Equities analysts forecast that Dicks Sporting Goods Inc (NYSE:DKS) will post sales of $1.91 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Dicks Sporting Goods’ earnings, with the highest sales estimate coming in at $1.95 billion and the lowest estimate coming in at $1.89 billion. Dicks Sporting Goods also reported sales of $1.91 billion during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Wednesday, May 29th.
According to Zacks, analysts expect that Dicks Sporting Goods will report full-year sales of $8.51 billion for the current year, with estimates ranging from $8.46 billion to $8.55 billion. For the next year, analysts forecast that the company will post sales of $8.65 billion, with estimates ranging from $8.56 billion to $8.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.07. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis.
DKS stock traded down $0.46 during midday trading on Friday, hitting $34.52. The company’s stock had a trading volume of 1,637,444 shares, compared to its average volume of 2,222,455. The stock has a market cap of $3.40 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.67 and a beta of 0.57. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.03. Dicks Sporting Goods has a 1 year low of $29.69 and a 1 year high of $40.87.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, March 14th. Dicks Sporting Goods’s payout ratio is presently 27.78%.
Large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Dicks Sporting Goods in the 4th quarter worth about $49,764,000. FMR LLC increased its stake in Dicks Sporting Goods by 6.0% in the 4th quarter. FMR LLC now owns 1,080,575 shares of the sporting goods retailer’s stock worth $33,713,000 after acquiring an additional 61,114 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new position in Dicks Sporting Goods in the 4th quarter worth about $370,000. HighPoint Advisor Group LLC increased its stake in Dicks Sporting Goods by 25.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 26,264 shares of the sporting goods retailer’s stock worth $994,000 after acquiring an additional 5,278 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in Dicks Sporting Goods by 593.0% in the 4th quarter. APG Asset Management N.V. now owns 108,800 shares of the sporting goods retailer’s stock worth $2,969,000 after acquiring an additional 93,100 shares during the last quarter. Institutional investors own 81.47% of the company’s stock.
Dicks Sporting Goods Company Profile
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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