DICK’S Sporting Goods, Inc. (NYSE:DKS) Expected to Earn Q2 2024 Earnings of $3.74 Per Share

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) – Telsey Advisory Group lowered their Q2 2024 earnings estimates for DICK’S Sporting Goods in a note issued to investors on Friday, March 3rd. Telsey Advisory Group analyst J. Feldman now forecasts that the sporting goods retailer will earn $3.74 per share for the quarter, down from their prior estimate of $4.10. Telsey Advisory Group currently has a “Outperform” rating and a $135.00 target price on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $11.95 per share.

Other research analysts have also recently issued reports about the stock. Cowen upped their price target on shares of DICK’S Sporting Goods from $150.00 to $155.00 in a report on Wednesday, November 23rd. Stephens increased their target price on shares of DICK’S Sporting Goods to $121.00 in a report on Friday, November 25th. Robert W. Baird increased their target price on shares of DICK’S Sporting Goods from $115.00 to $120.00 in a report on Tuesday, November 22nd. Wells Fargo & Company increased their target price on shares of DICK’S Sporting Goods from $103.00 to $120.00 in a report on Wednesday, November 23rd. Finally, Citigroup cut shares of DICK’S Sporting Goods from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $143.00 to $140.00 in a report on Tuesday, February 28th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.90.

DICK’S Sporting Goods Trading Up 2.0 %

NYSE DKS opened at $132.11 on Monday. The company’s 50-day moving average price is $127.28 and its 200-day moving average price is $117.16. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.46 billion, a PE ratio of 11.66, a PEG ratio of 2.20 and a beta of 1.41. DICK’S Sporting Goods has a 12 month low of $63.45 and a 12 month high of $138.43.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors have recently made changes to their positions in the company. Lakewood Asset Management LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at approximately $986,000. Linden Thomas Advisory Services LLC purchased a new position in shares of DICK’S Sporting Goods during the 4th quarter valued at approximately $679,000. Point72 Middle East FZE acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at $1,423,000. State of Wyoming grew its stake in DICK’S Sporting Goods by 45,750.0% in the 4th quarter. State of Wyoming now owns 917 shares of the sporting goods retailer’s stock valued at $110,000 after acquiring an additional 915 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in DICK’S Sporting Goods by 10.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,038 shares of the sporting goods retailer’s stock valued at $125,000 after acquiring an additional 100 shares during the period. 75.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Vladimir Rak sold 29,144 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total transaction of $3,276,659.92. Following the completion of the transaction, the executive vice president now directly owns 48,260 shares of the company’s stock, valued at approximately $5,425,871.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Vladimir Rak sold 29,144 shares of DICK’S Sporting Goods stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total transaction of $3,276,659.92. Following the completion of the transaction, the executive vice president now directly owns 48,260 shares of the company’s stock, valued at approximately $5,425,871.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP John Edward Hayes III sold 1,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $120.57, for a total transaction of $120,570.00. Following the transaction, the senior vice president now directly owns 26,231 shares of the company’s stock, valued at $3,162,671.67. The disclosure for this sale can be found here. 32.83% of the stock is currently owned by insiders.

DICK’S Sporting Goods Company Profile

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Dick’s Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.