Dick’s Sporting Goods Inc (DKS) To Go Ex-Dividend on September 7th
Dick’s Sporting Goods Inc (NYSE:DKS) announced a quarterly dividend on Tuesday, August 15th, Zacks reports. Investors of record on Friday, September 8th will be given a dividend of 0.17 per share by the sporting goods retailer on Friday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, September 7th.
Dick’s Sporting Goods has raised its dividend by an average of 6.6% annually over the last three years and has raised its dividend every year for the last 2 years. Dick’s Sporting Goods has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dick’s Sporting Goods to earn $2.88 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 23.6%.
Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 26.72 on Friday. Dick’s Sporting Goods has a 1-year low of $25.94 and a 1-year high of $62.88. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 9.59 and a beta of 0.54. The company’s 50 day moving average price is $32.74 and its 200-day moving average price is $42.44.
Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by $0.04. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Equities analysts expect that Dick’s Sporting Goods will post $2.90 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. B. Riley restated a “buy” rating and issued a $58.00 target price on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Dick’s Sporting Goods in a report on Saturday, May 13th. UBS AG cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Tuesday, May 16th. Citigroup Inc. restated a “buy” rating and issued a $55.00 target price (down from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Finally, Barclays PLC restated an “equal weight” rating and issued a $46.00 target price (down from $50.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and five have given a buy rating to the company’s stock. Dick’s Sporting Goods presently has a consensus rating of “Hold” and an average price target of $41.64.
In other Dick’s Sporting Goods news, Director William J. Colombo acquired 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the transaction, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 23.09% of the stock is currently owned by insiders.
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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