DICK’S Sporting Goods (NYSE:DKS) Releases Earnings Results, Beats Expectations By $0.60 EPS

DICK’S Sporting Goods (NYSE:DKS) issued its quarterly earnings data on Wednesday. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60, Briefing.com reports. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. DICK’S Sporting Goods’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 earnings per share. DICK’S Sporting Goods updated its FY 2024 guidance to 13.550-13.900 EPS and its FY25 guidance to $13.55-$13.90 EPS.

DICK’S Sporting Goods Trading Down 1.2 %

Shares of DICK’S Sporting Goods stock traded down $2.68 during midday trading on Friday, reaching $212.15. 57,622 shares of the company’s stock traded hands, compared to its average volume of 1,126,724. The company has a market cap of $17.29 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.59 and a beta of 1.65. The stock has a 50 day moving average of $214.41 and a 200-day moving average of $207.43. DICK’S Sporting Goods has a 12 month low of $100.98 and a 12 month high of $239.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $1.10 per share. The ex-dividend date is Thursday, September 19th. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Analyst Ratings Changes

DKS has been the topic of a number of research analyst reports. Wells Fargo & Company decreased 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 report on Monday, August 12th. JPMorgan Chase & Co. increased their target price on DICK’S Sporting Goods from $197.00 to $211.00 and gave the company a “neutral” rating in a research note on Thursday, May 30th. Telsey Advisory Group lifted their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Morgan Stanley increased their price objective on DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, May 30th. Finally, TD Cowen boosted their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.43.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 32.03% of the company’s stock.

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.