DICK’S Sporting Goods, Inc. (NYSE:DKS) Forecasted to Post Q1 2024 Earnings of $3.00 Per Share

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DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) – Analysts at Zacks Research released their estimates for the first quarter of 2024 EPS for DICK’S Sporting Goods in a note issued to investors on Tuesday, March 21 became. Zacks Research analyst S. Singh expects the sporting goods retailer to earn $3.00 per share for the quarter. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.52 per share. Zacks Research also released estimates for DICK’S Sporting Goods earnings of $3.82 per share for the second quarter of 2024, $2.73 per share for the third quarter of 2024, and $3.50 per share for the fourth quarter of 2024, for the full year 2024 at $13.04 per share, Q1 2025 at $3.08 per share and Q2 2025 at $3.91 per share, Q3 2025 earnings at $2.87 per share, Q4 earnings 2025 quarter at $3.62 per share and fiscal 2025 earnings at $13.48 per share.

A number of other research analysts also recently commented on DKS. Stephens raised his target price on DICK’S Sporting Goods to $121.00 in a research note on Friday, November 25. DA Davidson raised its target price on DICK’S Sporting Goods to $178.00 from $145.00 and gave the stock a “buy” rating in a report on Wednesday, March 8th. StockNews.com began coverage on DICK’S Sporting Goods shares in a research report on Thursday, March 16th. You give the stock a “hold” rating. Robert W. Baird raised his price target on shares of DICK’S Sporting Goods from $120.00 to $150.00 in a research note on Tuesday, March 7th. Finally, Wedbush increased its price target on DICK’S Sporting Goods stock to $155.00 from $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 8th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.61.

DICK’S Sporting Goods Stock Performance

DICK’s Sporting Goods stock opened at $139.84 on Friday. The stock has a market cap of $11.08 billion, a P/E of 12.98, a price-to-earnings-to-growth ratio of 2.00, and a beta of 1.41. The stock has a 50-day moving average of $133.36 and a 200-day moving average of $120.40. The company has a current ratio of 1.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.61. DICK’S Sporting Goods has a 52-week low of $63.45 and a 52-week high of $152.61.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its quarterly results on Tuesday, March 7th. The sporting goods retailer reported earnings per share (EPS) of $2.93 for the quarter, beating analyst consensus estimates of $2.86 by $0.07. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.45 billion. In the same quarter last year, the company generated earnings per share of $3.64. The company’s quarterly revenue increased 7.3% compared to the same quarter last year.

DICK’S Sporting Goods increases dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17 will receive a dividend of $1.00. This is an increase from DICK’S Sporting Goods’ prior quarterly dividend of $0.49. That equates to an annual dividend of $4.00 and a yield of 2.86%. The ex-dividend date of this dividend is Thursday March 16th. DICK’S Sporting Goods payout percentage is 37.14%.

Insider buying and selling at DICK’S sporting goods

In other news from DICK’S Sporting Goods, CEO Lauren R. Hobart sold 83,392 shares of the stock in a transaction that took place on Monday, March 13th. The stock sold at an average price of $145.21 for a total value of $12,109,352.32. Upon completion of the sale, the Chief Executive Officer now owns 233,269 shares of the Company, valued at approximately $33,872,991.49. The transaction was disclosed in a document filed with the SEC, available at this link. In related news, Chairman Edward W. Stack sold 159,461 shares of the company’s stock in a transaction that took place on Monday, March 13th. The shares were sold at an average price of $144.38 for a total transaction of $23,022,979.18. Upon completion of the sale, the Chairman now directly owns 10,953,633 shares of the Company, valued at $1,581,485,532.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link. Also, CEO Lauren R. Hobart sold 83,392 shares of the company’s stock in a transaction on Monday, March 13. The stock sold at an average price of $145.21 for a total value of $12,109,352.32. Upon completion of the sale, the Chief Executive Officer now owns 233,269 shares of the Company, valued at approximately $33,872,991.49. 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 have recently bought and sold shares of the stock. Balyasny Asset Management LLC increased its position in DICK’S Sporting Goods by 6,908.1% in the third quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer’s stock valued at $130,224,000 after purchasing an additional 1,226,735 shares last quarter. Renaissance Technologies LLC increased its stake in DICK’S Sporting Goods by 1,226.2% during the second quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer valued at $91,158,000 after purchasing an additional 1,118,279 shares during the period. Samlyn Capital LLC increased its ownership interest in DICK’S Sporting Goods stock by 179.0% during the third quarter. Samlyn Capital LLC now owns 1,179,258 shares of the sporting goods retailer valued at $123,397,000 after purchasing an additional 756,539 shares last quarter. CIBC Private Wealth Group LLC increased its position in shares of DICK’S Sporting Goods by 116.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,174,456 shares of the sporting goods retailer valued at $141,275,000 after purchasing an additional 632,420 shares during the period. Finally, Geode Capital Management LLC increased its position in DICK’S Sporting Goods by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 881,663 shares of the sporting goods retailer’s stock valued at $106,366,000 after acquiring an additional 6,374 shares last quarter. Hedge funds and other institutional investors own 75.08% of the company’s shares.

About DICK’S sporting goods

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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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