Equities analysts predict that Dicks Sporting Goods Inc (NYSE:DKS) will report sales of $2.72 billion for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Dicks Sporting Goods’ earnings. The lowest sales estimate is $2.61 billion and the highest is $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 business is expected to announce its next earnings report on Tuesday, March 6th.
On average, analysts expect that Dicks Sporting Goods will report full year sales of $2.72 billion for the current fiscal year, with estimates ranging from $8.48 billion to $8.69 billion. For the next fiscal year, analysts expect that the business will post sales of $8.80 billion per share, with estimates ranging from $8.70 billion to $9.00 billion. Zacks’ sales calculations are a mean average based on a survey of research firms 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at $29.87 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. The company has a market cap of $3,382.12, a P/E ratio of 10.09, a P/E/G ratio of 1.84 and a beta of 0.61. Dicks Sporting Goods has a 1-year low of $23.88 and a 1-year high of $53.75.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Dicks Sporting Goods by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after buying an additional 135,991 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Dicks Sporting Goods during the 2nd quarter valued at $299,000. Public Employees Retirement System of Ohio grew its position in shares of Dicks Sporting Goods by 56.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 60,311 shares of the sporting goods retailer’s stock valued at $2,402,000 after purchasing an additional 21,718 shares in the last quarter. Okumus Fund Management Ltd. purchased a new position in shares of Dicks Sporting Goods during the 3rd quarter valued at $46,406,000. Finally, Lord Abbett & CO. LLC grew its position in shares of Dicks Sporting Goods by 3.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 209,300 shares of the sporting goods retailer’s stock valued at $8,336,000 after purchasing an additional 7,900 shares in the last quarter. Institutional investors and hedge funds own 73.66% of the company’s stock.
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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