DICK’S Sporting Goods (NYSE:DKS) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

DICK’S Sporting Goods (NYSE:DKS) issued its quarterly earnings results on Tuesday. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07, Briefing.com reports. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.85 earnings per share. 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 Down 1.4 %

Shares of NYSE:DKS opened at $212.28 on Wednesday. The company has a market capitalization of $17.28 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods has a 52-week low of $119.84 and a 52-week high of $239.30. The company has a fifty day moving average of $205.78 and a 200-day moving average of $210.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 32.28%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DKS shares. UBS Group boosted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Barclays boosted their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods presently has an average 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.