Dick’s Sporting Goods Inc (DKS) to Issue Quarterly Dividend of $0.17 on December 29th
Dick’s Sporting Goods Inc (NYSE:DKS) declared a quarterly dividend on Tuesday, November 14th, RTT News reports. Shareholders of record on Friday, December 8th will be paid a dividend of 0.17 per share by the sporting goods retailer on Friday, December 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, December 7th.
Dick’s Sporting Goods has raised its dividend by an average of 6.6% per year over the last three years and has raised its dividend every year for the last 2 years. Dick’s Sporting Goods has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dick’s Sporting Goods to earn $2.48 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 27.4%.
Dick’s Sporting Goods (NYSE DKS) opened at $28.90 on Friday. The stock has a market capitalization of $3,221.89, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.61 and a beta of 0.56. Dick’s Sporting Goods has a twelve month low of $23.88 and a twelve month high of $62.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61.
Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. equities research analysts anticipate that Dick’s Sporting Goods will post 2.97 EPS for the current year.
A number of research firms recently issued reports on DKS. Goldman Sachs Group cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and cut their price target for the company from $49.00 to $30.00 in a report on Wednesday, August 16th. Forward View reaffirmed a “sell” rating and issued a $25.00 price target on shares of Dick’s Sporting Goods in a report on Wednesday, August 16th. Royal Bank Of Canada cut Dick’s Sporting Goods from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $46.00 to $29.00 in a report on Wednesday, August 16th. Wedbush cut Dick’s Sporting Goods from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Tuesday, August 15th. Finally, Buckingham Research cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.12.
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.
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