DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Free Report) declared a quarterly dividend on Wednesday, May 27th. Shareholders of record on Friday, June 12th will be paid a dividend of 1.25 per share by the sporting goods retailer on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, June 12th.
DICK’S Sporting Goods has raised its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend every year for the last 11 years. DICK’S Sporting Goods has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect DICK’S Sporting Goods to earn $16.10 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 31.1%.
DICK’S Sporting Goods Price Performance
Shares of DKS opened at $218.16 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods has a 1 year low of $170.73 and a 1 year high of $237.75. The stock has a market cap of $19.42 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 3.31 and a beta of 1.21. The stock’s 50-day moving average price is $212.20 and its two-hundred day moving average price is $209.66.
Key Headlines Impacting DICK’S Sporting Goods
Here are the key news stories impacting DICK’S Sporting Goods this week:
- Positive Sentiment: Q1 revenue beat estimates at $5.16 billion and comparable sales rose 6.0%, showing solid underlying demand. DICK’S Sporting Goods, Inc. Reports First Quarter Results
- Positive Sentiment: Management lifted the low end of its comparable sales outlook for both the DICK’S and Foot Locker businesses, signaling confidence in momentum heading into the rest of the year. DKS Lifts Its Comps Outlook During Q1 Earnings Call on Core Strength
- Positive Sentiment: Jefferies raised its price target to $224 from $210, implying some upside from the recent trading level, even while keeping a Hold rating. Jefferies price target update
- Positive Sentiment: The company announced a quarterly dividend of $1.25 per share, which can support investor sentiment around capital returns. Dividend announcement
- Neutral Sentiment: Foot Locker’s turnaround is gaining traction, with Fast Break remodels reportedly driving double-digit comps, but the acquisition is also adding complexity to the earnings picture. Foot Locker returns to growth but weighs on Dick’s Sporting Goods as earnings miss
- Negative Sentiment: Adjusted EPS of $2.90 missed the $2.91 consensus estimate, and full-year GAAP EPS guidance was cut to $13.27-$14.27 from $13.70-$14.70, which is likely weighing on the stock. DICK’S Sporting Goods, Inc. Reports First Quarter Results
DICK’S Sporting Goods Company Profile
DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.
The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.
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