DICK’S Sporting Goods (NYSE:DKS) Announces Earnings Results

DICK’S Sporting Goods (NYSE:DKS) posted its quarterly earnings data on Tuesday. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07, Briefing.com reports. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $2.85 EPS. DICK’S Sporting Goods updated its FY 2024 guidance to 13.650-13.950 EPS and its FY25 guidance to $13.65-13.95 EPS.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $213.66 on Friday. The stock has a market capitalization of $17.39 billion, a PE 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 business has a 50 day simple moving average of $205.79 and a two-hundred day simple moving average of $210.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.69.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid 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 payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DKS shares. Barclays raised their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Citigroup decreased their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and set a $235.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Loop Capital boosted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average price target 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.