DICK’S Sporting Goods (NYSE:DKS) Posts Earnings Results, Beats Estimates By $1.22 EPS

DICK’S Sporting Goods (NYSE:DKS) released its quarterly earnings data on Monday. The sporting goods retailer reported $3.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $1.22, MarketWatch Earnings reports. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.49 billion. DICK’S Sporting Goods had a return on equity of 50.69% and a net margin of 10.69%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.01 earnings per share.

Shares of NYSE DKS opened at $127.30 on Thursday. The business’s 50 day moving average price is $127.15 and its 200-day moving average price is $113.09. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.84 and a beta of 1.72. DICK’S Sporting Goods has a fifty-two week low of $51.51 and a fifty-two week high of $147.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 1.72.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 29th. Stockholders of record on Friday, December 10th will be issued a $0.4375 dividend. The ex-dividend date of this dividend is Thursday, December 9th. This represents a $1.75 annualized dividend and a dividend yield of 1.37%. DICK’S Sporting Goods’s payout ratio is 14.60%.

A number of equities analysts have recently weighed in on DKS shares. UBS Group upped their price objective on DICK’S Sporting Goods from $115.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, August 26th. Bank of America upped their price objective on DICK’S Sporting Goods from $115.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 26th. Telsey Advisory Group increased their price target on DICK’S Sporting Goods from $125.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, August 26th. Stifel Nicolaus increased their price target on DICK’S Sporting Goods from $126.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, Wedbush increased their price target on DICK’S Sporting Goods from $150.00 to $155.00 and gave the company a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Buy” and a consensus price target of $126.55.

In other DICK’S Sporting Goods news, SVP John Edward Hayes III sold 733 shares of the firm’s stock in a transaction on Monday, August 30th. The stock was sold at an average price of $139.39, for a total transaction of $102,172.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Lee J. Belitsky sold 35,000 shares of the stock in a transaction on Friday, August 27th. The shares were sold at an average price of $134.86, for a total value of $4,720,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,744 shares of company stock worth $9,157,069 over the last 90 days. 30.09% of the stock is currently owned by company insiders.

A hedge fund recently raised its stake in DICK’S Sporting Goods stock. Morgan Stanley lifted its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 27.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,401 shares of the sporting goods retailer’s stock after purchasing an additional 93,962 shares during the quarter. Morgan Stanley owned about 0.49% of DICK’S Sporting Goods worth $43,423,000 as of its most recent SEC filing. Institutional investors and hedge funds own 89.50% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.

See Also: Holder of Record

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

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