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

DICK’S Sporting Goods (NYSE:DKS) issued its quarterly earnings data on Wednesday. The sporting goods retailer reported $3.37 EPS for the quarter, hitting analysts’ consensus estimates of $3.37, Zacks reports. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. DICK’S Sporting Goods updated its FY 2025 guidance to 13.800-14.400 EPS.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $173.88 on Wednesday. The firm’s 50 day simple moving average is $189.33 and its 200 day simple moving average is $210.28. 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 $13.89 billion, a price-to-earnings ratio of 12.43, 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 current ratio of 1.72 and a quick ratio of 0.56.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $1.2125 dividend. The ex-dividend date was Friday, March 28th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.79%. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio is 34.54%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DKS shares. Barclays set a $217.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, May 16th. Stifel Nicolaus cut their target price on shares of DICK’S Sporting Goods from $226.00 to $192.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, May 15th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Finally, TD Cowen lowered shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 target price on the stock. in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Hold” and a consensus price target of $229.47.

DICK’S Sporting Goods declared that its board has authorized a stock repurchase plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is 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.