Analysts expect that DICK’S Sporting Goods, Inc. (NYSE:DKS) will report sales of $3.02 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for DICK’S Sporting Goods’ earnings. The highest sales estimate is $3.06 billion and the lowest is $2.97 billion. DICK’S Sporting Goods posted sales of $2.61 billion during the same quarter last year, which indicates a positive year over year growth rate of 15.7%. The company is scheduled to announce its next earnings results before the market opens on Tuesday, March 9th.
On average, analysts expect that DICK’S Sporting Goods will report full year sales of $9.47 billion for the current year, with estimates ranging from $9.43 billion to $9.52 billion. For the next year, analysts expect that the firm will post sales of $9.45 billion, with estimates ranging from $8.99 billion to $9.85 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for DICK’S Sporting Goods.
DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Monday, November 23rd. The sporting goods retailer reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $1.07. DICK’S Sporting Goods had a return on equity of 25.52% and a net margin of 4.20%. The company had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.25 billion.
A number of research analysts recently issued reports on DKS shares. Credit Suisse Group lifted their target price on DICK’S Sporting Goods from $65.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, November 25th. Bank of America lifted their price target on DICK’S Sporting Goods from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, November 25th. Cowen lifted their price target on DICK’S Sporting Goods from $81.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, February 16th. Raymond James reaffirmed a “sell” rating on shares of DICK’S Sporting Goods in a report on Friday, December 11th. Finally, Morgan Stanley lifted their price target on DICK’S Sporting Goods from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, January 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $60.96.
In other news, President Lauren R. Hobart sold 32,820 shares of the stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $66.58, for a total transaction of $2,185,155.60. Following the transaction, the president now owns 199,485 shares of the company’s stock, valued at $13,281,711.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Edward Hayes III sold 10,942 shares of the stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $64.82, for a total transaction of $709,260.44. Following the transaction, the senior vice president now directly owns 32,991 shares in the company, valued at approximately $2,138,476.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 190,769 shares of company stock valued at $12,122,843. 30.57% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Tabor Asset Management LP bought a new position in shares of DICK’S Sporting Goods during the fourth quarter worth about $12,551,000. Symmetry Partners LLC increased its stake in shares of DICK’S Sporting Goods by 15.6% in the fourth quarter. Symmetry Partners LLC now owns 9,067 shares of the sporting goods retailer’s stock valued at $510,000 after purchasing an additional 1,225 shares during the period. Truist Financial Corp increased its stake in shares of DICK’S Sporting Goods by 7,393.3% in the fourth quarter. Truist Financial Corp now owns 820,446 shares of the sporting goods retailer’s stock valued at $46,118,000 after purchasing an additional 809,497 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $5,902,000. Finally, Impala Asset Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $6,085,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.
NYSE:DKS traded down $1.14 during midday trading on Tuesday, reaching $73.27. The company had a trading volume of 1,046,631 shares, compared to its average volume of 1,989,459. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.84 and a beta of 1.62. The stock’s fifty day simple moving average is $69.47 and its 200-day simple moving average is $58.87. DICK’S Sporting Goods has a 12-month low of $13.46 and a 12-month high of $80.32. The company has a current ratio of 1.40, a quick ratio of 0.48 and a debt-to-equity ratio of 0.19.
About DICK’S Sporting Goods
DICK'S Sporting Goods, Inc, together with its subsidiaries, 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.
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