Brokerages predict that Dicks Sporting Goods Inc (NYSE:DKS) will post earnings of $0.81 per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Dicks Sporting Goods’ earnings, with the lowest EPS estimate coming in at ($0.25) and the highest estimate coming in at $1.85. Dicks Sporting Goods posted earnings of $1.26 per share during the same quarter last year, which suggests a negative year over year growth rate of 35.7%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, August 26th.
According to Zacks, analysts expect that Dicks Sporting Goods will report full-year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from ($0.80) to $1.65. For the next fiscal year, analysts anticipate that the business will report earnings of $3.21 per share, with EPS estimates ranging from $2.20 to $3.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, June 2nd. The sporting goods retailer reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.71). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Dicks Sporting Goods had a net margin of 1.18% and a return on equity of 9.84%. The business’s revenue for the quarter was down 30.6% compared to the same quarter last year. During the same period last year, the company posted $0.62 EPS.
Several brokerages have recently weighed in on DKS. Robert W. Baird raised their price target on Dicks Sporting Goods from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. UBS Group raised their price target on Dicks Sporting Goods from $43.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Bank of America raised their price target on Dicks Sporting Goods from $38.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Susquehanna Bancshares reaffirmed a “buy” rating and set a $59.00 price objective on shares of Dicks Sporting Goods in a research report on Monday, August 10th. Finally, Cowen raised Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Wednesday, June 24th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company’s stock. Dicks Sporting Goods presently has an average rating of “Hold” and a consensus price target of $44.92.
DKS traded down $1.27 during trading on Friday, reaching $45.22. The stock had a trading volume of 58,073 shares, compared to its average volume of 1,969,348. The stock’s 50 day moving average is $43.39 and its two-hundred day moving average is $35.44. The company has a current ratio of 2.04, a quick ratio of 0.92 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 45.20, a P/E/G ratio of 12.06 and a beta of 1.62. Dicks Sporting Goods has a one year low of $13.46 and a one year high of $49.80.
In other Dicks Sporting Goods news, SVP John Edward Hayes III sold 2,000 shares of Dicks Sporting Goods stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $41.22, for a total value of $82,440.00. Following the sale, the senior vice president now owns 36,091 shares of the company’s stock, valued at approximately $1,487,671.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 30.57% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DKS. FMR LLC increased its stake in Dicks Sporting Goods by 96.1% in the 2nd quarter. FMR LLC now owns 4,271,686 shares of the sporting goods retailer’s stock worth $176,249,000 after acquiring an additional 2,093,232 shares during the last quarter. HS Management Partners LLC boosted its holdings in shares of Dicks Sporting Goods by 41.4% in the 1st quarter. HS Management Partners LLC now owns 4,279,419 shares of the sporting goods retailer’s stock worth $90,980,000 after purchasing an additional 1,252,560 shares during the period. Balyasny Asset Management LLC boosted its holdings in shares of Dicks Sporting Goods by 394.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,383,973 shares of the sporting goods retailer’s stock worth $57,103,000 after purchasing an additional 1,103,907 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Dicks Sporting Goods by 3,144.9% in the 2nd quarter. Federated Hermes Inc. now owns 584,668 shares of the sporting goods retailer’s stock worth $24,124,000 after purchasing an additional 566,650 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Dicks Sporting Goods by 63.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,370,203 shares of the sporting goods retailer’s stock worth $29,129,000 after purchasing an additional 533,820 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.
About Dicks Sporting Goods
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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