DICK’S Sporting Goods (NYSE:DKS) Announces Quarterly Earnings Results, Hits Estimates

DICK’S Sporting Goods (NYSE:DKS) issued its quarterly earnings data on Wednesday. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.37, Zacks reports. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.12 billion. DICK’S Sporting Goods updated its FY 2025 guidance to 13.800-14.400 EPS.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $181.20 on Friday. DICK’S Sporting Goods has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock’s 50 day simple moving average is $188.47 and its two-hundred day simple moving average is $209.94. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 2.47 and a beta of 1.16.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Friday, June 13th. DICK’S Sporting Goods’s payout ratio is currently 34.54%.

DICK’S Sporting Goods announced that its Board of Directors has authorized a share buyback program on Tuesday, March 11th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the sporting goods retailer to repurchase up to 18.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Gordon Haskett lowered shares of DICK’S Sporting Goods from a “buy” rating to a “reduce” rating and set a $170.00 price target for the company. in a report on Friday, May 16th. TD Cowen lowered DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 price objective for the company. in a research report on Thursday, May 15th. Citigroup reissued a “neutral” rating on shares of DICK’S Sporting Goods in a research note on Thursday. Truist Financial set a $230.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on shares of DICK’S Sporting Goods from $171.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $222.74.

DICK’S Sporting Goods Company Profile

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.