Dicks Sporting Goods Inc Declares Quarterly Dividend of $0.13 (DKS)
Dicks Sporting Goods (NYSE:DKS) announced a quarterly dividend on Tuesday, August 19th, AnalystRatings.Net reports. Shareholders of record on Friday, September 5th will be paid a dividend of 0.125 per share on Friday, September 26th. This represents a $0.50 annualized dividend and a dividend yield of 1.15%.
A number of analysts have recently weighed in on DKS shares. Analysts at RBC Capital cut their price target on shares of Dicks Sporting Goods from $49.00 to $46.00 in a research note on Monday, August 11th. They now have a “sector perform” rating on the stock. On a related note, analysts at Morgan Stanley initiated coverage on shares of Dicks Sporting Goods in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $50.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Dicks Sporting Goods in a research note on Monday, June 16th. Thirteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.19.
Shares of Dicks Sporting Goods (NYSE:DKS) opened at 43.51 on Tuesday. Dicks Sporting Goods has a one year low of $41.30 and a one year high of $58.87. The stock’s 50-day moving average is $44.02 and its 200-day moving average is $49.11. The company has a market cap of $5.336 billion and a P/E ratio of 15.67. Dicks Sporting Goods also saw unusually large options trading on Monday. Stock traders purchased 6,443 put options on the stock. This is an increase of 781% compared to the average volume of 731 put options.
Dicks Sporting Goods (NYSE:DKS) last released its earnings data on Tuesday, August 19th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.02. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company posted $0.71 earnings per share. Dicks Sporting Goods’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Dicks Sporting Goods will post $2.78 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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