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

DICK’S Sporting Goods (NYSE:DKS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 14.250-14.550 for the period, compared to the consensus earnings per share estimate of 14.390. The company issued revenue guidance of $14.0 billion-$14.0 billion, compared to the consensus revenue estimate of $14.0 billion.

Analysts Set New Price Targets

A number of brokerages have weighed in on DKS. Loop Capital set a $215.00 target price on shares of DICK’S Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group initiated coverage on shares of DICK’S Sporting Goods in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 price objective for the company. Truist Financial upped their price objective on DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Weiss Ratings raised DICK’S Sporting Goods from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Oppenheimer restated an “outperform” rating and set a $270.00 target price on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Twelve investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $234.29.

DICK’S Sporting Goods Stock Up 0.2%

NYSE:DKS opened at $206.67 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44. DICK’S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $254.60. The stock’s fifty day simple moving average is $222.27 and its 200-day simple moving average is $209.77. The firm has a market capitalization of $16.55 billion, a P/E ratio of 14.43, a P/E/G ratio of 3.23 and a beta of 1.05.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The company’s quarterly revenue was up 36.3% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. Equities research analysts expect that DICK’S Sporting Goods will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be issued a dividend of $1.2125 per share. The ex-dividend date is Friday, December 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.3%. DICK’S Sporting Goods’s payout ratio is currently 33.87%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the sale, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 32.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atreides Management LP acquired a new position in DICK’S Sporting Goods in the second quarter valued at about $172,715,000. Raymond James Financial Inc. lifted its holdings in shares of DICK’S Sporting Goods by 274.3% during the 3rd quarter. Raymond James Financial Inc. now owns 642,592 shares of the sporting goods retailer’s stock valued at $142,797,000 after purchasing an additional 470,925 shares in the last quarter. State Street Corp grew its position in shares of DICK’S Sporting Goods by 17.7% in the 3rd quarter. State Street Corp now owns 2,606,541 shares of the sporting goods retailer’s stock valued at $579,226,000 after purchasing an additional 391,694 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the 2nd quarter valued at approximately $64,693,000. Finally, Glenview Capital Management LLC bought a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $57,470,000. 89.83% of the stock is currently owned by institutional investors.

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.