Key Details
Price
$214.11Last Dividend
$1.10Annual ROE
40.71%Beta
1.04Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
Nov 26, 2024Recent annual earnings:
Mar 14, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Sept 20, 2024Next split:
N/ARecent split:
Oct 22, 2007Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
DICK'S Q3 results reflect gains from a strong back-to-school shopping season and robust comparable sales, leading to a raised full-year guidance.
Dick's Sporting Goods (NYSE:DKS) has been upgraded to 'buy' by UBS as the retail has created a "virtuous cycle" that is allowing sustainable earnings growth. Accelerating the roll-out of its Dick's House of Sport concept store formats, which allow top brands to show off their products above others, is making Dick's increasingly favored by the best product partners, meaning it is gaining better access to differentiated high-demand products during all seasons, analysts at the bank said.
U.S. stocks traded mostly higher toward the end of trading, with the S&P 500 gaining around 0.5% on Tuesday.
Dick's Sporting Goods' third-quarter 2024 earnings results exceeded analyst expectations and demonstrated continued momentum as the back-to-school season transitioned into the holiday shopping period. During an earnings call Tuesday (Nov. 26), executives credited strategic initiatives, strong team execution and an omnichannel approach for the company's continued momentum, despite headwinds from a challenging macroeconomic landscape.
We recommend buying DICK'S Sporting Goods, Inc. stock, especially near $200, due to its strong performance and attractive valuation. Q3 earnings beat expectations with $3.06 billion in sales and a 13% rise in net income, despite a one-week headwind. The company boasts strong comparable sales, a solid balance sheet, and strategic stock repurchases, with a 2% dividend yield.
DICK'S Sporting Goods, Inc. (NYSE:DKS ) Q3 2024 Earnings Conference Call November 26, 2024 8:00 AM ET Company Participants Nate Gilch - Senior Director, IR Lauren Hobart - President and CEO Navdeep Gupta - EVP and CFO Conference Call Participants Adrienne Yih - Barclays Simeon Gutman - Morgan Stanley Brian Nagel - Oppenheimer Kate McShane - Goldman Sachs Robert Ohmes - Bank of America John Kernan - TD Cowen Michael Lasser - UBS Kelly Crago - Citigroup Justin Kleber - Baird Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.
Although the revenue and EPS for Dick's (DKS) give a sense of how its business performed in the quarter ended October 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Dick's Sporting Goods (DKS) came out with quarterly earnings of $2.75 per share, beating the Zacks Consensus Estimate of $2.68 per share. This compares to earnings of $2.85 per share a year ago.
The retailer beat estimates for the third quarter and raised its guidance.
Dick's Sporting Goods posted better-than-expected sales and earnings, leading it to raise its full-year guidance. The sporting goods giant previously issued cautious guidance ahead of the 2024 presidential election.
FAQ
- What is the primary business of DICKS Sporting Goods?
- What is the ticker symbol for DICKS Sporting Goods?
- Does DICKS Sporting Goods pay dividends?
- What sector is DICKS Sporting Goods in?
- What industry is DICKS Sporting Goods in?
- What country is DICKS Sporting Goods based in?
- When did DICKS Sporting Goods go public?
- Is DICKS Sporting Goods in the S&P 500?
- Is DICKS Sporting Goods in the NASDAQ 100?
- Is DICKS Sporting Goods in the Dow Jones?
- When was DICKS Sporting Goods's last earnings report?
- When does DICKS Sporting Goods report earnings?
- Should I buy DICKS Sporting Goods stock now?