DICK’S Sporting Goods (DKS) Set to Announce Earnings on Wednesday

DICK’S Sporting Goods (NYSE:DKSGet Rating) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 25th. Analysts expect the company to announce earnings of $2.42 per share for the quarter. DICK’S Sporting Goods has set its FY 2022 guidance at $11.700-$13.100 EPS and its FY23 guidance at $11.70-$13.10 EPS.Investors that wish to register for the company’s conference call can do so using this link.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last announced its earnings results on Tuesday, March 8th. The sporting goods retailer reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.10. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the firm earned $2.43 EPS. DICK’S Sporting Goods’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts expect DICK’S Sporting Goods to post $13 EPS for the current fiscal year and $13 EPS for the next fiscal year.

DKS opened at $92.47 on Wednesday. The firm has a market cap of $7.38 billion, a P/E ratio of 6.66, a PEG ratio of 1.43 and a beta of 1.59. The business’s fifty day simple moving average is $102.44 and its 200 day simple moving average is $110.35. DICK’S Sporting Goods has a 52 week low of $82.81 and a 52 week high of $147.39. The company has a quick ratio of 1.04, a current ratio of 1.88 and a debt-to-equity ratio of 0.92.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 18th were issued a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 2.11%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, March 17th. DICK’S Sporting Goods’s dividend payout ratio is 14.05%.

In other news, SVP Julie Lodge-Jarrett sold 9,139 shares of DICK’S Sporting Goods stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $109.02, for a total value of $996,333.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lee J. Belitsky sold 30,578 shares of the company’s stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $107.57, for a total value of $3,289,275.46. Following the sale, the executive vice president now directly owns 223,628 shares in the company, valued at $24,055,663.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,886 shares of company stock worth $20,211,002. Insiders own 32.83% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DKS. The Manufacturers Life Insurance Company boosted its position in DICK’S Sporting Goods by 17.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 478,752 shares of the sporting goods retailer’s stock valued at $55,051,000 after purchasing an additional 71,421 shares during the period. Morgan Stanley increased its stake in shares of DICK’S Sporting Goods by 27.7% in the second quarter. Morgan Stanley now owns 433,401 shares of the sporting goods retailer’s stock valued at $43,423,000 after purchasing an additional 93,962 shares during the period. First Trust Advisors LP boosted its position in shares of DICK’S Sporting Goods by 6.4% during the first quarter. First Trust Advisors LP now owns 355,871 shares of the sporting goods retailer’s stock worth $35,594,000 after buying an additional 21,417 shares during the period. Eaton Vance Management boosted its position in shares of DICK’S Sporting Goods by 25.0% during the first quarter. Eaton Vance Management now owns 98,302 shares of the sporting goods retailer’s stock worth $9,831,000 after buying an additional 19,663 shares during the period. Finally, Federated Hermes Inc. grew its holdings in DICK’S Sporting Goods by 3.5% in the 1st quarter. Federated Hermes Inc. now owns 74,378 shares of the sporting goods retailer’s stock worth $7,440,000 after buying an additional 2,526 shares in the last quarter. Hedge funds and other institutional investors own 78.92% of the company’s stock.

Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of DICK’S Sporting Goods in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Cowen raised their price target on DICK’S Sporting Goods from $161.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 9th. Barclays cut their price objective on shares of DICK’S Sporting Goods from $147.00 to $134.00 in a report on Friday, April 1st. Stephens dropped their price target on shares of DICK’S Sporting Goods from $138.00 to $122.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 9th. Finally, Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $168.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, March 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Hold” and a consensus price target of $137.11.

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.

See Also

Earnings History for DICK'S Sporting Goods (NYSE:DKS)

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