FY2024 Earnings Estimate for DICK’S Sporting Goods, Inc. (NYSE:DKS) Issued By DA Davidson

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) – Analysts at DA Davidson raised their FY2024 EPS estimates for DICK’S Sporting Goods in a note issued to investors on Wednesday, May 24th. DA Davidson analyst M. Baker now anticipates that the sporting goods retailer will post earnings of $13.60 per share for the year, up from their previous estimate of $13.56. DA Davidson currently has a “Buy” rating and a $178.00 target price on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.46 per share.

A number of other research firms also recently issued reports on DKS. Oppenheimer boosted their target price on shares of DICK’S Sporting Goods from $138.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, March 8th. Loop Capital decreased their target price on shares of DICK’S Sporting Goods from $150.00 to $135.00 in a research report on Wednesday. Telsey Advisory Group restated an “outperform” rating and set a $165.00 target price on shares of DICK’S Sporting Goods in a research report on Friday, March 17th. Wells Fargo & Company decreased their price objective on shares of DICK’S Sporting Goods from $146.00 to $140.00 in a research report on Wednesday. Finally, Wedbush upped their price objective on shares of DICK’S Sporting Goods from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 8th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $156.43.

DICK’S Sporting Goods Trading Down 1.2 %

NYSE DKS opened at $122.36 on Friday. The company has a market capitalization of $10.48 billion, a PE ratio of 10.46, a P/E/G ratio of 1.69 and a beta of 1.44. The company has a fifty day moving average of $139.39 and a 200 day moving average of $129.17. DICK’S Sporting Goods has a 1 year low of $70.21 and a 1 year high of $152.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.96 and a quick ratio of 0.81.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last posted its earnings results on Tuesday, May 23rd. The sporting goods retailer reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.18. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.80 billion. DICK’S Sporting Goods had a net margin of 8.69% and a return on equity of 45.52%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.85 earnings per share.

Institutional Trading of DICK’S Sporting Goods

Hedge funds have recently made changes to their positions in the company. Teza Capital Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at approximately $222,000. Allianz Asset Management GmbH grew its stake in shares of DICK’S Sporting Goods by 12.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 58,582 shares of the sporting goods retailer’s stock valued at $6,130,000 after buying an additional 6,632 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 0.8% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 20,558 shares of the sporting goods retailer’s stock valued at $2,473,000 after buying an additional 169 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of DICK’S Sporting Goods by 168.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,380 shares of the sporting goods retailer’s stock valued at $4,978,000 after buying an additional 25,972 shares during the period. Finally, Eagle Strategies LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at approximately $393,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In related news, Director Anne Fink sold 3,174 shares of the company’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $139.08, for a total transaction of $441,439.92. Following the completion of the sale, the director now owns 14,481 shares of the company’s stock, valued at approximately $2,014,017.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Anne Fink sold 3,174 shares of the company’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $139.08, for a total transaction of $441,439.92. Following the completion of the sale, the director now owns 14,481 shares of the company’s stock, valued at approximately $2,014,017.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 83,392 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $145.21, for a total transaction of $12,109,352.32. Following the sale, the chief executive officer now directly owns 233,269 shares of the company’s stock, valued at approximately $33,872,991.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 285,382 shares of company stock valued at $41,042,070. Corporate insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $4.00 annualized dividend and a yield of 3.27%. DICK’S Sporting Goods’s dividend payout ratio is presently 34.19%.

About DICK’S Sporting Goods

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Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.