Zacks: Analysts Expect Dicks Sporting Goods Inc (DKS) Will Post Quarterly Sales of $2.71 Billion

Wall Street analysts forecast that Dicks Sporting Goods Inc (NYSE:DKS) will post sales of $2.71 billion for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Dicks Sporting Goods’ earnings. The highest sales estimate is $2.77 billion and the lowest is $2.61 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 9.3%. The company is scheduled to issue its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Dicks Sporting Goods will report full-year sales of $2.71 billion for the current year, with estimates ranging from $8.48 billion to $8.69 billion. For the next year, analysts expect that the company will post sales of $8.79 billion per share, with estimates ranging from $8.68 billion to $9.00 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Dicks Sporting Goods.

Dicks Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS.

Several equities analysts have issued reports on the stock. BMO Capital Markets set a $40.00 target price on shares of Dicks Sporting Goods and gave the company a “buy” rating in a research note on Thursday, January 11th. Buckingham Research upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating in a research note on Wednesday. Cowen restated a “hold” rating and set a $28.00 target price on shares of Dicks Sporting Goods in a research note on Friday, November 3rd. Robert W. Baird restated a “hold” rating and set a $32.00 target price on shares of Dicks Sporting Goods in a research note on Wednesday, January 3rd. Finally, Citigroup lowered their target price on shares of Dicks Sporting Goods from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.36.

Several large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in Dicks Sporting Goods by 30.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after acquiring an additional 653 shares during the period. Toronto Dominion Bank raised its stake in Dicks Sporting Goods by 169.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after acquiring an additional 2,927 shares during the period. Valeo Financial Advisors LLC bought a new stake in Dicks Sporting Goods during the 3rd quarter worth approximately $132,000. State of Alaska Department of Revenue bought a new stake in Dicks Sporting Goods during the 4th quarter worth approximately $188,000. Finally, Nordea Investment Management AB raised its stake in Dicks Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 72.83% of the company’s stock.

Dicks Sporting Goods (NYSE DKS) opened at $33.92 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. The stock has a market cap of $3,640.00, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56. Dicks Sporting Goods has a one year low of $23.88 and a one year high of $54.03.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 25.09%.

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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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Earnings History and Estimates for Dicks Sporting Goods (NYSE:DKS)

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