DICK’S Sporting Goods (NYSE:DKS) Updates FY 2025 Earnings Guidance

DICK’S Sporting Goods (NYSE:DKS) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 13.800-14.400 for the period, compared to the consensus estimate of 14.340. The company issued revenue guidance of $13.6 billion-$13.9 billion, compared to the consensus revenue estimate of $13.9 billion.

DICK’S Sporting Goods Trading Up 2.3%

DKS stock opened at $181.20 on Friday. The business has a fifty day moving average price of $188.47 and a 200 day moving average price of $209.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 2.47 and a beta of 1.16.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.37. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. Analysts expect that DICK’S Sporting Goods will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

DICK’S Sporting Goods declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to reacquire up to 18.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup restated a “neutral” rating on shares of DICK’S Sporting Goods in a research report on Thursday. Telsey Advisory Group restated an “outperform” rating and issued a $220.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday. Wells Fargo & Company upped their price objective on DICK’S Sporting Goods from $171.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Truist Financial set a $245.00 target price on DICK’S Sporting Goods in a research report on Tuesday, March 11th. Finally, UBS Group cut their price target on shares of DICK’S Sporting Goods from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $223.53.

About DICK’S Sporting Goods

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.