Dicks Sporting Goods by 335.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 870 shares of the sporting goods retailer’s stock worth $36,000 after buying an additional 670 shares during the period. Finally, Captrust Financial Advisors acquired a new position in Dicks Sporting Goods during the second quarter worth about $57,000. Institutional investors own 69.14% of the company’s stock.
Shares of DKS stock traded down $1.27 during trading on Monday, hitting $45.22. 58,073 shares of the stock traded hands, compared to its average volume of 1,969,348. The firm has a market capitalization of $3.90 billion, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 12.06 and a beta of 1.62. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.04 and a quick ratio of 0.92. The firm’s fifty day moving average price is $43.39 and its 200-day moving average price is $35.44. Dicks Sporting Goods has a 52-week low of $13.46 and a 52-week high of $49.80.
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.
Featured Article: QQQ ETF
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.