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 guidance of 13.650-13.950 for the period, compared to the consensus earnings per share 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 Trading Up 0.7 %

Shares of DKS stock opened at $213.70 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods has a fifty-two week low of $120.39 and a fifty-two week high of $239.30. The firm’s 50 day moving average price is $205.76 and its two-hundred day moving average price is $210.64. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the company earned $2.85 EPS. The firm’s revenue was up .5% on a year-over-year basis. On average, analysts anticipate that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 32.28%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DKS. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Wedbush restated a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday. Barclays boosted their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Citigroup cut their target price on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, DICK’S Sporting Goods presently has an average 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.