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 (EPS) guidance of 13.650-13.950 for the period, compared to the consensus 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 Trading Up 2.4 %

Shares of NYSE:DKS opened at $215.13 on Tuesday. The stock’s 50-day simple moving average is $205.78 and its two-hundred day simple moving average is $210.53. DICK’S Sporting Goods has a 52-week low of $119.84 and a 52-week high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 EPS. Analysts expect that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of research reports. Loop Capital lifted their price target on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Bank of America lifted their price objective on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, August 28th. DA Davidson restated a “buy” rating and issued a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Wells Fargo & Company cut their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.62.

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.