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

DICK’S Sporting Goods (NYSE:DKS) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $13.55-$13.90 for the period, compared to the consensus earnings per share estimate of $13.79. The company issued revenue guidance of $13.1-$13.2 billion, compared to the consensus revenue estimate of $13.24 billion. DICK’S Sporting Goods also updated its FY 2024 guidance to 13.550-13.900 EPS.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Truist Financial upped their price target on DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a buy rating in a research note on Thursday, May 30th. Barclays upped their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an overweight rating in a research note on Thursday. Evercore ISI reiterated an outperform rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday. Stifel Nicolaus upped their price target on DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a hold rating in a research note on Thursday, May 30th. Finally, TD Cowen upped their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a buy rating in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $244.43.

DICK’S Sporting Goods Trading Down 3.2 %

DICK’S Sporting Goods stock opened at $208.04 on Friday. The business has a 50 day moving average price of $214.27 and a two-hundred day moving average price of $207.70. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.65. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 EPS. As a group, equities analysts forecast that DICK’S Sporting Goods will post 13.8 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $1.10 dividend. The ex-dividend date is Thursday, September 19th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.11%. DICK’S Sporting Goods’s payout ratio is presently 36.42%.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. 32.03% of the stock is currently owned by insiders.

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.