DICK’S Sporting Goods, Inc. Declares Quarterly Dividend of $1.25 (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS) declared a quarterly dividend on Tuesday, August 25th. Shareholders of record on Friday, September 11th will be paid a dividend of 1.25 per share by the sporting goods retailer on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 11th.

DICK’S Sporting Goods has increased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 11 consecutive years. DICK’S Sporting Goods has a payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DICK’S Sporting Goods to earn $16.38 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 30.5%.

DICK’S Sporting Goods Price Performance

Shares of NYSE:DKS traded down $55.02 on Tuesday, reaching $124.31. The company’s stock had a trading volume of 38,654,696 shares, compared to its average volume of 1,481,393. The company has a 50-day simple moving average of $213.14 and a 200 day simple moving average of $211.25. DICK’S Sporting Goods has a 52-week low of $124.00 and a 52-week high of $244.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The company has a market cap of $11.13 billion, a P/E ratio of 11.82, a PEG ratio of 1.60 and a beta of 1.21.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.23). The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.64 billion. DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The firm’s revenue was up 53.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.38 EPS. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. As a group, equities research analysts anticipate that DICK’S Sporting Goods will post 14.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Telsey Advisory Group lifted their price objective on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Truist Financial lifted their price target on shares of DICK’S Sporting Goods from $252.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Morgan Stanley upped their price target on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Weiss Ratings lowered shares of DICK’S Sporting Goods from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Wells Fargo & Company set a $185.00 price objective on shares of DICK’S Sporting Goods and gave the stock an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

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.