AllAnalyst Report
logoArgus•March 19, 2024

DICK'S Sporting Goods, Inc.: DKS beats consensus, hikes dividend 10%; raising target

Symbols
DKS
Sector(s)
Consumer Cyclical
Rating
Current Price
$198.76
Price Target
Earnings Estimate
Summary

Dick's Sporting Goods Inc., headquartered near Pittsburgh, is a full-line sporting goods retailer. The company offers a broad selection of brand name and exclusive-brand sporting goods equipment, apparel and footwear. At the end of FY24, the company operated 724 Dick's stores, and 131 other locations, which include Golf Galaxy stores, as well, Public Lands, and Going Gone! warehouse stores. Dick's stores average 50,000 square feet, and total square footage was approximately 42.7 million at the end of FY24. The company maintains e-commerce sites for Dick's, Field & Stream, and Golf Galaxy. Total FY24 sales were $13 billion, with about 34% from apparel, 24% from footwear, and 40% from hard lines such as sporting goods, fitness, and golf equipment. E-commerce represe

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Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail
Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.