Wedbush Reduces Earnings Estimates for DICK’S Sporting Goods

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Stock analysts at Wedbush reduced their FY2027 EPS estimates for shares of DICK’S Sporting Goods in a research note issued on Wednesday, November 20th. Wedbush analyst S. Basham now expects that the sporting goods retailer will earn $15.59 per share for the year, down from their previous forecast of $16.17. Wedbush has a “Neutral” rating and a $250.00 price target on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.91 per share.

Several other analysts also recently commented on the company. Telsey Advisory Group raised their price objective on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. UBS Group increased their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Citigroup cut their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Evercore ISI reissued an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $210.16 on Friday. The stock has a market cap of $17.11 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.29 and a beta of 1.64. The stock has a 50-day moving average of $205.72 and a 200-day moving average of $210.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods has a one year low of $119.84 and a one year high of $239.30.

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

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.09%. DICK’S Sporting Goods’s payout ratio is 32.28%.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds have recently made changes to their positions in DKS. ICA Group Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at about $28,000. Brooklyn Investment Group bought a new position in DICK’S Sporting Goods in the 3rd quarter valued at about $27,000. Covestor Ltd lifted its position in DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of DICK’S Sporting Goods during the second quarter worth approximately $31,000. Finally, ORG Partners LLC acquired a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $30,000. 89.83% of the stock is owned by institutional investors and hedge funds.

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.