Brokerages expect that Dicks Sporting Goods Inc (NYSE:DKS) will announce earnings of $0.59 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Dicks Sporting Goods’ earnings. The highest EPS estimate is $0.64 and the lowest is $0.53. Dicks Sporting Goods also reported earnings per share of $0.59 in the same quarter last year. The firm is expected to announce its next quarterly earnings results before the market opens on Wednesday, May 29th.
According to Zacks, analysts expect that Dicks Sporting Goods will report full-year earnings of $3.26 per share for the current year, with EPS estimates ranging from $3.19 to $3.31. For the next year, analysts anticipate that the firm will report earnings of $3.43 per share, with EPS estimates ranging from $3.27 to $3.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS.
Several research firms have recently weighed in on DKS. Telsey Advisory Group reissued an “outperform” rating and set a $41.00 price target (down from $44.00) on shares of Dicks Sporting Goods in a report on Wednesday, March 13th. Citigroup began coverage on Dicks Sporting Goods in a report on Wednesday, April 10th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, Zacks Investment Research cut Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.17.
DKS stock traded up $0.41 during midday trading on Thursday, hitting $36.46. The company’s stock had a trading volume of 1,816,808 shares, compared to its average volume of 1,850,700. The stock has a market capitalization of $3.51 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.91 and a beta of 0.55. Dicks Sporting Goods has a 12 month low of $29.69 and a 12 month high of $41.21. The company has a current ratio of 1.41, a quick ratio of 0.20 and a debt-to-equity ratio of 0.03.
Several large investors have recently bought and sold shares of DKS. Virtu Financial LLC increased its stake in shares of Dicks Sporting Goods by 61.7% in the 4th quarter. Virtu Financial LLC now owns 26,997 shares of the sporting goods retailer’s stock worth $842,000 after purchasing an additional 10,301 shares in the last quarter. Boston Advisors LLC purchased a new stake in shares of Dicks Sporting Goods in the 4th quarter worth $2,054,000. Alpha Windward LLC purchased a new stake in shares of Dicks Sporting Goods in the 4th quarter worth $406,000. Steigerwald Gordon & Koch Inc. increased its stake in shares of Dicks Sporting Goods by 0.8% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 189,140 shares of the sporting goods retailer’s stock worth $5,901,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Diversified Investment Strategies LLC increased its stake in shares of Dicks Sporting Goods by 0.6% in the 4th quarter. Diversified Investment Strategies LLC now owns 122,975 shares of the sporting goods retailer’s stock worth $3,837,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 82.58% of the company’s stock.
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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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