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

DICK’S Sporting Goods (NYSE:DKSGet Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $12.85-13.25 for the period, compared to the consensus earnings per share estimate of $12.90. The company issued revenue guidance of $13.0-13.13 billion, compared to the consensus revenue estimate of $13.13 billion. DICK’S Sporting Goods also updated its FY 2024 guidance to 12.850-13.250 EPS.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $211.43 on Friday. The firm has a market capitalization of $17.28 billion, a P/E ratio of 18.86, a PEG ratio of 2.80 and a beta of 1.55. DICK’S Sporting Goods has a 1 year low of $100.98 and a 1 year high of $222.92. The business has a 50-day moving average of $162.33 and a 200-day moving average of $134.72. The company has a current ratio of 1.65, a quick ratio of 0.56 and a debt-to-equity ratio of 0.62.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last posted its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.50. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a return on equity of 40.94% and a net margin of 7.76%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.93 EPS. On average, equities analysts anticipate that DICK’S Sporting Goods will post 12.42 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be given a $1.10 dividend. The ex-dividend date is Wednesday, March 27th. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.08%. DICK’S Sporting Goods’s payout ratio is currently 35.68%.

Wall Street Analysts Forecast Growth

DKS has been the subject of several research analyst reports. Truist Financial boosted their price objective on DICK’S Sporting Goods from $174.00 to $201.00 and gave the company a buy rating in a research report on Tuesday, March 5th. Citigroup boosted their price objective on DICK’S Sporting Goods from $112.00 to $120.00 and gave the company a neutral rating in a research report on Wednesday, November 22nd. Wedbush boosted their price objective on DICK’S Sporting Goods from $115.00 to $130.00 and gave the company a neutral rating in a research report on Wednesday, November 22nd. Robert W. Baird upped their price target on DICK’S Sporting Goods from $145.00 to $185.00 and gave the stock a neutral rating in a research report on Thursday. Finally, Morgan Stanley upped their price objective on DICK’S Sporting Goods from $145.00 to $150.00 and gave the stock an overweight rating in a research note on Wednesday, November 22nd. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $146.69.

Get Our Latest Report on DICK’S Sporting Goods

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 3,174 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $143.12, for a total value of $454,262.88. Following the transaction, the director now directly owns 57,518 shares of the company’s stock, valued at approximately $8,231,976.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 30.79% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

Large investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $26,000. Fortis Capital Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods during the 1st quarter worth $28,000. Pinnacle Holdings LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth $39,000. BOKF NA acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth $46,000. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth $53,000. 68.21% of the stock is owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

(Get Free Report)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

Further Reading

Earnings History and Estimates for DICK'S Sporting Goods (NYSE:DKS)

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