DICK’S Sporting Goods, Inc. to Post Q3 2024 Earnings of $2.49 Per Share, Telsey Advisory Group Forecasts (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Investment analysts at Telsey Advisory Group reduced their Q3 2024 earnings per share (EPS) estimates for DICK’S Sporting Goods in a research note issued on Friday, November 17th. Telsey Advisory Group analyst J. Feldman now anticipates that the sporting goods retailer will post earnings of $2.49 per share for the quarter, down from their prior forecast of $2.60. Telsey Advisory Group currently has a “Outperform” rating and a $140.00 target price on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $11.80 per share. Telsey Advisory Group also issued estimates for DICK’S Sporting Goods’ Q4 2024 earnings at $3.01 EPS, FY2024 earnings at $11.74 EPS, Q1 2025 earnings at $3.02 EPS, Q3 2025 earnings at $2.90 EPS, Q4 2025 earnings at $3.25 EPS and FY2025 earnings at $12.33 EPS.

Other research analysts have also recently issued reports about the company. UBS Group reduced their price objective on DICK’S Sporting Goods from $160.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, August 23rd. Robert W. Baird reduced their price objective on DICK’S Sporting Goods from $140.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, August 22nd. Morgan Stanley dropped their target price on DICK’S Sporting Goods from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Tuesday, November 14th. Truist Financial initiated coverage on DICK’S Sporting Goods in a report on Friday. They set a “buy” rating and a $134.00 target price on the stock. Finally, Loop Capital dropped their target price on DICK’S Sporting Goods from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, August 23rd. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $142.58.

DICK’S Sporting Goods Stock Up 2.4 %

NYSE:DKS opened at $118.08 on Monday. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $152.61. The company has a current ratio of 1.81, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.98 and a beta of 1.49. The stock has a 50-day moving average price of $109.33 and a two-hundred day moving average price of $124.23.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 22nd. The sporting goods retailer reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.24 billion. DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.68 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Oder Investment Management LLC lifted its holdings in DICK’S Sporting Goods by 1.3% in the second quarter. Oder Investment Management LLC now owns 5,428 shares of the sporting goods retailer’s stock worth $718,000 after buying an additional 69 shares during the period. Smithfield Trust Co lifted its holdings in DICK’S Sporting Goods by 10.7% in the second quarter. Smithfield Trust Co now owns 756 shares of the sporting goods retailer’s stock worth $101,000 after buying an additional 73 shares during the period. Atlas Capital Advisors LLC lifted its holdings in DICK’S Sporting Goods by 4.8% in the first quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock worth $246,000 after buying an additional 79 shares during the period. Thrivent Financial for Lutherans lifted its holdings in DICK’S Sporting Goods by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer’s stock worth $2,098,000 after buying an additional 79 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in DICK’S Sporting Goods by 0.3% in the first quarter. Treasurer of the State of North Carolina now owns 29,343 shares of the sporting goods retailer’s stock worth $4,163,000 after buying an additional 82 shares during the period. 68.21% of the stock is owned by institutional investors.

Insider Activity at DICK’S Sporting Goods

In related news, Director William J. Colombo bought 2,200 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average price of $110.00 per share, for a total transaction of $242,000.00. Following the completion of the transaction, the director now directly owns 170,192 shares in the company, valued at approximately $18,721,120. The transaction was disclosed in a filing with the SEC, which is available at this link. In other DICK’S Sporting Goods news, Director Sandeep Mathrani acquired 1,300 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average price of $113.54 per share, for a total transaction of $147,602.00. Following the completion of the transaction, the director now owns 6,647 shares of the company’s stock, valued at approximately $754,700.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Colombo bought 2,200 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average cost of $110.00 per share, for a total transaction of $242,000.00. Following the purchase, the director now owns 170,192 shares of the company’s stock, valued at $18,721,120. The disclosure for this purchase can be found here. 30.79% of the stock is owned by company insiders.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.