DICK'S Sporting Goods (NYSE:DKS) Issues Quarterly Earnings Results

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) announced its quarterly earnings results 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 return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods updated its FY 2025 guidance to 13.800-14.400 EPS.

DICK'S Sporting Goods Price Performance

Shares of DKS traded down $1.76 during trading hours on Friday, hitting $179.45. 1,911,698 shares of the stock were exchanged, compared to its average volume of 1,253,679. 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 has a 12-month low of $166.37 and a 12-month high of $254.60. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The stock's 50-day moving average price is $188.47 and its two-hundred day moving average price is $209.94.

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, June 13th. DICK'S Sporting Goods's payout ratio is 34.54%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DKS. Telsey Advisory Group reissued an "outperform" rating and issued a $220.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday. Robert W. Baird decreased their price target on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a report on Friday, May 16th. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Stifel Nicolaus reduced their target price on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Finally, DA Davidson reduced their target price on DICK'S Sporting Goods from $273.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $222.74.

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

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.