DICK’S Sporting Goods, Inc. (NYSE:DKS) Expected to Earn Q2 2024 Earnings of $3.74 Per Share

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DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) – Telsey Advisory Group lowered its second-quarter 2024 earnings estimates for DICK’S Sporting Goods in a note issued to investors on Friday, March 3. Telsey Advisory Group analyst J. Feldman now forecasts the sporting goods retailer to earn $3.74 per share for the quarter, down from its previous estimate of $4.10. Telsey Advisory Group currently has an Outperform rating and a price target of $135.00 on the stock. The consensus estimate for DICK’S Sporting Goods current full year earnings is $11.95 per share.

Other research analysts have also recently issued reports on the stock. Cowen raised his target price on shares of DICK’S Sporting Goods from $150.00 to $155.00 in a report on Wednesday, November 23. Stephens raised his target price on shares of DICK’S Sporting Goods to $121.00 in a report on Friday, November 25. Robert W. Baird increased his price target on shares of DICK’S Sporting Goods from $115.00 to $120.00 in a report on Tuesday, November 22. Wells Fargo & Company increased its price target on shares of DICK’S Sporting Goods to $120.00 from $103.00 in a report on Wednesday, November 23. Finally, in a report on Tuesday, February 28, Citigroup downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “neutral” rating and lowered its price target on the stock to 140 from $143.00, $00. Eight research analysts have rated the stock with a hold and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.90.

DICK’S sporting goods retail increased by 2.0%

NYSE DKS opened at $132.11 on Monday. The company’s 50-day moving average price is $127.28 and its 200-day moving average price is $117.16. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. The stock has a market cap of $10.46 billion, a PE ratio of 11.66, a PEG ratio of 2.20 and a beta of 1.41. DICK’S Sporting Goods has a 12-month low of $63.45 and a 12-month high of $138.43.

Hedge funds rely on sporting goods from DICK

Several institutional investors have recently changed their positions in the company. Lakewood Asset Management LLC acquired a new position in DICK’S Sporting Goods stock valued at approximately $986,000 during the fourth quarter. 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 interest in DICK’S Sporting Goods valued at $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 sporting goods retailer, valued at $110,000, having acquired an additional 915 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holding in 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. 75.08% of the shares are owned by hedge funds and other institutional investors.

Insiders place their bets

In other news from DICK’S Sporting Goods, EVP Vladimir Rak sold 29,144 shares of the company in a transaction that took place on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total transaction of $3,276,659.92. Upon closing of the transaction, the Executive Vice President now directly owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this link. In other news, EVP Vladimir Rak sold 29,144 shares of DICK’S Sporting Goods in a transaction that took place on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total transaction of $3,276,659.92. Upon closing of the transaction, the Executive Vice President now directly owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC’s website. 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 transaction, the senior vice president now directly owns 26,231 shares of the company, valued at $3,162,671.67. The disclosure for this sale can be found here. 32.83% of the shares are currently owned by insiders.

DICK’S Sporting Goods Company Profile

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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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