Equities research analysts predict that DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) will report $2.63 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for DICK’S Sporting Goods’ earnings. The lowest sales estimate is $2.48 billion and the highest is $2.86 billion. DICK’S Sporting Goods reported sales of $2.92 billion in the same quarter last year, which indicates a negative year over year growth rate of 9.9%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that DICK’S Sporting Goods will report full year sales of $12.15 billion for the current fiscal year, with estimates ranging from $11.82 billion to $12.34 billion. For the next financial year, analysts expect that the firm will report sales of $12.62 billion, with estimates ranging from $12.12 billion to $12.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover DICK’S Sporting Goods.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last posted its quarterly earnings data on Tuesday, March 8th. The sporting goods retailer reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.54 by $0.10. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm posted $2.43 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis.
NYSE:DKS opened at $92.46 on Friday. DICK’S Sporting Goods has a twelve month low of $82.81 and a twelve month high of $147.39. The company has a current ratio of 1.88, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average of $104.81 and a 200-day moving average of $112.15. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 6.66, a price-to-earnings-growth ratio of 1.60 and a beta of 1.60.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 18th were given a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Thursday, March 17th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $0.44. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 14.05%.
In other DICK’S Sporting Goods news, CFO Navdeep Gupta sold 9,614 shares of the stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $104.13, for a total transaction of $1,001,105.82. Following the transaction, the chief financial officer now owns 95,272 shares in the company, valued at $9,920,673.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark J. Barrenechea sold 10,000 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $105.48, for a total value of $1,054,800.00. Following the transaction, the director now owns 10,159 shares in the company, valued at approximately $1,071,571.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,886 shares of company stock worth $20,211,002. Insiders own 30.09% of the company’s stock.
Several institutional investors have recently made changes to their positions in DKS. Fifth Third Bancorp grew its stake in shares of DICK’S Sporting Goods by 62.0% in the first quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Pinnacle Holdings LLC acquired a new stake in DICK’S Sporting Goods during the third quarter worth $31,000. Missouri Trust & Investment Co acquired a new stake in DICK’S Sporting Goods during the fourth quarter worth $34,000. Sageworth Trust Co of South Dakota bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $44,000. Finally, Covestor Ltd bought a new stake in DICK’S Sporting Goods in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 78.92% of the company’s stock.
DICK’S Sporting Goods Company Profile (Get Rating)
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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