Dicks Sporting Goods Inc (DKS) Expected to Announce Quarterly Sales of $1.90 Billion

Brokerages expect Dicks Sporting Goods Inc (NYSE:DKS) to post sales of $1.90 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Dicks Sporting Goods’ earnings. The lowest sales estimate is $1.88 billion and the highest is $1.95 billion. Dicks Sporting Goods posted sales of $1.91 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.5%. The company is scheduled to issue its next earnings report on Wednesday, May 29th.

According to Zacks, analysts expect that Dicks Sporting Goods will report full-year sales of $8.52 billion for the current financial year, with estimates ranging from $8.48 billion to $8.56 billion. For the next fiscal year, analysts expect that the firm will post sales of $8.66 billion, with estimates ranging from $8.56 billion to $8.71 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Dicks Sporting Goods.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.07. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS.

Several brokerages have recently issued reports on DKS. Zacks Investment Research cut Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, February 4th. ValuEngine upgraded Dicks Sporting Goods from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Telsey Advisory Group restated an “outperform” rating and set a $41.00 price target (down previously from $44.00) on shares of Dicks Sporting Goods in a report on Wednesday, March 13th. Canaccord Genuity set a $54.00 price target on Dicks Sporting Goods and gave the company a “buy” rating in a report on Thursday, December 20th. Finally, Argus increased their price target on Dicks Sporting Goods from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, December 11th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $40.95.

A number of large investors have recently added to or reduced their stakes in the stock. Nkcfo LLC purchased a new stake in Dicks Sporting Goods in the fourth quarter worth $31,000. Bremer Trust National Association purchased a new stake in Dicks Sporting Goods in the fourth quarter worth $36,000. Huntington National Bank increased its stake in Dicks Sporting Goods by 36.8% in the fourth quarter. Huntington National Bank now owns 1,779 shares of the sporting goods retailer’s stock worth $56,000 after purchasing an additional 479 shares during the period. Acadian Asset Management LLC increased its stake in Dicks Sporting Goods by 35.3% in the fourth quarter. Acadian Asset Management LLC now owns 2,839 shares of the sporting goods retailer’s stock worth $88,000 after purchasing an additional 741 shares during the period. Finally, Advisor Group Inc. increased its stake in Dicks Sporting Goods by 62.2% in the fourth quarter. Advisor Group Inc. now owns 3,198 shares of the sporting goods retailer’s stock worth $99,000 after purchasing an additional 1,226 shares during the period. Institutional investors own 83.12% of the company’s stock.

Shares of DKS opened at $37.88 on Tuesday. The company has a market cap of $3.62 billion, a PE ratio of 11.69, a PEG ratio of 1.93 and a beta of 0.56. Dicks Sporting Goods has a 1 year low of $29.69 and a 1 year high of $40.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.20 and a current ratio of 1.41.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.90%. The ex-dividend date was Thursday, March 14th. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.23. Dicks Sporting Goods’s dividend payout ratio is presently 33.95%.

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 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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