Dick’s Sporting Goods Inc (NYSE:DKS) declared a quarterly dividend on Tuesday, November 14th, RTT News reports. Stockholders of record on Friday, December 8th will be paid a dividend of 0.17 per share by the sporting goods retailer on Friday, December 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.58%.

Dick’s Sporting Goods has increased its dividend by an average of 6.6% annually over the last three years and has increased its dividend every year for the last 2 years. Dick’s Sporting Goods has a payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Dick’s Sporting Goods to earn $2.85 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 23.9%.

Dick’s Sporting Goods (NYSE DKS) opened at $26.32 on Tuesday. The stock has a market capitalization of $2,936.45, a PE ratio of 8.14, a PEG ratio of 1.18 and a beta of 0.48. The company has a quick ratio of 0.24, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. Dick’s Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. sell-side analysts expect that Dick’s Sporting Goods will post 2.88 earnings per share for the current year.

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DKS has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.00 price target on shares of Dick’s Sporting Goods in a report on Thursday, August 10th. Buckingham Research initiated coverage on Dick’s Sporting Goods in a report on Monday, July 17th. They issued a “buy” rating and a $45.00 price target for the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price target on shares of Dick’s Sporting Goods in a report on Friday, July 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $37.00 price target on shares of Dick’s Sporting Goods in a report on Thursday, November 2nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $30.00 price target (down previously from $46.00) on shares of Dick’s Sporting Goods in a report on Wednesday, August 16th. Four analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $36.12.

In other Dick’s Sporting Goods news, Director William J. Colombo acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the transaction, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 23.09% of the company’s stock.

Dick’s 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 Dick`s Sporting Goods (NYSE:DKS)

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