FY2027 EPS Forecast for DICK’S Sporting Goods Cut by Analyst

DICK’S Sporting Goods, Inc. (NYSE:DKS) – Research analysts at Wedbush cut their FY2027 EPS estimates for shares of DICK’S Sporting Goods in a note issued to investors on Wednesday, November 20th. Wedbush analyst S. Basham now anticipates that the sporting goods retailer will post earnings of $15.59 per share for the year, down from their prior forecast of $16.17. Wedbush has a “Neutral” rating and a $250.00 price objective on the stock. The consensus estimate for DICK’S Sporting Goods’ current full-year earnings is $13.91 per share.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the business posted $2.82 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Barclays increased their price target on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Telsey Advisory Group boosted their price objective on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. TD Cowen raised their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Finally, Evercore ISI reiterated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Performance

NYSE:DKS opened at $210.16 on Friday. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 2.29 and a beta of 1.64. DICK’S Sporting Goods has a fifty-two week low of $119.84 and a fifty-two week high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The stock has a fifty day moving average price of $205.72 and a 200-day moving average price of $210.31.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. State Street Corp raised its holdings in DICK’S Sporting Goods by 1.2% during the 3rd quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer’s stock worth $473,945,000 after purchasing an additional 27,155 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in DICK’S Sporting Goods by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer’s stock worth $373,327,000 after buying an additional 57,672 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in DICK’S Sporting Goods by 51.4% in the second quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after buying an additional 375,600 shares during the period. Geode Capital Management LLC lifted its holdings in DICK’S Sporting Goods by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock valued at $217,169,000 after buying an additional 10,640 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in DICK’S Sporting Goods by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after acquiring an additional 102,609 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s payout ratio is currently 32.28%.

About DICK’S Sporting Goods

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