DICK’S Sporting Goods (NYSE:DKS) Issues FY25 Earnings Guidance

DICK’S Sporting Goods (NYSE:DKS) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $13.65-13.95 for the period, compared to the consensus estimate of $13.92. The company issued revenue guidance of +3.6-4.2% yr/yr to ~$13.45-13.53 billion, compared to the consensus revenue estimate of $13.28 billion. DICK’S Sporting Goods also updated its FY 2024 guidance to 13.650-13.950 EPS.

DICK’S Sporting Goods Trading Up 0.7 %

Shares of DKS opened at $213.70 on Thursday. DICK’S Sporting Goods has a 52-week low of $120.39 and a 52-week high of $239.30. The stock has a market cap of $17.40 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. The firm’s fifty day moving average is $205.76 and its two-hundred day moving average is $210.64. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the business posted $2.85 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. Research analysts forecast that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio is presently 32.28%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DKS. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the company from $225.00 to $260.00 in a report on Wednesday. Truist Financial increased their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Wells Fargo & Company decreased their price target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Finally, TD Cowen raised their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

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.