DICK’S Sporting Goods (NYSE:DKS) Releases FY 2024 Earnings Guidance

DICK’S Sporting Goods (NYSE:DKS) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 13.650-13.950 for the period, compared to the consensus EPS estimate of 13.880. The company issued revenue guidance of $13.2 billion-$13.3 billion, compared to the consensus revenue estimate of $13.3 billion. DICK’S Sporting Goods also updated its FY25 guidance to $13.65-13.95 EPS.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $212.28 on Wednesday. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 15.57, a P/E/G 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 stock has a fifty day moving average of $205.78 and a 200 day moving average of $210.53. DICK’S Sporting Goods has a 52-week low of $119.84 and a 52-week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates 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 revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.85 earnings per share. On average, research analysts expect that DICK’S Sporting Goods will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 32.28%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DKS shares. JPMorgan Chase & Co. increased their target price 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. Barclays raised their price objective on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Bank of America increased 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. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $260.00 in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.29.

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.