DICK’S Sporting Goods (NYSE:DKS) issued its quarterly earnings data on Tuesday. The sporting goods retailer reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $1.22, MarketWatch Earnings reports. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.49 billion. DICK’S Sporting Goods had a return on equity of 50.69% and a net margin of 10.69%. DICK’S Sporting Goods’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.01 earnings per share. DICK’S Sporting Goods updated its FY22 guidance to $14.60-$14.80 EPS and its FY 2021 guidance to $14.600-$14.800 EPS.
Shares of NYSE DKS opened at $127.30 on Thursday. DICK’S Sporting Goods has a 1-year low of $51.51 and a 1-year high of $147.39. The business has a 50-day moving average of $127.15 and a 200-day moving average of $113.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 0.94. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.84 and a beta of 1.72.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 29th. Stockholders of record on Friday, December 10th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, December 9th. DICK’S Sporting Goods’s payout ratio is 14.60%.
In related news, EVP Vladimir Rak sold 10,011 shares of the business’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $145.08, for a total value of $1,452,395.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP John Edward Hayes III sold 733 shares of the business’s stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $139.39, for a total value of $102,172.87. The disclosure for this sale can be found here. Insiders sold 65,744 shares of company stock valued at $9,157,069 in the last ninety days. Company insiders own 30.09% of the company’s stock.
A hedge fund recently raised its stake in DICK’S Sporting Goods stock. Morgan Stanley raised its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 27.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 433,401 shares of the sporting goods retailer’s stock after buying an additional 93,962 shares during the quarter. Morgan Stanley owned about 0.49% of DICK’S Sporting Goods worth $43,423,000 at the end of the most recent quarter. 89.50% of the stock is currently owned by institutional investors and hedge funds.
About DICK’S Sporting Goods
Dick’s Sporting Goods, Inc engages in the retail of 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.
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