DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) – DA Davidson lowered their Q1 2023 EPS estimates for DICK’S Sporting Goods in a report issued on Monday, May 23rd. DA Davidson analyst M. Baker now expects that the sporting goods retailer will post earnings of $2.38 per share for the quarter, down from their previous forecast of $2.45. DA Davidson also issued estimates for DICK’S Sporting Goods’ FY2023 earnings at $12.18 EPS.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly earnings results on Tuesday, March 8th. The sporting goods retailer reported $3.64 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm earned $2.43 EPS. DICK’S Sporting Goods’s revenue was up 7.2% on a year-over-year basis.
DKS stock opened at $75.27 on Tuesday. DICK’S Sporting Goods has a 52 week low of $73.66 and a 52 week high of $147.39. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 5.42, a price-to-earnings-growth ratio of 1.26 and a beta of 1.60. The firm’s 50-day moving average is $99.95 and its two-hundred day moving average is $108.98. 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 firm also recently declared 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 annualized dividend and a yield of 2.59%. The ex-dividend date 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 payout ratio is 14.05%.
In other news, EVP Donald J. Germano sold 23,961 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $110.33, for a total value of $2,643,617.13. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Julie Lodge-Jarrett sold 9,139 shares of the company’s stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $109.02, for a total transaction of $996,333.78. The disclosure for this sale can be found here. Insiders sold a total of 190,886 shares of company stock worth $20,211,002 in the last three months. Insiders own 32.83% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in DICK’S Sporting Goods by 62.0% during the 1st quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Pinnacle Holdings LLC acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth about $31,000. Missouri Trust & Investment Co acquired a new position in DICK’S Sporting Goods during the 4th quarter valued at about $34,000. Huntington National Bank lifted its position in DICK’S Sporting Goods by 36,600.0% during the 1st quarter. Huntington National Bank now owns 367 shares of the sporting goods retailer’s stock valued at $37,000 after purchasing an additional 366 shares during the period. Finally, Sageworth Trust Co of South Dakota acquired a new position in DICK’S Sporting Goods during the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 78.92% of the company’s stock.
About DICK’S Sporting Goods (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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