DICK'S Sporting Goods (NYSE:DKS) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Key Points

• DICK'S Sporting Goods reported a quarterly earnings per share (EPS) of $4.38, surpassing estimates by $0.08 and showing a 5% increase in revenue year-over-year.
• The company has updated its fiscal year 2025 EPS guidance to a range of $13.90 to $14.50.
• Despite the positive earnings report, shares of DICK'S Sporting Goods declined by 0.3% following the announcement.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) released its earnings results on Thursday. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.30 by $0.08, Zacks reports. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. During the same period in the previous year, the firm earned $4.37 earnings per share. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. DICK'S Sporting Goods updated its FY 2025 guidance to 13.900-14.500 EPS.

DICK'S Sporting Goods Stock Down 0.3%

Shares of NYSE DKS opened at $226.14 on Thursday. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $18.10 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 3.32 and a beta of 1.07. DICK'S Sporting Goods has a 12 month low of $166.37 and a 12 month high of $254.60. The stock has a 50-day moving average price of $210.30 and a two-hundred day moving average price of $201.12.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $255.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday. Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Citigroup reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a research report on Thursday, May 29th. Truist Financial set a $230.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Hold" and a consensus target price of $225.00.

Insider Activity

In other news, EVP Navdeep Gupta sold 13,334 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the sale, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. The trade was a 15.19% 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. Also, Director Robert W. Eddy purchased 1,357 shares of DICK'S Sporting Goods stock in a transaction dated Wednesday, June 25th. The shares were purchased at an average price of $185.31 per share, for a total transaction of $251,465.67. Following the completion of the acquisition, the director owned 4,768 shares of the company's stock, valued at approximately $883,558.08. The trade was a 39.78% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 69,200 shares of company stock valued at $14,462,923. Corporate insiders own 32.55% of the company's stock.

Hedge Funds Weigh In On DICK'S Sporting Goods

A number of institutional investors and hedge funds have recently modified their holdings of DKS. Brown Advisory Inc. boosted its holdings in shares of DICK'S Sporting Goods by 9.6% during the 2nd quarter. Brown Advisory Inc. now owns 1,143 shares of the sporting goods retailer's stock worth $226,000 after buying an additional 100 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of DICK'S Sporting Goods during the 2nd quarter worth $255,000. Kestra Investment Management LLC grew its stake in shares of DICK'S Sporting Goods by 27,760.0% during the 2nd quarter. Kestra Investment Management LLC now owns 1,393 shares of the sporting goods retailer's stock worth $276,000 after acquiring an additional 1,388 shares during the period. Cerity Partners LLC boosted its stake in DICK'S Sporting Goods by 54.1% in the 2nd quarter. Cerity Partners LLC now owns 1,600 shares of the sporting goods retailer's stock worth $316,000 after purchasing an additional 562 shares during the period. Finally, Shay Capital LLC bought a new position in DICK'S Sporting Goods in the 2nd quarter worth about $386,000. 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.

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