According to Zacks Investment Research, stock research analysts predict that DICK’s Sporting Goods, Inc. (NYSE: DKS) will post earnings per share of $ 1.64 for the current quarter. Six analysts have released estimates for DICK’S Sporting Goods earnings, with estimates ranging from $ 0.44 to $ 2.42. DICK’S Sporting Goods posted earnings per share of $ 2.01 for the same quarter last year, indicating a negative year-over-year growth rate of 18.4%. The company is expected to announce its next quarterly earnings report on Tuesday, November 23rd.
On average, analysts expect DICK’s Sporting Goods to post full year earnings of $ 12.03 per share for the current fiscal year, with EPS estimates ranging between $ 8.00 and $ 13.36. For the next year, analysts predict the company will post earnings of $ 9.13 per share, with EPS estimates ranging between $ 4.16 and $ 11.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts covering DICK’s Sporting Goods.
DICK’s Sporting Goods (NYSE: DKS) last released its quarterly results on Tuesday, August 24th. The sporting goods retailer reported earnings per share (EPS) for the quarter of $ 5.08, beating Thomson Reuters’ consensus estimate of $ 2.80 by $ 2.28. DICK’S Sporting Goods had a return on equity of 50.69% and a net margin of 10.69%. The company had revenue of $ 3.28 billion for the quarter, compared to analyst estimates of $ 2.84 billion. For the same quarter last year, the company had earnings per share of $ 3.21. DICK’S Sporting Goods sales increased 20.8% year over year for the quarter.
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A number of research companies have recently commented on DKS. Bank of America raised its target price for DICK’s Sporting Goods from USD 115.00 to USD 160.00 and rated the company as “Buy” in a research report on Thursday, August 26th. Argus raised its price target for DICK’s Sporting Goods from $ 92.00 to $ 110.00 and rated the stock as a “Buy” in a report on Monday, June 7th. Wells Fargo & Company began reporting on DICK’s Sporting Goods in a report on Wednesday, August 11th. You rated the share as “equal weight”. Raymond James upgraded DICK’S Sporting Goods in a report on Thursday the 26.Finally, Cowen raised his target price on DICK’s Sporting Goods from $ 150.00 to $ 170.00 and valued the stock in a report on Thursday, August 26th. as “outperform”. Ten investment analysts have given the stock a hold rating and eleven a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $ 126.25.
DICK’s Sporting Goods stock traded around $ 3.85 during Friday’s trading hours to hit $ 131.37. The company’s stock had a trading volume of 2,630,255 shares versus an average volume of 1,947,776. DICK’S Sporting Goods has a 12-month low of $ 50.88 and a 12-month high of $ 147.39. The company has a debt of 0.14, a quick ratio of 0.94 and a current ratio of 1.72. The company has a market cap of $ 11.64 billion, a P / E of 10.96, a PEG ratio of 0.84, and a beta of 1.74. The company has a 50-day moving average price of $ 119.75 and a 200-day moving average price of $ 99.50.
The company also recently announced a quarterly dividend, which was paid on Friday, September 24th. Shareholders of record on Friday, September 10th, received a dividend of $ 0.4375 per share. This equates to an annualized dividend of $ 1.75 and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday September 9th. This is a positive change from DICK’s Sporting Goods’ previous quarterly dividend of $ 0.36. The payout ratio of DICK’S Sporting Goods is currently 28.59%.
In other DICK’s Sporting Goods news, EVP Vladimir Rak sold 10,011 shares in the company in a transaction that occurred on Wednesday September 1st. The stock was sold at an average price of $ 145.08 for a total value of $ 1,452,395.88. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In addition, SVP John Edward Hayes III sold 2,379 shares in the company in a transaction that occurred on Thursday, August 26th. The shares were sold at an average price of $ 131.00 for a total of $ 311,649.00. The disclosure for this sale can be found here. In the past ninety days, insiders have sold 68,123 shares in the company valued at $ 9,468,718. Company insiders own 30.09% of the company’s shares.
Several major investors have recently bought and sold DKS shares. Cypress Point Wealth Management LLC took a new position in shares of DICK’s Sporting Goods valued at $ 25,000 in the second quarter. Ameritas Investment Company LLC added a new position in shares of DICK’s Sporting Goods worth $ 33,000 in the first quarter. Tradition Wealth Management LLC added a new position in DICK’s Sporting Goods shares for $ 38,000 in the first quarter. TCTC Holdings LLC increased its stake in DICK’S Sporting Goods by 104.1% in the first quarter. TCTC Holdings LLC now owns 645 shares of the sporting goods retailer valued at $ 49,000 after purchasing an additional 329 shares last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in DICK’s Sporting Goods by 38.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 642 shares in the sporting goods retailer valued at $ 49,000 after buying an additional 179 shares last quarter. Institutional investors and hedge funds own 79.04% of the company’s stock.
About DICK’S sporting goods
Dick’s Sporting Goods, Inc. retailers an extensive line of authentic sports equipment, apparel, shoes and accessories through a mix of partners, in-store services and unique in-store specialty stores. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.
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