DICK’S Sporting Goods (NYSE:DKS) Updates FY 2024 Earnings Guidance

DICK’S Sporting Goods (NYSE:DKS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 13.650-13.950 for the period, compared to the consensus EPS estimate of 13.880. The company issued revenue guidance of $13.2 billion-$13.3 billion, compared to the consensus revenue estimate of $13.3 billion. DICK’S Sporting Goods also updated its FY25 guidance to $13.65-13.95 EPS.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $213.66 on Friday. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.43 and a beta of 1.64. The stock has a 50-day moving average of $205.79 and a 200 day moving average of $210.66. The company has a current ratio of 1.72, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods has a twelve month low of $120.39 and a twelve month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the company posted $2.85 EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. Sell-side analysts anticipate that DICK’S Sporting Goods will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Analyst Upgrades and Downgrades

DKS has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Wedbush reissued a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday. TD Cowen raised their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays upped their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.