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 (EPS) guidance of $13.55-$13.90 for the period, compared to the consensus 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.

DICK’S Sporting Goods Stock Down 2.7 %

DKS stock opened at $214.85 on Friday. The stock has a market cap of $17.51 billion, a P/E ratio of 17.79, a PEG ratio of 2.59 and a beta of 1.65. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods has a twelve month low of $100.98 and a twelve month high of $239.30. The company’s 50 day moving average is $214.41 and its two-hundred day moving average is $207.43.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the business earned $2.82 EPS. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts expect that DICK’S Sporting Goods will post 13.8 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company 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. This represents a $4.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 19th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Wall Street Analyst Weigh In

DKS has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on 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. Oppenheimer upped their price target on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an outperform rating in a research report on Thursday, May 30th. Robert W. Baird reissued a neutral rating and set a $235.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an overweight rating in a research note on Thursday, May 30th. Finally, TD Cowen boosted their price target on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a buy rating in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $244.43.

Insiders Place Their Bets

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s 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 sale, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 32.03% of the company’s stock.

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.