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.
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.
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.
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