DICK’S Sporting Goods, Inc. (NYSE: DKS) – DA Davidson analysts raised their fiscal 2022 EPS estimates for DICK’S Sporting Goods in a research note issued to investors on Thursday, August 26th. DA Davidson analyst M. Baker now expects the sporting goods retailer to post earnings per share of $ 12.70 for the year, up from its previous forecast of $ 8.82. DA Davidson also released estimates for DICK’S Sporting Goods’ fiscal 2023 earnings of $ 11.13 EPS. DICK’s Sporting Goods (NYSE: DKS) last released its earnings results on Tuesday, August 24th. The sporting goods retailer reported earnings of $ 5.08 per share for the quarter, beating the consensus estimate of $ 2.80 by $ 2.28. The company had revenue of $ 3.28 billion for the quarter, compared to analyst expectations of $ 2.84 billion. DICK’S Sporting Goods had a return on equity of 50.69% and a net margin of 10.69%. The quarterly sales of DICK’S Sporting Goods increased by 20.8% compared to the same quarter of the previous year. In the same period last year, the company achieved $ 3.21 EPS.
A number of other equity analysts also commented on the company recently. The UBS Group raised its target price for DICK’s sporting goods from USD 115.00 to USD 142.00 and rated the company as “neutral” in a report on Thursday. Goldman Sachs Group raised its target price on the shares of DICK’s Sporting Goods from $ 76.00 to $ 91.00 and announced the company on Tuesday the 4th. Barclays raised its target price on the shares of DICK’s Sporting Goods from $ 150.00 to $ 173.00 and rated the company as “overweight” in a research report on Thursday. Raymond James upgraded the stock of DICK’s Sporting Goods from an “underperform” rating to a “market perform” rating in a report on Thursday. Finally, Bank of America raised its price target for DICK’s Sporting Goods from $ 115.00 to $ 160.00 and rated the stock as a “Buy” in a report on Thursday. Nine investment analysts have given the stock a hold rating and thirteen a buy rating. The company has a consensus rating of “Buy” and a consensus price target of $ 123.10.
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DKS shares opened at $ 138.50 on Monday. The stock has a market capitalization of $ 12.36 billion, a P / E of 11.55, a price to earnings / growth ratio of 0.85, and a beta of 1.68. The company has a 50-day moving average price of $ 104.96. The company has a debt of 0.14, a current ratio of 1.72 and a quick ratio of 0.78. DICK’S Sporting Goods has a 12-month low of $ 50.88 and a 12-month high of $ 138.58.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday September 10th will receive a dividend of $ 0.4375. This equates to an annual dividend of $ 1.75 and a yield of 1.26%. The ex-dividend date is Thursday, September 9th. This is an increase from DICK’s Sporting Goods’ previous quarterly dividend of $ 0.36. The payout ratio of DICK’S Sporting Goods is 23.69%.
Several hedge funds recently added or reduced their stake in DKS. Marshall Wace LLP added 101.6% to its equity position in DICK’S Sporting Goods in the second quarter. Marshall Wace LLP now owns 262,873 shares in the sporting goods retailer valued at $ 26,336,000 after buying an additional 132,501 shares last quarter. Marshall Wace North America LP acquired a new stake in DICK’S Sporting Goods valued at approximately $ 10,383,000 in the second quarter. Morgan Stanley increased its stake in DICK’S Sporting Goods by 27.7% in the second quarter. Morgan Stanley now owns 433,401 shares in the sporting goods retailer valued at $ 43,423,000 after buying an additional 93,962 shares last quarter. Weiss Multi Strategy Advisers LLC bought a new position in DICK’s Sporting Goods valued at approximately $ 1,258,000 in the second quarter. Finally, Castleark Management LLC increased its position in DICK’s Sporting Goods by 410.0% in the second quarter. Castleark Management LLC now owns 43,040 shares of the sporting goods retailer valued at $ 4,312,000 after purchasing an additional 34,600 shares during the period. Hedge funds and other institutional investors own 71.46% of the company’s stock.
DICK’S Sportartikel company profile
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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