Dick’s Sporting Goods Inc (DKS) To Go Ex-Dividend on December 7th
Dick’s Sporting Goods Inc (NYSE:DKS) announced a quarterly dividend on Tuesday, November 14th, RTT News reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.17 per share by the sporting goods retailer on Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, December 7th.
Dick’s Sporting Goods has raised its dividend payment by an average of 6.6% annually over the last three years and has increased its dividend every year for the last 2 years. Dick’s Sporting Goods has a payout ratio of 22.9% indicating that 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%.
Shares of Dick’s Sporting Goods (NYSE DKS) opened at $30.05 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. Dick’s Sporting Goods has a 12-month low of $23.88 and a 12-month high of $62.80. The stock has a market capitalization of $3,237.13, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.65 and a beta of 0.57.
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, topping the Zacks’ consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the business posted $0.48 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. analysts expect that Dick’s Sporting Goods will post 2.97 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. Oppenheimer restated a “hold” rating on shares of Dick’s Sporting Goods in a research report on Tuesday, November 14th. Cowen downgraded Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $31.00 to $28.00 in a research report on Thursday, August 24th. Susquehanna Bancshares lowered their price target on Dick’s Sporting Goods from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Forward View upgraded Dick’s Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, November 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Dick’s Sporting Goods in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.92.
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About Dick’s Sporting Goods
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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