DICK’S Sporting Goods, Inc. (NYSE:DKS) Forecasted to Post FY2025 Earnings of $13.68 Per Share

DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) – Investment analysts at Wedbush reduced their FY2025 EPS estimates for DICK’S Sporting Goods in a research report issued to clients and investors on Thursday, May 26th. Wedbush analyst S. Basham now forecasts that the sporting goods retailer will earn $13.68 per share for the year, down from their previous forecast of $14.38.

Several other equities research analysts also recently issued reports on DKS. Robert W. Baird lowered their price target on DICK’S Sporting Goods from $115.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday. Stephens lowered their price objective on shares of DICK’S Sporting Goods from $138.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 9th. Truist Financial increased their price target on shares of DICK’S Sporting Goods from $168.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, March 9th. Barclays decreased their target price on DICK’S Sporting Goods from $134.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Telsey Advisory Group decreased their price objective on DICK’S Sporting Goods from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Hold” and a consensus price target of $117.58.

NYSE DKS opened at $84.58 on Friday. DICK’S Sporting Goods has a 1 year low of $63.45 and a 1 year high of $147.39. The company has a fifty day simple moving average of $97.89 and a 200 day simple moving average of $108.20. The company has a current ratio of 1.88, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The company has a market cap of $6.75 billion, a P/E ratio of 6.09, a P/E/G ratio of 1.26 and a beta of 1.60.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last announced its quarterly earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.43. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the previous year, the firm earned $3.79 earnings per share. The business’s quarterly revenue was down 7.5% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in shares of DICK’S Sporting Goods by 62.0% during the 1st quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock worth $26,000 after buying an additional 101 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $31,000. Missouri Trust & Investment Co bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Huntington National Bank boosted its holdings in shares of DICK’S Sporting Goods by 36,600.0% in the 1st quarter. Huntington National Bank now owns 367 shares of the sporting goods retailer’s stock valued at $37,000 after buying an additional 366 shares during the last quarter. Finally, Sageworth Trust Co of South Dakota bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at $44,000. 78.92% of the stock is owned by institutional investors and hedge funds.

In other DICK’S Sporting Goods news, SVP Julie Lodge-Jarrett sold 9,139 shares of the stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $109.02, for a total transaction of $996,333.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Donald J. Germano sold 54,210 shares of the business’s stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $99.68, for a total value of $5,403,652.80. Following the completion of the sale, the executive vice president now owns 91,269 shares in the company, valued at $9,097,693.92. The disclosure for this sale can be found here. Insiders sold 190,886 shares of company stock valued at $20,211,002 in the last ninety days. Insiders own 32.83% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be issued a dividend of $0.488 per share. This represents a $1.95 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Thursday, June 9th. DICK’S Sporting Goods’s dividend payout ratio is currently 14.05%.

DICK’S Sporting Goods Company Profile (Get Rating)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

See Also

Earnings History and Estimates for DICK'S Sporting Goods (NYSE:DKS)

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