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

DICK’S Sporting Goods (NYSE:DKS) announced its quarterly earnings results on Tuesday. The sporting goods retailer reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15, Zacks reports. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.76 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 EPS. 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 Stock Performance

Shares of DICK’S Sporting Goods stock opened at $199.20 on Wednesday. The stock has a market cap of $16.23 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods has a 12 month low of $180.80 and a 12 month high of $254.60. 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 fifty day simple moving average of $230.77 and a 200-day simple moving average of $218.94.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.43%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. DICK’S Sporting Goods’s payout ratio is presently 31.45%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of DICK’S Sporting Goods from $235.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday. TD Cowen upped their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Argus increased their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley boosted their target price on 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, Truist Financial increased their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $247.59.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. 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. 32.03% of the stock is currently owned by corporate insiders.

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