DICK’S Sporting Goods, Inc. (NYSE:DKS – Get 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:DKS – Get 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.
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
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.
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