DICK’S Sporting Goods (DKS) to Release Quarterly Earnings on Tuesday

DICK’S Sporting Goods (NYSE:DKS) will likely be issuing its quarterly earnings data before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of $3.47 per share and revenue of $3.76 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

DICK’S Sporting Goods Stock Performance

DKS stock opened at $214.48 on Friday. The business’s fifty day moving average is $231.77 and its 200-day moving average is $219.50. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a market cap of $17.47 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods has a twelve month low of $178.21 and a twelve month high of $254.60.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 over the last three months. Insiders own 32.03% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the topic of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Friday. TD Cowen increased their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Loop Capital raised their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Argus raised their price objective on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.09.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.