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

DICK’S Sporting Goods (NYSE:DKS) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $13.65-13.95 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Citigroup dropped their target price on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Wells Fargo & Company decreased their price target on shares of 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. Wedbush reaffirmed 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. Finally, Loop Capital upped their price target on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average target price of $246.29.

DICK’S Sporting Goods Stock Down 1.4 %

Shares of NYSE DKS opened at $212.28 on Wednesday. DICK’S Sporting Goods has a 52-week low of $119.84 and a 52-week high of $239.30. The business’s 50 day moving average is $205.78 and its two-hundred day moving average is $210.53. The firm has a market cap of $17.28 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.45 and a beta of 1.64. 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 announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. DICK’S Sporting Goods’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business posted $2.85 EPS. Research analysts predict that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.07%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

DICK’S Sporting Goods Company Profile

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.