DICK’S Sporting Goods (NYSE:DKS) Releases Earnings Results, Beats Estimates By $0.15 EPS

DICK’S Sporting Goods (NYSE:DKS) issued its quarterly earnings results on Tuesday. The sporting goods retailer reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.15, Zacks reports. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $3.85 earnings per share. DICK’S Sporting Goods updated its FY 2025 guidance to 13.800-14.400 EPS and its FY26 guidance to $13.80-14.40 EPS.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $194.63 on Thursday. The stock has a market cap of $15.86 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 2.47 and a beta of 1.53. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $230.08 and a 200 day simple moving average of $218.77. DICK’S Sporting Goods has a 52 week low of $182.25 and a 52 week high of $254.60.

DICK’S Sporting Goods Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $1.2125 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $4.85 annualized dividend and a dividend yield of 2.49%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Wall Street Analyst Weigh In

DKS has been the subject of several research analyst reports. Loop Capital raised their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Truist Financial set a $245.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday. Robert W. Baird reduced their target price on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley lifted their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Friday, March 7th. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $246.91.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the transaction, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 in the last 90 days. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods announced that its board has initiated a stock buyback plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares buyback plans are usually 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.