Analysts forecast that Dicks Sporting Goods Inc (NYSE:DKS) will announce $2.48 billion in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Dicks Sporting Goods’ earnings, with the lowest sales estimate coming in at $2.43 billion and the highest estimate coming in at $2.52 billion. Dicks Sporting Goods posted sales of $2.66 billion in the same quarter last year, which suggests a negative year over year growth rate of 6.8%. The firm is scheduled to announce its next earnings results on Tuesday, March 12th.
According to Zacks, analysts expect that Dicks Sporting Goods will report full year sales of $8.44 billion for the current fiscal year, with estimates ranging from $8.37 billion to $8.55 billion. For the next financial year, analysts expect that the business will report sales of $8.55 billion, with estimates ranging from $8.46 billion to $8.66 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.13. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. Dicks Sporting Goods had a net margin of 3.87% and a return on equity of 18.10%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS.
A number of equities research analysts have recently weighed in on the stock. Citigroup lowered shares of Dicks Sporting Goods from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Monday, December 3rd. Bank of America set a $40.00 price objective on shares of Dicks Sporting Goods and gave the company a “hold” rating in a report on Sunday, December 2nd. Raymond James restated a “hold” rating on shares of Dicks Sporting Goods in a report on Sunday, December 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Dicks Sporting Goods to $46.00 in a report on Sunday, December 2nd. Finally, TheStreet upgraded shares of Dicks Sporting Goods from a “c+” rating to a “b-” rating in a report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $39.50.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its position in shares of Dicks Sporting Goods by 1,041.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,220 shares of the sporting goods retailer’s stock valued at $114,000 after buying an additional 2,938 shares during the last quarter. Global X Management Co LLC grew its position in shares of Dicks Sporting Goods by 55.1% in the 2nd quarter. Global X Management Co LLC now owns 5,310 shares of the sporting goods retailer’s stock valued at $187,000 after buying an additional 1,886 shares during the last quarter. Highlander Capital Management LLC purchased a new position in shares of Dicks Sporting Goods in the 2nd quarter valued at $194,000. Bridgewater Associates LP purchased a new position in shares of Dicks Sporting Goods in the 2nd quarter valued at $201,000. Finally, MML Investors Services LLC purchased a new position in shares of Dicks Sporting Goods in the 3rd quarter valued at $217,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DKS opened at $36.34 on Friday. Dicks Sporting Goods has a twelve month low of $28.73 and a twelve month high of $39.75. The firm has a market capitalization of $3.67 billion, a PE ratio of 12.07, a PEG ratio of 1.81 and a beta of 0.33. The company has a current ratio of 1.61, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, December 13th. Dicks Sporting Goods’s dividend payout ratio (DPR) is 29.90%.
Dicks Sporting Goods Company Profile
Dick's Sporting Goods, Inc 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. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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