DICK’S Sporting Goods, Inc. (DKS) to Issue Quarterly Dividend of $1.10 on December 27th

DICK’S Sporting Goods, Inc. (NYSE:DKS) declared a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 1.10 per share by the sporting goods retailer on Friday, December 27th. This represents a $4.40 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, December 13th.

DICK’S Sporting Goods has increased its dividend payment by an average of 47.4% per year over the last three years. DICK’S Sporting Goods has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DICK’S Sporting Goods to earn $14.78 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 29.8%.

DICK’S Sporting Goods Price Performance

DKS stock traded up $1.48 during trading on Wednesday, reaching $213.70. 1,939,441 shares of the company were exchanged, compared to its average volume of 1,091,873. The company has a 50-day moving average of $205.76 and a two-hundred day moving average of $210.64. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.45 and a beta of 1.64. DICK’S Sporting Goods has a twelve month low of $120.39 and a twelve month high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the company posted $2.85 EPS. The company’s revenue was up .5% on a year-over-year basis. As a group, equities analysts predict that DICK’S Sporting Goods will post 13.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DKS has been the subject of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Wedbush reiterated a “neutral” rating and set a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday. Finally, Citigroup decreased their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.