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

DICK’S Sporting Goods (NYSE:DKS) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 13.650-13.950 for the period, compared to the consensus 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 Stock Performance

NYSE DKS opened at $213.66 on Friday. The company has a market cap of $17.39 billion, a P/E ratio of 15.27, a P/E/G ratio of 2.43 and a beta of 1.64. DICK’S Sporting Goods has a 1-year low of $120.39 and a 1-year high of $239.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.69. The stock has a 50-day moving average of $205.79 and a two-hundred day moving average of $210.66.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.85 EPS. As a group, analysts anticipate that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Analyst Ratings Changes

DKS has been the topic of a number of analyst reports. Loop Capital increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday. DA Davidson reissued a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a report on Tuesday. Finally, Bank of America lifted their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus target price of $244.95.

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.