DICK'S Sporting Goods (NYSE:DKS) Issues FY 2025 Earnings Guidance

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 13.800-14.400 for the period, compared to the consensus earnings per share 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 Stock Up 2.3%

Shares of DKS stock traded up $4.08 during mid-day trading on Thursday, reaching $181.20. 2,424,845 shares of the company were exchanged, compared to its average volume of 1,255,459. The business's 50 day simple moving average is $188.47 and its 200 day simple moving average is $209.94. 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 market capitalization of $14.47 billion, a P/E ratio of 12.95, a P/E/G ratio of 2.47 and a beta of 1.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. Research analysts predict that DICK'S Sporting Goods will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $1.2125 dividend. The ex-dividend date 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 dividend payout ratio is currently 34.54%.

DICK'S Sporting Goods announced that its Board of Directors has approved a share buyback program on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DKS shares. Wells Fargo & Company boosted their target price on DICK'S Sporting Goods from $171.00 to $187.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Loop Capital reduced their price objective on DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating on the stock in a research note on Friday, May 16th. UBS Group cut their price target on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday. Telsey Advisory Group restated an "outperform" rating and set a $220.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday. Finally, Gordon Haskett lowered DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price target on the stock. in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $223.53.

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.