Dicks Sporting Goods Inc (NYSE:DKS) announced a quarterly dividend on Thursday, February 15th, RTT News reports. Stockholders of record on Friday, March 9th will be given a dividend of 0.225 per share by the sporting goods retailer on Friday, March 30th. This represents a $0.90 annualized dividend and a dividend yield of 2.65%. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.17.

Dicks Sporting Goods has increased its dividend payment 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 22.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dicks Sporting Goods to earn $2.78 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 24.5%.

Shares of Dicks Sporting Goods (DKS) opened at $34.01 on Thursday. Dicks Sporting Goods has a one year low of $23.88 and a one year high of $52.89. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3,610.00, a P/E ratio of 12.43, a P/E/G ratio of 1.91 and a beta of 0.61.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company earned $0.48 EPS. Dicks Sporting Goods’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts anticipate that Dicks Sporting Goods will post 2.99 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the company. ValuEngine lowered Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BMO Capital Markets set a $40.00 price target on Dicks Sporting Goods and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, January 31st. Bank of America decreased their price target on Dicks Sporting Goods from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Wednesday, November 15th. Finally, Susquehanna Bancshares decreased their price target on Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.88.

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Dicks Sporting Goods Company Profile

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.

Dividend History for Dicks Sporting Goods (NYSE:DKS)

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