DICK’S Sporting Goods, Inc. (NYSE:DKS) to Issue Quarterly Dividend of $1.10

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 dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, December 13th.

DICK’S Sporting Goods has raised its dividend by an average of 47.4% annually over the last three years. DICK’S Sporting Goods has a payout ratio of 29.8% meaning 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 Stock Up 0.7 %

Shares of DKS traded up $1.48 during trading hours on Wednesday, reaching $213.70. 1,939,441 shares of the stock traded hands, compared to its average volume of 1,091,873. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $205.76 and a 200 day simple moving average of $210.64. DICK’S Sporting Goods has a 52 week low of $120.39 and a 52 week high of $239.30. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period last year, the firm earned $2.85 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. On average, equities analysts forecast that DICK’S Sporting Goods will post 13.88 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on DKS. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $260.00 in a report on Wednesday. Loop Capital raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday. DA Davidson restated a “buy” rating and set a $265.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Finally, Evercore ISI restated an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.