DICK’S Sporting Goods (NYSE:DKS) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

DICK’S Sporting Goods (NYSE:DKS) released its quarterly earnings data on Tuesday. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07, Briefing.com reports. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the business posted $2.85 EPS. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. DICK’S Sporting Goods updated its FY 2024 guidance to 13.650-13.950 EPS and its FY25 guidance to $13.65-13.95 EPS.

DICK’S Sporting Goods Stock Up 2.4 %

NYSE:DKS opened at $215.13 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The company’s fifty day moving average price is $205.78 and its 200-day moving average price is $210.53. DICK’S Sporting Goods has a 1-year low of $119.84 and a 1-year high of $239.30. The firm has a market capitalization of $17.51 billion, a P/E ratio of 15.78, a PEG ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods Announces Dividend

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 $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 32.28%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DKS shares. Loop Capital raised their price target on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Wedbush reiterated a “neutral” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Bank of America boosted their price objective 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. Finally, Telsey Advisory Group boosted their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

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.