Wall Street brokerages expect Dicks Sporting Goods Inc (NYSE:DKS) to announce $2.72 billion in sales for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Dicks Sporting Goods’ earnings, with estimates ranging from $2.61 billion to $2.77 billion. Dicks Sporting Goods posted sales of $2.48 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 9.7%. The company is expected to issue its next quarterly earnings report on Tuesday, March 6th.
According to Zacks, analysts expect that Dicks Sporting Goods will report full-year sales of $2.72 billion for the current financial year, with estimates ranging from $8.48 billion to $8.69 billion. For the next year, analysts expect that the company will report sales of $8.80 billion per share, with estimates ranging from $8.70 billion to $9.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share.
A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, January 31st. Barclays downgraded Dicks Sporting Goods from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $33.00 to $25.00 in a research report on Monday. BMO Capital Markets set a $40.00 price objective on Dicks Sporting Goods and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Buckingham Research raised Dicks Sporting Goods from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.88.
A number of large investors have recently bought and sold shares of DKS. Okumus Fund Management Ltd. acquired a new position in Dicks Sporting Goods in the third quarter valued at about $46,406,000. USS Investment Management Ltd acquired a new position in Dicks Sporting Goods in the fourth quarter valued at about $25,871,000. Prudential Financial Inc. grew its stake in Dicks Sporting Goods by 316.5% in the third quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock valued at $31,295,000 after acquiring an additional 880,464 shares during the period. Dimensional Fund Advisors LP grew its stake in Dicks Sporting Goods by 58.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock valued at $46,379,000 after acquiring an additional 636,186 shares during the period. Finally, Schroder Investment Management Group grew its stake in Dicks Sporting Goods by 256.7% in the third quarter. Schroder Investment Management Group now owns 543,300 shares of the sporting goods retailer’s stock valued at $14,903,000 after acquiring an additional 391,000 shares during the period. 73.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Dicks Sporting Goods (DKS) opened at $29.87 on Tuesday. The firm has a market capitalization of $3,382.12, a price-to-earnings ratio of 10.09, a PEG ratio of 1.84 and a beta of 0.61. Dicks Sporting Goods has a 52-week low of $23.88 and a 52-week high of $53.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61.
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About Dicks Sporting Goods
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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