Equities research analysts expect that DICK’S Sporting Goods, Inc. (NYSE:DKS) will announce $3.02 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for DICK’S Sporting Goods’ earnings, with the highest sales estimate coming in at $3.06 billion and the lowest estimate coming in at $2.97 billion. DICK’S Sporting Goods posted sales of $2.61 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.7%. The company is scheduled to issue 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 anticipate that the business will post sales of $9.45 billion, with estimates ranging from $8.99 billion to $9.85 billion. Zacks’ sales averages are an average based on a survey of research firms that cover DICK’S Sporting Goods.
DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Monday, November 23rd. The sporting goods retailer reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $1.07. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.25 billion. DICK’S Sporting Goods had a net margin of 4.20% and a return on equity of 25.52%.
A number of equities analysts recently weighed in on DKS shares. Morgan Stanley boosted their target price on shares of DICK’S Sporting Goods from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, January 20th. Robert W. Baird boosted their target price on shares of DICK’S Sporting Goods from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, November 24th. Gordon Haskett started coverage on shares of DICK’S Sporting Goods in a report on Friday, February 5th. They set a “hold” rating and a $70.00 target price on the stock. Stephens initiated coverage on shares of DICK’S Sporting Goods in a report on Monday, December 14th. They set an “underweight” rating and a $45.00 target price on the stock. Finally, Citigroup upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the company from $66.00 to $90.00 in a report on Wednesday, January 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. DICK’S Sporting Goods has an average rating of “Hold” and an average target price of $60.96.
In related news, President Lauren R. Hobart sold 32,820 shares of the company’s stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $66.58, for a total value of $2,185,155.60. Following the transaction, the president now directly owns 199,485 shares in the company, valued at $13,281,711.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William J. Colombo sold 31,394 shares of the company’s stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $60.04, for a total transaction of $1,884,895.76. Following the completion of the transaction, the director now owns 318,021 shares in the company, valued at $19,093,980.84. The disclosure for this sale can be found here. Insiders sold 190,769 shares of company stock worth $12,122,843 over the last 90 days. 30.57% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ceredex Value Advisors LLC bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $28,000. AdvisorNet Financial Inc lifted its position in DICK’S Sporting Goods by 1,566.7% during the fourth quarter. AdvisorNet Financial Inc now owns 700 shares of the sporting goods retailer’s stock worth $39,000 after purchasing an additional 658 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in DICK’S Sporting Goods by 12,312.5% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 993 shares of the sporting goods retailer’s stock worth $56,000 after purchasing an additional 985 shares during the period. Focused Wealth Management Inc bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $67,000. Finally, Perigon Wealth Management LLC bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $69,000. 76.48% of the stock is owned by institutional investors and hedge funds.
DKS traded down $1.14 during trading on Tuesday, reaching $73.27. 1,046,631 shares of the stock were exchanged, compared to its average volume of 1,989,459. The stock has a market cap of $6.56 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.62. DICK’S Sporting Goods has a twelve month low of $13.46 and a twelve month high of $80.32. The stock’s 50 day moving average price is $69.47 and its two-hundred day moving average price is $58.87. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.48 and a current ratio of 1.40.
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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