Dicks Sporting Goods Inc (NYSE:DKS) declared a quarterly dividend on Friday, August 24th, NASDAQ reports. Shareholders of record on Friday, September 14th will be paid a dividend of 0.225 per share by the sporting goods retailer on Friday, September 28th. This represents a $0.90 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Thursday, September 13th.
Dicks Sporting Goods has increased its dividend payment by an average of 10.8% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Dicks Sporting Goods has a dividend payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Dicks Sporting Goods to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 27.3%.
NYSE:DKS traded down $0.26 during trading hours on Friday, reaching $38.08. 1,868,675 shares of the company traded hands, compared to its average volume of 4,225,997. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.74 and a beta of 0.44. Dicks Sporting Goods has a 1 year low of $23.88 and a 1 year high of $39.71. The company has a current ratio of 1.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.09.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, August 29th. The sporting goods retailer reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.14. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Dicks Sporting Goods had a return on equity of 17.72% and a net margin of 3.82%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 earnings per share. equities research analysts predict that Dicks Sporting Goods will post 3.13 EPS for the current year.
DKS has been the subject of a number of recent research reports. Buckingham Research lifted their price objective on Dicks Sporting Goods from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, May 31st. Citigroup lifted their target price on Dicks Sporting Goods from $38.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Deutsche Bank set a $45.00 target price on Dicks Sporting Goods and gave the stock a “buy” rating in a report on Thursday, May 31st. Deutsche Bank lifted their target price on Dicks Sporting Goods to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Finally, Zacks Investment Research raised Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Monday, July 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.38.
About Dicks Sporting Goods
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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