Dicks Sporting Goods Inc (DKS) To Go Ex-Dividend on December 13th

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Dicks Sporting Goods Inc (NYSE:DKS) announced a quarterly dividend on Thursday, November 29th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.225 per share by the sporting goods retailer on Friday, December 28th. This represents a $0.90 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, December 13th.

Dicks Sporting Goods has raised its dividend by an average of 10.8% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Dicks Sporting Goods has a dividend payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dicks Sporting Goods to earn $3.37 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 26.7%.

Shares of Dicks Sporting Goods stock opened at $36.34 on Friday. The stock has a market cap of $3.61 billion, a PE ratio of 10.50, a PEG ratio of 1.78 and a beta of 0.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.61 and a quick ratio of 0.19. Dicks Sporting Goods has a 52-week low of $28.73 and a 52-week high of $39.75.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.13. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.88 billion. Dicks Sporting Goods had a return on equity of 18.10% and a net margin of 3.87%. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. Equities analysts expect that Dicks Sporting Goods will post 3.23 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and set a $34.00 price target on shares of Dicks Sporting Goods in a report on Monday, November 26th. Raymond James reissued a “hold” rating on shares of Dicks Sporting Goods in a research note on Sunday, December 2nd. ValuEngine raised Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. Robert W. Baird raised their price objective on Dicks Sporting Goods from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Finally, Bank of America set a $40.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a research note on Sunday, December 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. Dicks Sporting Goods presently has a consensus rating of “Hold” and an average target price of $39.50.

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Dicks Sporting Goods Company Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

See Also: Catch-Up Contributions

Dividend History for Dicks Sporting Goods (NYSE:DKS)

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