Analysts Offer Predictions for DICK’S Sporting Goods, Inc.’s FY2023 Earnings (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) – Stock analysts at DA Davidson upped their FY2023 earnings per share estimates for shares of DICK’S Sporting Goods in a report issued on Wednesday, November 23rd. DA Davidson analyst M. Baker now expects that the sporting goods retailer will earn $11.85 per share for the year, up from their previous forecast of $11.31. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $11.89 per share. DA Davidson also issued estimates for DICK’S Sporting Goods’ Q4 2023 earnings at $2.67 EPS.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last released its earnings results on Tuesday, August 23rd. The sporting goods retailer reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.15. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.07 billion. DICK’S Sporting Goods had a return on equity of 52.43% and a net margin of 9.52%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $5.08 EPS.

Several other equities research analysts also recently weighed in on the company. Cowen increased their price target on DICK’S Sporting Goods from $150.00 to $155.00 in a research report on Wednesday. Stifel Nicolaus increased their price target on DICK’S Sporting Goods from $100.00 to $112.00 in a research report on Wednesday. Evercore ISI increased their price target on DICK’S Sporting Goods from $120.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 24th. UBS Group increased their target price on shares of DICK’S Sporting Goods from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. Finally, Barclays increased their target price on shares of DICK’S Sporting Goods from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $135.16.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $118.98 on Thursday. The business’s 50-day moving average is $110.13 and its two-hundred day moving average is $98.03. The company has a market capitalization of $9.42 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.98 and a beta of 1.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.75 and a current ratio of 1.81. DICK’S Sporting Goods has a fifty-two week low of $63.45 and a fifty-two week high of $132.75.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently bought and sold shares of DKS. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of DICK’S Sporting Goods by 0.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,088 shares of the sporting goods retailer’s stock worth $4,009,000 after buying an additional 331 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of DICK’S Sporting Goods by 413.8% during the 1st quarter. National Bank of Canada FI now owns 3,211 shares of the sporting goods retailer’s stock worth $341,000 after buying an additional 2,586 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of DICK’S Sporting Goods during the 1st quarter worth approximately $345,000. Townsend & Associates Inc acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $1,872,000. Finally, CX Institutional increased its holdings in shares of DICK’S Sporting Goods by 431.0% during the 2nd quarter. CX Institutional now owns 10,742 shares of the sporting goods retailer’s stock worth $809,000 after buying an additional 8,719 shares during the last quarter. Institutional investors and hedge funds own 78.85% of the company’s stock.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a $0.488 dividend. The ex-dividend date is Thursday, December 8th. This represents a $1.95 dividend on an annualized basis and a yield of 1.64%. DICK’S Sporting Goods’s payout ratio is 17.21%.

DICK’S Sporting Goods Company Profile

(Get Rating)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

Further Reading

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

Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.