DA Davidson Increases Forecast for DICK'S Sporting Goods FY2025 Earnings

DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) has recently seen an increase in its earnings estimates for the fiscal year 2025, following a report by DA Davidson. Analyst M. Baker has upgraded the company's earnings per share (EPS) prediction from $13.73 to $13.80. This adjustment signals a positive outlook for the sporting goods retailer.

Analyst Predictions and Ratings

DA Davidson maintains a "Buy" rating for DICK'S Sporting Goods, setting a target price of $265.00 for the stock. In comparison, the consensus estimate for the company's current fiscal year's earnings stands at $13.88 per share. Additionally, DA Davidson has estimated the company's Q4 2025 earnings to reach $3.37 per share.

Ratings from Other Brokerages

Other financial institutions have also weighed in on DICK'S stock recently. Wedbush kept a "neutral" rating but adjusted its target price down from $250.00 to $215.00. Similarly, JPMorgan Chase & Co. increased its price objective from $211.00 to $215.00 while maintaining a "neutral" rating. Furthermore, Wells Fargo & Company lowered its target price from $230.00 to $227.00, assigning it an "equal weight" rating. Conversely, Barclays raised its target price from $247.00 to $254.00, rating the stock as "overweight." Evercore ISI has reaffirmed an "outperform" rating with a $280.00 price objective.

DICK'S Share Performance

As of Thursday, DICK'S shares opened at $213.70, with the company's fifty-day moving average at $205.76 and its 200-day moving average at $210.64. DICK'S Sporting Goods has a market capitalization of $17.40 billion, a debt-to-equity ratio of 0.51, and a price-to-earnings ratio of 15.68. The stock hit a twelve-month low of $120.39 and a high of $239.30.

Recent Earnings Report

On November 26th, DICK'S Sporting Goods announced its latest earnings results, reporting $2.75 EPS for the quarter, exceeding analyst expectations of $2.68 by $0.07. The retailer achieved a return on equity of 45.14% and a net margin of 8.46%. Revenue for the quarter was reported at $3.06 billion, slightly above the consensus estimate of $3.03 billion, and up 0.5% compared to the same quarter last year.

Institutional Investors and Stake Changes

Recently, several institutional investors have adjusted their positions in DICK'S stock. For instance, State Street Corp increased its stake by 1.2%, whereas Charles Schwab Investment Management raised its holdings by 3.3% during the third quarter. Other investment firms also reported increases in their shares, indicating a strong institutional interest in the company. Currently, approximately 89.83% of the company's stock is owned by hedge funds and institutional investors.

Dividend Announcement

DICK'S Sporting Goods has also announced a quarterly dividend of $1.10 per share, payable on December 27th to shareholders recorded by December 13th. This represents an annualized dividend of $4.40 and a yield of 2.06%, with the payout ratio standing at 32.28%.

About DICK'S Sporting Goods

DICK'S Sporting Goods operates as a comprehensive sporting goods retailer in the United States, offering a variety of products, including sports equipment, apparel, and accessories.

Earnings, Stocks, Investing