DICK’S Sporting Goods (NYSE:DKS) Issues 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

A number of equities analysts have recently weighed in on the company. UBS Group upped their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a neutral rating in a report on Monday, August 26th. Wedbush increased their target price on shares of DICK’S Sporting Goods from $230.00 to $250.00 and gave the stock a neutral rating in a research report on Wednesday, August 28th. Barclays boosted their price target on shares of DICK’S Sporting Goods from $231.00 to $247.00 and gave the company an overweight rating in a report on Thursday, May 30th. Evercore ISI increased their price objective on DICK’S Sporting Goods from $240.00 to $280.00 and gave the stock an outperform rating in a report on Thursday, May 30th. Finally, Telsey Advisory Group boosted their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an outperform rating in a research note on Friday, August 30th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $242.67.

DICK’S Sporting Goods Stock Down 2.0 %

DKS stock opened at $232.12 on Wednesday. The stock has a market capitalization of $18.92 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.65. The company has a 50-day moving average of $214.63 and a two-hundred day moving average of $207.28. DICK’S Sporting Goods has a 52-week low of $100.98 and a 52-week high of $239.30. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 0.65.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 32.03% of the stock is owned by insiders.

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.