DICK’S Sporting Goods, Inc. Declares Quarterly Dividend of $1.10 (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS) announced a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 1.10 per share by the sporting goods retailer on Friday, December 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, December 13th.

DICK’S Sporting Goods has increased its dividend payment by an average of 47.4% annually over the last three years. DICK’S Sporting Goods has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect DICK’S Sporting Goods to earn $14.78 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 29.8%.

DICK’S Sporting Goods Stock Up 0.7 %

Shares of DKS stock traded up $1.48 on Wednesday, hitting $213.70. The company’s stock had a trading volume of 1,939,434 shares, compared to its average volume of 1,091,869. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods has a fifty-two week low of $120.39 and a fifty-two week high of $239.30. The firm’s fifty day moving average price is $205.76 and its 200-day moving average price is $210.64. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.85 EPS. Research analysts anticipate that DICK’S Sporting Goods will post 13.88 EPS for the current year.

Wall Street Analysts Forecast Growth

DKS has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday. Barclays boosted their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Wedbush reiterated a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday. Finally, UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their target price for the company from $225.00 to $260.00 in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Company Profile

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.