DICK’S Sporting Goods, Inc. (NYSE:DKS) Expected to Earn Q3 2024 Earnings of $2.43 Per Share

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Equities research analysts at Zacks Research cut their Q3 2024 earnings per share estimates for shares of DICK’S Sporting Goods in a report released on Tuesday, September 5th. Zacks Research analyst R. Lohia now anticipates that the sporting goods retailer will post earnings per share of $2.43 for the quarter, down from their prior estimate of $2.58. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $11.86 per share. Zacks Research also issued estimates for DICK’S Sporting Goods’ Q1 2025 earnings at $2.93 EPS, Q3 2025 earnings at $2.71 EPS, Q4 2025 earnings at $3.45 EPS, Q1 2026 earnings at $3.01 EPS and FY2026 earnings at $12.84 EPS.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). DICK’S Sporting Goods had a return on equity of 40.52% and a net margin of 8.03%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the previous year, the company posted $3.68 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. cut their price target on DICK’S Sporting Goods from $144.00 to $128.00 and set a “neutral” rating for the company in a research note on Thursday, August 24th. Bank of America lowered DICK’S Sporting Goods from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $180.00 to $125.00 in a research report on Wednesday, August 23rd. Wells Fargo & Company dropped their price target on DICK’S Sporting Goods from $140.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 23rd. UBS Group dropped their price target on DICK’S Sporting Goods from $160.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday, August 23rd. Finally, Citigroup dropped their price target on DICK’S Sporting Goods from $153.00 to $118.00 and set a “neutral” rating for the company in a research report on Wednesday, August 23rd. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $143.17.

DICK’S Sporting Goods Trading Down 0.7 %

Shares of DKS stock opened at $111.05 on Thursday. DICK’S Sporting Goods has a 52-week low of $98.01 and a 52-week high of $152.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.81. The firm has a market capitalization of $9.44 billion, a PE ratio of 9.85, a PEG ratio of 1.88 and a beta of 1.46. The stock has a fifty day simple moving average of $131.81 and a two-hundred day simple moving average of $135.36.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, September 14th. DICK’S Sporting Goods’s payout ratio is 35.49%.

Insiders Place Their Bets

In other news, Director Sandeep Mathrani purchased 1,300 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were acquired at an average cost of $113.54 per share, with a total value of $147,602.00. Following the completion of the acquisition, the director now owns 6,647 shares of the company’s stock, valued at $754,700.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 30.79% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of large investors have recently made changes to their positions in DKS. Oder Investment Management LLC lifted its position in DICK’S Sporting Goods by 1.3% during the second quarter. Oder Investment Management LLC now owns 5,428 shares of the sporting goods retailer’s stock valued at $718,000 after purchasing an additional 69 shares during the period. Smithfield Trust Co raised its position in shares of DICK’S Sporting Goods by 10.7% in the second quarter. Smithfield Trust Co now owns 756 shares of the sporting goods retailer’s stock worth $101,000 after acquiring an additional 73 shares during the period. Lakewood Asset Management LLC raised its position in shares of DICK’S Sporting Goods by 0.9% in the first quarter. Lakewood Asset Management LLC now owns 8,273 shares of the sporting goods retailer’s stock worth $1,174,000 after acquiring an additional 74 shares during the period. Atlas Capital Advisors LLC raised its position in shares of DICK’S Sporting Goods by 4.8% in the first quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock worth $246,000 after acquiring an additional 79 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of DICK’S Sporting Goods by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer’s stock worth $2,098,000 after acquiring an additional 79 shares during the period. 68.21% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Company Profile

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