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

DICK’S Sporting Goods, Inc. (NYSE:DKS) announced a quarterly dividend on Wednesday, March 11th. Investors of record on Friday, March 27th will be given a dividend of 1.25 per share by the sporting goods retailer on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, March 27th. This is a 3.1% increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.21.

DICK’S Sporting Goods has increased its dividend payment by an average of 0.3%per year 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 32.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect DICK’S Sporting Goods to earn $14.79 per share next year, which means the company should continue to be able to cover its $4.85 annual dividend with an expected future payout ratio of 32.8%.

DICK’S Sporting Goods Price Performance

DKS traded up $1.64 during trading on Thursday, reaching $197.17. 3,419,128 shares of the company were exchanged, compared to its average volume of 1,214,663. The company’s 50-day moving average is $206.14 and its two-hundred day moving average is $214.58. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 2.53 and a beta of 1.23. DICK’S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.02. The business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $6.06 billion. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. DICK’S Sporting Goods’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Research analysts forecast that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in DICK’S Sporting Goods during the fourth quarter worth $30,000. Clearstead Advisors LLC raised its holdings in shares of DICK’S Sporting Goods by 46.9% in the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 46 shares during the period. Root Financial Partners LLC purchased a new position in DICK’S Sporting Goods during the 3rd quarter valued at $33,000. Laurel Wealth Advisors LLC purchased a new stake in DICK’S Sporting Goods in the fourth quarter worth $34,000. Finally, Westside Investment Management Inc. boosted its stake in shares of DICK’S Sporting Goods by 100.0% during the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after purchasing an additional 76 shares during the period. Institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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.