Dick’s Sporting Goods Inc. Declares Quarterly Dividend of $0.13 (DKS)
Dick’s Sporting Goods (NYSE:DKS) announced a quarterly dividend on Tuesday, February 18th, Analyst Ratings News reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.125 per share on Friday, March 28th. This represents a $0.50 annualized dividend and a dividend yield of 0.97%.
A number of research firms have recently commented on DKS. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Dick’s Sporting Goods in a research note on Monday, February 10th. They now have a $51.10 price target on the stock. On a related note, analysts at Morgan Stanley downgraded shares of Dick’s Sporting Goods from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 23rd. Finally, analysts at Credit Suisse upgraded shares of Dick’s Sporting Goods from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 15th. They now have a $65.00 price target on the stock, up previously from $56.00. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $58.28.
Shares of Dick’s Sporting Goods (NYSE:DKS) opened at 51.65 on Tuesday. Dick’s Sporting Goods has a one year low of $45.00 and a one year high of $58.87. The stock’s 50-day moving average is $53.99 and its 200-day moving average is $53.03. The company has a market cap of $6.497 billion and a price-to-earnings ratio of 19.79.
DICK’S Sporting Goods, Inc is a sports and fitness specialty omni-channel retailer offering a range of brand name sporting goods equipment, apparel and footwear in a specialty store environment.
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