Dicks Sporting Goods Inc (DKS) Announces Quarterly Dividend of $0.13
Dicks Sporting Goods (NYSE:DKS) declared a quarterly dividend on Wednesday, May 21st, Analyst Ratings Net reports. Investors of record on Friday, June 6th will be given a dividend of 0.125 per share on Friday, June 27th. This represents a $0.50 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, June 4th.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Wednesday. They now have a $51.00 price target on the stock, down previously from $66.00. On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Wednesday. They now have a $51.00 price target on the stock, down previously from $66.00. Finally, analysts at CRT Capital cut their price target on shares of Dicks Sporting Goods from $65.00 to $60.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Dicks Sporting Goods currently has an average rating of “Hold” and a consensus price target of $53.09.
Shares of Dicks Sporting Goods (NYSE:DKS) traded down 1.72% during mid-day trading on Wednesday, hitting $42.85. The stock had a trading volume of 8,510,109 shares. Dicks Sporting Goods has a 52 week low of $43.51 and a 52 week high of $58.87. The stock has a 50-day moving average of $52.45 and a 200-day moving average of $54.17. The company has a market cap of $5.307 billion and a price-to-earnings ratio of 16.21. Dicks Sporting Goods also saw some unusual options trading on Monday. Stock traders bought 13,017 call options on the stock. This is an increase of 787% compared to the typical daily volume of 1,467 call options.
Dicks Sporting Goods (NYSE:DKS) last released its earnings data on Tuesday, May 20th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Dicks Sporting Goods will post $3.07 EPS for the current fiscal year.
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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