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FY2022 EPS Estimates for DICK'S Sporting Goods, Inc. Lifted by DA Davidson (NYSE:DKS)

Last updated on Monday, November 29, 2021 | 2021 MarketBeat

DICK'S Sporting Goods, Inc. (NYSE:DKS) - Analysts at DA Davidson increased their FY2022 EPS estimates for DICK'S Sporting Goods in a research note issued to investors on Wednesday, November 24th. DA Davidson analyst M. Baker now anticipates that the sporting goods retailer will post earnings of $14.69 per share for the year, up from their prior forecast of $12.70. DA Davidson also issued estimates for DICK'S Sporting Goods' FY2023 earnings at $13.12 EPS.

DKS has been the subject of a number of other reports. Credit Suisse Group lifted their price objective on DICK'S Sporting Goods from $88.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, August 26th. Stephens lifted their price objective on DICK'S Sporting Goods from $95.00 to $129.00 and gave the company an "equal weight" rating in a report on Friday, August 27th. UBS Group lifted their price objective on DICK'S Sporting Goods from $115.00 to $142.00 and gave the company a "neutral" rating in a report on Thursday, August 26th. Citigroup lifted their price objective on DICK'S Sporting Goods from $160.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, November 24th. Finally, Zacks Investment Research upgraded DICK'S Sporting Goods from a "hold" rating to a "strong-buy" rating and set a $136.00 target price on the stock in a research note on Wednesday, October 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $127.00.

Shares of NYSE:DKS opened at $128.50 on Monday. The business has a fifty day moving average of $126.93 and a 200-day moving average of $113.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.94 and a current ratio of 1.52. The firm has a market cap of $11.38 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 0.76 and a beta of 1.72. DICK'S Sporting Goods has a twelve month low of $51.51 and a twelve month high of $147.39. DICK'S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 23rd. The sporting goods retailer reported $3.19 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.97 by $1.22. DICK'S Sporting Goods had a return on equity of 54.06% and a net margin of 11.55%. The company had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.49 billion. During the same period last year, the business earned $2.01 earnings per share. The business's revenue was up 13.9% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in DKS. FMR LLC boosted its stake in DICK'S Sporting Goods by 32.4% during the first quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer's stock valued at $52,679,000 after buying an additional 350,515 shares during the period. Utah Retirement Systems bought a new stake in DICK'S Sporting Goods during the first quarter worth about $244,000. Principal Financial Group Inc. lifted its stake in shares of DICK'S Sporting Goods by 14.0% in the 1st quarter. Principal Financial Group Inc. now owns 346,816 shares of the sporting goods retailer's stock valued at $26,410,000 after acquiring an additional 42,638 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of DICK'S Sporting Goods by 19.3% in the 2nd quarter. New Mexico Educational Retirement Board now owns 13,600 shares of the sporting goods retailer's stock valued at $1,363,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of DICK'S Sporting Goods in the 2nd quarter valued at about $378,000. Institutional investors own 89.50% of the company's stock.

In other news, CFO Lee J. Belitsky sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 1st. The stock was sold at an average price of $144.12, for a total value of $2,882,400.00. Following the transaction, the chief financial officer now owns 269,943 shares in the company, valued at $38,904,185.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vladimir Rak sold 10,011 shares of the stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $145.08, for a total value of $1,452,395.88. The disclosure for this sale can be found here. Company insiders own 30.09% of the company's stock.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 29th. Investors of record on Friday, December 10th will be paid a dividend of $0.4375 per share. The ex-dividend date of this dividend is Thursday, December 9th. This represents a $1.75 annualized dividend and a yield of 1.36%. DICK'S Sporting Goods's dividend payout ratio is currently 13.53%.

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.

Read More: Trading Halts Explained

Earnings History and Estimates for DICK'S Sporting Goods (NYSE:DKS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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