Dick’s Sporting Goods Inc (NYSE:DKS) announced a quarterly dividend on Tuesday, August 15th, Zacks reports. Shareholders of record on Friday, September 8th will be paid a dividend of 0.17 per share by the sporting goods retailer on Friday, September 29th. This represents a $0.68 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, September 7th.

Dick’s Sporting Goods has increased its dividend by an average of 6.6% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Dick’s Sporting Goods has a payout ratio of 18.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dick’s Sporting Goods to earn $3.92 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 17.3%.

Shares of Dick’s Sporting Goods (NYSE:DKS) traded up 2.9963% during mid-day trading on Wednesday, reaching $27.6751. The company’s stock had a trading volume of 5,201,443 shares. Dick’s Sporting Goods has a one year low of $26.32 and a one year high of $62.88. The stock has a 50 day moving average of $37.10 and a 200-day moving average of $44.68. The stock has a market cap of $3.11 billion, a P/E ratio of 10.7185 and a beta of 0.47. Dick’s Sporting Goods also was the target of unusually large options trading on Monday. Traders acquired 9,392 put options on the company. This is an increase of approximately 361% compared to the typical daily volume of 2,036 put options.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the company posted $0.82 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that Dick’s Sporting Goods will post $3.63 EPS for the current fiscal year.

A number of analysts have recently weighed in on DKS shares. Zacks Investment Research raised Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Barclays PLC reaffirmed an “equal weight” rating and set a $46.00 price objective (down previously from $50.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. B. Riley reaffirmed a “buy” rating and set a $58.00 price objective on shares of Dick’s Sporting Goods in a research report on Monday, May 22nd. UBS AG lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 16th. Finally, Citigroup Inc. downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.22.

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Dick’s Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Dividend History for Dick`s Sporting Goods (NYSE:DKS)

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