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

August 16, 2022 Abraham Smith

DICK'S sporting goods logo DICK’S Sporting Goods (NYSE:DKS – Get Rating) is scheduled to release its quarterly earnings data before the market opens on Tuesday, August 23. Analysts expect the company to report earnings of $3.51 per share for the quarter. DICK’S Sporting Goods has set its FY23 guidance at $9.15-$11.70 per share and FY2022 guidance at $9.15-$11.70 per share. Investors interested in registering for the company’s conference call can do so through this link.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, beating analysts’ consensus estimate of $2.43 by $0.42. DICK’S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. The company had revenue of $2.70 billion in the quarter, compared to analyst estimates of $2.63 billion. In the same quarter last year, the company earned $3.79 per share. The company’s revenue fell 7.5% year over year. On average, analysts expect Dick’s Sporting Goods to post earnings per share of $11 for the current fiscal year and $11 for the next fiscal year.

DICK’S sporting goods inventory up 0.2%

NYSE:DKS shares opened at $107.43 on Tuesday. DICK’S Sporting Goods has a 12-month low of $63.45 and a 12-month high of $147.39. The company’s 50-day moving average price is $86.54 and its 200-day moving average price is $95.99. The company has a quick ratio of 0.87, a current ratio of 1.88 and a debt to equity ratio of 0.89. The company has a market cap of $8.65 billion, a P/E of 8.30, a P/E of 1.99, and a beta of 1.63.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. A dividend of $0.488 per share was paid to shareholders of record on Friday, June 10. That equates to an annual dividend of $1.95 and a yield of 1.82%. The ex-dividend date was Thursday June 9th. The payout ratio of DICK’S Sporting Goods is currently 15.07%.

Wall Street analyst ponders

A number of equity analysts have commented on DKS shares. DA Davidson lowered its target price on shares of DICK’S Sporting Goods to $123.00 in a report on Thursday, May 26. Bank of America lowered its target price on shares of DICK’S Sporting Goods from $160.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, May 24. Cowen lowered its target price on shares of DICK’S Sporting Goods to $126.00 in a research note on Thursday, May 26. Stifel Nicolaus raised his price target on shares of DICK’S Sporting Goods from $75.00 to $84.00 in a research note on Wednesday, July 20. Finally, the Telsey Advisory Group lowered its target price on shares of DICK’S Sporting Goods from $125.00 to $110.00 and gave the stock a “Outperform” rating in a research note on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, nine with a hold rating and eight with a buy rating. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of Hold and an average target price of $117.94.

Insiders place their bets

In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,200 shares of the company in a transaction that took place Thursday, May 26th. The shares sold at an average price of $84.57 for a total transaction of $101,484.00. Following the sale, the senior vice president now directly owns 34,231 shares of the company’s stock valued at approximately $2,894,915.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news from DICK’S Sporting Goods, director William J. Colombo acquired 5,000 shares of the stock in a transaction Tuesday, May 31. The shares were purchased at an average price of $80.99 per share for a total transaction of $404,950.00. Upon completion of the acquisition, the Director now directly owns 162,003 shares of the Company, valued at $13,120,622.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission available at this link. In addition, SVP John Edward Hayes III sold 1,200 shares of DICK’S Sporting Goods in a transaction that took place on Thursday, May 26th. The shares sold at an average price of $84.57 for a total transaction of $101,484.00. Following the completion of the sale, the senior vice president now owns 34,231 shares of the company, valued at $2,894,915.67. The disclosure for this sale can be found here. Company insiders own 32.83% of the company’s shares.

Institutional trade in DICK’S sporting goods

Hedge funds and other institutional investors have recently changed their positions in this business. Point72 Hong Kong Ltd increased its stake in DICK’S Sporting Goods by 188.8% in the first quarter. Point72 Hong Kong Ltd now owns 797 shares of the sporting goods retailer, valued at $80,000, after buying another 521 shares last quarter. Covestor Ltd increased its stake in DICK’S Sporting Goods by 118.7% in the first quarter. Covestor Ltd now owns 912 shares of the sporting goods retailer, valued at $91,000, after buying another 495 shares last quarter. The Canada Pension Plan Investment Board increased its stake in DICK’S Sporting Goods by 34.4% in the first quarter. The Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer, valued at $204,000, after buying another 524 shares last quarter. Edgestream Partners LP acquired a new position in DICK’S Sporting Goods valued at $261,000 during the first quarter. Finally, Empirical Financial Services LLC dba Empirical Wealth Management increased its stake in DICK’S Sporting Goods by 36.0% during the first quarter. Empirical Financial Services LLC dba Empirical Wealth Management now owns 3,642 shares of the sporting goods retailer, valued at $364,000, after purchasing an additional 964 shares last quarter. 78.92% of the shares are currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Company Profile

(get rating)

DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing equipment products; Clothing; and shoes and accessories.

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