Wedbush Lowers Earnings Estimates for DICK’S Sporting Goods

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Equities researchers at Wedbush cut their FY2027 EPS estimates for DICK’S Sporting Goods in a report released on Wednesday, November 20th. Wedbush analyst S. Basham now anticipates that the sporting goods retailer will post earnings of $15.59 per share for the year, down from their prior estimate of $16.17. Wedbush currently has a “Neutral” rating and a $250.00 target price on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.91 per share.

A number of other brokerages also recently weighed in on DKS. Bank of America boosted their target price on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Wells Fargo & Company dropped their price objective on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. DA Davidson reiterated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. TD Cowen boosted their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, UBS Group upped their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $210.11 on Friday. DICK’S Sporting Goods has a 12-month low of $119.84 and a 12-month high of $239.30. The stock has a 50-day simple moving average of $205.72 and a 200 day simple moving average of $210.26. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 2.27 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 earnings per share.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its holdings in DICK’S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after purchasing an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of DICK’S Sporting Goods by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after buying an additional 57,672 shares during the period. Renaissance Technologies LLC grew its holdings in shares of DICK’S Sporting Goods by 51.4% during the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after buying an additional 375,600 shares in the last quarter. Geode Capital Management LLC raised its position in DICK’S Sporting Goods by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock valued at $217,169,000 after buying an additional 10,640 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in DICK’S Sporting Goods by 15.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after acquiring an additional 102,609 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.