Wall Street brokerages expect Dicks Sporting Goods Inc (NYSE:DKS) to report $1.89 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Dicks Sporting Goods’ earnings. The lowest sales estimate is $1.85 billion and the highest is $1.95 billion. Dicks Sporting Goods reported sales of $1.83 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.3%. The business is expected to announce its next earnings report on Tuesday, May 15th.
According to Zacks, analysts expect that Dicks Sporting Goods will report full year sales of $8.70 billion for the current fiscal year, with estimates ranging from $8.55 billion to $9.00 billion. For the next fiscal year, analysts forecast that the business will report sales of $8.82 billion per share, with estimates ranging from $8.69 billion to $9.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. Dicks Sporting Goods had a return on equity of 16.86% and a net margin of 3.77%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the company earned $1.32 earnings per share. Dicks Sporting Goods’s revenue was up 6.5% compared to the same quarter last year.
Several equities analysts have weighed in on DKS shares. Cowen set a $34.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a report on Friday, January 12th. BMO Capital Markets set a $40.00 price objective on Dicks Sporting Goods and gave the company a “buy” rating in a report on Thursday, January 11th. Canaccord Genuity set a $34.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a report on Sunday, January 7th. Zacks Investment Research downgraded Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Stifel Nicolaus set a $30.00 target price on Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Saturday, December 16th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.85.
Hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new stake in shares of Dicks Sporting Goods in the fourth quarter worth $122,000. Delpha Capital Management LLC purchased a new stake in shares of Dicks Sporting Goods in the fourth quarter worth $132,000. State of Alaska Department of Revenue purchased a new stake in shares of Dicks Sporting Goods in the fourth quarter worth $188,000. Vicus Capital purchased a new stake in shares of Dicks Sporting Goods in the fourth quarter worth $202,000. Finally, Virtu Financial LLC purchased a new stake in shares of Dicks Sporting Goods in the fourth quarter worth $209,000. Institutional investors own 71.31% of the company’s stock.
Shares of NYSE DKS opened at $32.86 on Friday. Dicks Sporting Goods has a 1-year low of $23.88 and a 1-year high of $52.31. The firm has a market cap of $3,735.48, a price-to-earnings ratio of 10.92, a PEG ratio of 1.22 and a beta of 0.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.41 and a quick ratio of 0.21.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 9th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Thursday, March 8th. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.17. Dicks Sporting Goods’s dividend payout ratio (DPR) is 29.90%.
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About Dicks Sporting Goods
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. The company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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