DICK’S Sporting Goods (NYSE:DKS) Announces Quarterly Earnings Results

DICK’S Sporting Goods (NYSE:DKS) issued its quarterly earnings results on Tuesday. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07, Briefing.com reports. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 earnings per share. 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 0.7 %

Shares of DKS opened at $213.70 on Thursday. The company’s 50-day moving average price is $205.76 and its 200 day moving average price is $210.64. DICK’S Sporting Goods has a 12-month low of $120.39 and a 12-month high of $239.30. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The firm has a market cap of $17.40 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods Dividend Announcement

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

Wall Street Analyst Weigh In

DKS has been the subject of a number of research analyst reports. Bank of America increased their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Evercore ISI restated an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Barclays lifted their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. TD Cowen raised their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, DA Davidson reiterated a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.