DICK’S Sporting Goods (NYSE:DKS) Issues 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.

DICK’S Sporting Goods Trading Up 0.7 %

Shares of DICK’S Sporting Goods stock opened at $213.66 on Friday. DICK’S Sporting Goods has a 1 year low of $120.39 and a 1 year high of $239.30. The stock has a fifty day moving average price of $205.79 and a 200-day moving average price of $210.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.69. The firm has a market cap of $17.39 billion, a PE ratio of 15.27, a P/E/G ratio of 2.43 and a beta of 1.64.

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

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed 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. This represents a $4.40 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. TD Cowen increased their target price 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. Loop Capital lifted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.95.

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.