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

DICK’S Sporting Goods, Inc. (NYSE:DKS) announced a quarterly dividend on Monday, August 24th. Investors of record on Friday, September 11th will be given a dividend of 1.25 per share by the sporting goods retailer on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 11th.

DICK’S Sporting Goods has increased its dividend 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 Stock Performance

Shares of DKS opened at $124.31 on Wednesday. The business’s fifty day moving average price is $211.11 and its 200 day moving average price is $210.64. DICK’S Sporting Goods has a 12-month low of $124.00 and a 12-month high of $244.38. The stock has a market capitalization of $11.13 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.38.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, August 25th. The sporting goods retailer reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.75 by ($0.22). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period in the prior year, the firm earned $4.38 EPS. The business’s revenue for the quarter was up 53.2% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. Equities research analysts forecast that DICK’S Sporting Goods will post 14.24 EPS for the current year.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System grew its position in shares of DICK’S Sporting Goods by 20,961.0% during the second quarter. California State Teachers Retirement System now owns 15,878,288 shares of the sporting goods retailer’s stock worth $3,601,355,000 after acquiring an additional 15,802,896 shares during the last quarter. BlackRock Inc. bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $1,501,321,000. Bank of America Corp DE acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $1,024,000,000. Viking Global Investors LP bought a new position in DICK’S Sporting Goods in the 4th quarter worth about $509,371,000. Finally, Norges Bank bought a new position in DICK’S Sporting Goods in the 4th quarter worth about $192,639,000. Institutional investors and hedge funds 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.