DICK’S Sporting Goods (NYSE:DKS) Updates FY 2022 Earnings Guidance


DICK’S Sporting Goods (NYSE:DKSGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided EPS guidance of $9.15-$11.70 for the period, compared to the consensus EPS estimate of $12.56. The company issued revenue guidance of -.

Shares of NYSE DKS opened at $75.30 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.88 and a quick ratio of 0.87. The firm has a market capitalization of $6.06 billion, a PE ratio of 5.82, a P/E/G ratio of 1.38 and a beta of 1.61. DICK’S Sporting Goods has a 1-year low of $63.45 and a 1-year high of $147.39. The business’s fifty day moving average price is $88.23 and its two-hundred day moving average price is $101.54.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last released its quarterly earnings data on Wednesday, May 25th. The sporting goods retailer reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.43. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.63 billion. DICK’S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.79 EPS. Equities research analysts expect that DICK’S Sporting Goods will post 10.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be issued a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Thursday, June 9th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 15.07%.

A number of research analysts have issued reports on DKS shares. Robert W. Baird reduced their price target on DICK’S Sporting Goods from $115.00 to $85.00 and set a neutral rating for the company in a research report on Wednesday, May 25th. StockNews.com initiated coverage on shares of DICK’S Sporting Goods in a report on Thursday, March 31st. They issued a hold rating for the company. Stephens lowered their target price on shares of DICK’S Sporting Goods to $102.00 in a research note on Monday, May 30th. Wedbush reduced their price target on shares of DICK’S Sporting Goods from $140.00 to $110.00 in a research note on Thursday, May 26th. Finally, Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $168.00 to $180.00 and gave the company a buy rating in a research note on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods has a consensus rating of Hold and a consensus price target of $117.41.

In related news, SVP John Edward Hayes III sold 2,352 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $107.39, for a total value of $252,581.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donald J. Germano sold 23,961 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $110.33, for a total transaction of $2,643,617.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,848 shares of company stock valued at $14,967,859. 32.83% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in DKS. Advisors Asset Management Inc. boosted its stake in shares of DICK’S Sporting Goods by 85.8% during the 4th quarter. Advisors Asset Management Inc. now owns 5,690 shares of the sporting goods retailer’s stock valued at $654,000 after buying an additional 2,628 shares during the period. JustInvest LLC boosted its position in DICK’S Sporting Goods by 74.7% during the fourth quarter. JustInvest LLC now owns 5,619 shares of the sporting goods retailer’s stock valued at $646,000 after purchasing an additional 2,402 shares during the last quarter. Golden State Equity Partners grew its stake in DICK’S Sporting Goods by 51.2% in the first quarter. Golden State Equity Partners now owns 6,403 shares of the sporting goods retailer’s stock valued at $640,000 after purchasing an additional 2,167 shares in the last quarter. Lido Advisors LLC increased its position in DICK’S Sporting Goods by 6.2% in the 1st quarter. Lido Advisors LLC now owns 5,201 shares of the sporting goods retailer’s stock worth $520,000 after purchasing an additional 302 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of DICK’S Sporting Goods by 6.2% during the 1st quarter. Captrust Financial Advisors now owns 5,056 shares of the sporting goods retailer’s stock worth $506,000 after purchasing an additional 297 shares in the last quarter. 78.92% of the stock is currently owned by institutional investors.

DICK’S Sporting Goods Company Profile (Get Rating)

DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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



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