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.
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