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

DICK’S Sporting Goods (NYSE:DKS) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $13.65-13.95 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. DA Davidson reaffirmed a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Telsey Advisory Group boosted their price target on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Wells Fargo & Company dropped their price objective on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Finally, UBS Group lifted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Stock Up 2.4 %

Shares of NYSE:DKS opened at $215.13 on Tuesday. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods has a fifty-two week low of $119.84 and a fifty-two week high of $239.30. The firm’s 50-day simple moving average is $205.78 and its 200-day simple moving average is $210.53. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS. As a group, equities research analysts predict that DICK’S Sporting Goods will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 32.28%.

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.