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

DICK’S Sporting Goods (NYSE:DKS) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 13.550-13.900 for the period, compared to the consensus earnings per share estimate of 13.790. The company issued revenue guidance of $13.1 billion-$13.2 billion, compared to the consensus revenue estimate of $13.2 billion. DICK’S Sporting Goods also updated its FY25 guidance to $13.55-$13.90 EPS.

Analyst Ratings Changes

Several research firms recently issued reports on DKS. DA Davidson reiterated a buy rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday. Loop Capital lifted their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a hold rating in a report on Thursday. 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 report on Tuesday. Telsey Advisory Group increased their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an outperform rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. boosted their price objective on DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a neutral rating in a research note on Thursday, May 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $244.43.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $208.04 on Friday. DICK’S Sporting Goods has a fifty-two week low of $100.98 and a fifty-two week 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. The company has a 50 day moving average price of $214.27 and a 200 day moving average price of $207.70. The stock has a market capitalization of $16.95 billion, a P/E ratio of 17.22, a PEG ratio of 2.59 and a beta of 1.65.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the business posted $2.82 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that DICK’S Sporting Goods will post 13.8 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, September 19th. DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%.

Insiders Place Their Bets

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.