Wall Street brokerages predict that Dicks Sporting Goods Inc (NYSE:DKS) will post sales of $2.72 billion for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Dicks Sporting Goods’ earnings, with the highest sales estimate coming in at $2.77 billion and the lowest estimate coming in at $2.61 billion. Dicks Sporting Goods posted sales of $2.48 billion during the same quarter last year, which would indicate a positive year over year growth rate of 9.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Dicks Sporting Goods will report full-year sales of $2.72 billion for the current year, with estimates ranging from $8.48 billion to $8.69 billion. For the next year, analysts expect that the firm will report sales of $8.80 billion per share, with estimates ranging from $8.70 billion to $9.00 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Dicks Sporting Goods.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. Dicks Sporting Goods’s revenue was up 7.4% compared to the same quarter last year.

Several analysts recently commented on the company. Oppenheimer reaffirmed a “hold” rating on shares of Dicks Sporting Goods in a report on Tuesday, November 14th. Susquehanna Bancshares cut their price objective on Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Forward View upgraded Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Thursday, November 16th. Telsey Advisory Group upgraded Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $25.00 to $42.00 in a research report on Thursday, January 25th. Finally, Citigroup lowered their target price on Dicks Sporting Goods from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, November 16th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.88.

Institutional investors have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of Dicks Sporting Goods in the fourth quarter valued at about $122,000. Toronto Dominion Bank lifted its position in shares of Dicks Sporting Goods by 169.2% in the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after acquiring an additional 2,927 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Dicks Sporting Goods in the third quarter valued at about $132,000. State of Alaska Department of Revenue purchased a new position in shares of Dicks Sporting Goods in the fourth quarter valued at about $188,000. Finally, Vicus Capital purchased a new position in shares of Dicks Sporting Goods in the fourth quarter valued at about $202,000. Institutional investors and hedge funds own 73.66% of the company’s stock.

Shares of Dicks Sporting Goods (NYSE:DKS) traded down $0.02 on Tuesday, hitting $31.48. The company had a trading volume of 2,790,000 shares, compared to its average volume of 3,210,000. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. Dicks Sporting Goods has a one year low of $23.88 and a one year high of $53.75. The company has a market capitalization of $3,380.00, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.85 and a beta of 0.61.

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About Dicks Sporting Goods

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

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Earnings History and Estimates for Dicks Sporting Goods (NYSE:DKS)

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