DICK’S Sporting Goods (DKS) Scheduled to Post Earnings on Tuesday

DICK’S Sporting Goods (NYSE:DKS – Get Rating) is scheduled to release its quarterly earnings data before the market opens on Tuesday, March 7th. Analysts expect the company to report earnings of $2.86 per share for the quarter. Investors interested in registering for the company’s conference call can do so through this link.

DICK’S Sporting Goods Stock Performance

→ Urgent warning (From Weiss Ratings)

NYSE DKS opened at $129.76 on Tuesday. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 2.14 and a beta of 1.40. The stock has a 50-day simple moving average of $125.72 and a 200-day simple moving average of $116.60. The company has a quick ratio of 0.59, a current ratio of 1.81 and a debt to equity ratio of 0.69. DICK’S Sporting Goods has a 12-month low of $63.45 and a 12-month high of $138.43.

Wall Street analyst ponders

Several research companies have commented on DKS. UBS Group raised its price target for shares of DICK’S Sporting Goods from USD 120.00 to USD 130.00 and rated the company as “neutral” in a research report on Friday, January 6. Cowen raised his target price on DICK’S Sporting Goods from $155.00 to $166.00 in a research report on Monday, February 6. Morgan Stanley raised its target price on DICK’S Sporting Goods to $165.00 from $135.00 and ranked the stock “Overweight” in a research note on Monday, January 9th. Wells Fargo & Company raised its price target on DICK’S Sporting Goods from $103.00 to $120.00 in a research note on Wednesday, November 23. Finally, Wedbush increased its price target on DICK’S Sporting Goods to $140.00 from $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 23. Seven research analysts have rated the stock with a hold rating and fifteen have rated the company’s stock with a buy. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.05.

Insiders place their bets

In other news, SVP John Edward Hayes III sold 1,000 shares of the stock in a transaction on Friday, December 9th. The shares sold at an average price of $120.57 for a total transaction of $120,570.00. Following the transaction, the senior vice president now owns 26,231 shares of the company, valued at approximately $3,162,671.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. In other news, EVP Vladimir Rak sold 29,144 shares of the company in a transaction on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total value of $3,276,659.92. Upon completion of the sale, the Executive Vice President now owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. In addition, SVP John Edward Hayes III sold 1,000 shares of DICK’S Sporting Goods in a transaction that took place on Friday, December 9th. The shares sold at an average price of $120.57 for a total transaction of $120,570.00. Following the sale, the senior vice president now owns 26,231 shares of the company, valued at $3,162,671.67. The disclosure for this sale can be found here. Company insiders own 32.83% of the company’s shares.

Hedge funds rely on sporting goods from DICK

A number of hedge funds recently changed their holdings in the company. Linden Thomas Advisory Services LLC acquired a new position in shares of DICK’S Sporting Goods valued at approximately $679,000 during the fourth quarter. Point72 Middle East FZE acquired a new position in DICK’S Sporting Goods valued at approximately $1,423,000 during the fourth quarter. The State of Wyoming increased its stake in DICK’S Sporting Goods by 45,750.0% in the fourth quarter. The state of Wyoming now owns 917 shares of the $110,000 sporting goods retailer, having bought another 915 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of DICK’S Sporting Goods by 10.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,038 shares of the sporting goods retailer, valued at $125,000, having purchased an additional 100 shares during the period. Finally, Zuckerman Investment Group LLC increased its holding in DICK’S Sporting Goods by 0.8% during the fourth quarter. Zuckerman Investment Group LLC now owns 173,823 shares of the sporting goods retailer’s stock valued at $20,909,000 after purchasing an additional 1,358 shares last quarter. 75.08% of the shares are currently owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

(received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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