FY2023 Earnings Estimate for DICK’S Sporting Goods, Inc. (NYSE:DKS) Issued By Oppenheimer

DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) – Equities research analysts at Oppenheimer raised their FY2023 earnings estimates for shares of DICK’S Sporting Goods in a research note issued on Wednesday, November 23rd. Oppenheimer analyst B. Nagel now forecasts that the sporting goods retailer will post earnings of $11.65 per share for the year, up from their previous estimate of $11.11. Oppenheimer has a “Outperform” rating and a $138.00 price objective on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $11.89 per share.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last released its earnings results on Tuesday, August 23rd. The sporting goods retailer reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.15. DICK’S Sporting Goods had a net margin of 9.52% and a return on equity of 52.43%. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the firm earned $5.08 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year.

A number of other equities analysts have also issued reports on DKS. Stifel Nicolaus raised their target price on shares of DICK’S Sporting Goods from $100.00 to $112.00 in a research report on Wednesday. Barclays lifted their price objective on DICK’S Sporting Goods from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday. Gordon Haskett upgraded DICK’S Sporting Goods from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Tuesday. Wedbush lifted their price target on DICK’S Sporting Goods from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Morgan Stanley boosted their target price on DICK’S Sporting Goods from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $135.16.

DICK’S Sporting Goods Trading Up 1.0 %

NYSE DKS opened at $118.98 on Thursday. The stock has a market capitalization of $9.42 billion, a P/E ratio of 10.50, a PEG ratio of 1.98 and a beta of 1.46. DICK’S Sporting Goods has a 12 month low of $63.45 and a 12 month high of $132.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 0.75. The firm’s 50-day moving average is $110.23 and its two-hundred day moving average is $98.18.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently made changes to their positions in DKS. Balyasny Asset Management LLC raised its position in shares of DICK’S Sporting Goods by 6,908.1% during the 3rd quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer’s stock valued at $130,224,000 after acquiring an additional 1,226,735 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of DICK’S Sporting Goods by 1,226.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer’s stock valued at $91,158,000 after acquiring an additional 1,118,279 shares in the last quarter. HS Management Partners LLC raised its position in shares of DICK’S Sporting Goods by 368.8% during the 1st quarter. HS Management Partners LLC now owns 1,418,366 shares of the sporting goods retailer’s stock valued at $141,865,000 after acquiring an additional 1,115,841 shares in the last quarter. Samlyn Capital LLC raised its position in shares of DICK’S Sporting Goods by 179.0% during the 3rd quarter. Samlyn Capital LLC now owns 1,179,258 shares of the sporting goods retailer’s stock valued at $123,397,000 after acquiring an additional 756,539 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of DICK’S Sporting Goods by 14,621.4% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 523,934 shares of the sporting goods retailer’s stock valued at $39,487,000 after acquiring an additional 520,375 shares in the last quarter. 78.85% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a $0.488 dividend. This represents a $1.95 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 8th. DICK’S Sporting Goods’s payout ratio is 17.21%.

DICK’S Sporting Goods Company Profile

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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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