DICK’S Sporting Goods (NYSE:DKS) Announces Earnings Results, Beats Expectations By $0.07 EPS

DICK’S Sporting Goods (NYSE:DKS) posted its quarterly earnings data on Tuesday. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07, Briefing.com reports. The business had revenue of $3.06 billion during 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%. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business 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 Price Performance

Shares of NYSE DKS opened at $212.28 on Wednesday. DICK’S Sporting Goods has a fifty-two week low of $119.84 and a fifty-two week high of $239.30. The stock 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 debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The firm’s 50-day simple moving average is $205.78 and its 200 day simple moving average is $210.53.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a yield of 2.07%. DICK’S Sporting Goods’s payout ratio is 32.28%.

Analyst Upgrades and Downgrades

A number of analysts have commented on DKS shares. Bank of America upped their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Wells Fargo & Company cut 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 report on Monday, August 12th. Citigroup cut their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Loop Capital upped their price target on shares of 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. Finally, DA Davidson reaffirmed a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Nine 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, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average target price of $244.62.

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.