DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) declared a quarterly dividend on Tuesday, May 24, Zacks reports. Shareholders of record on Friday, June 10 will receive a dividend of $0.488 per share from the sporting goods retailer on Friday, June 24. That equates to an annualized dividend of $1.95 and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday 9th June.
DICK’S Sporting Goods has increased its dividend by an average of 99.1% per year for the last three years and has increased its dividend every year for the last 8 years. DICK’S Sporting Goods has a payout ratio of 14.9%, which means the dividend is sufficiently covered by earnings. Analysts expect DICK’s Sporting Goods to earn $13.19 per share over the next year, meaning the company should still be able to deliver its annual dividend of $1.95 with an expected future payout ratio of 14.8% to cover.
NYSE DKS opened at $78.14 on Thursday. The company has a market cap of $6.24 billion, a P/E of 5.63, a price-to-earnings-to-growth ratio of 1.26 and a beta of 1.60. The stock’s 50-day simple moving average is $98.49 and its 200-day simple moving average is $108.36. DICK’S Sporting Goods has a 1 year low of $63.45 and a 1 year high of $147.39. The company has a gearing ratio of 0.92, a current ratio of 1.88 and a quick ratio of 1.04.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, beating the consensus estimate of $2.42 by $0.43. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. The company made $2.70 billion in revenue for the quarter, compared to analysts’ expectations of $2.63 billion. In the same quarter last year, the company generated earnings per share of $3.79. The company’s revenue fell 7.5% year over year in the quarter. On average, stock analysts expect that DICK’S Sporting Goods will achieve 12.6 EPS for the current fiscal year.
Several equity analysts have recently commented on DKS stocks. Cowen raised his target price on DICK’S Sporting Goods to $165.00 from $161.00 and rated the company as “outperform” in a report on Wednesday, March 9th. Citigroup lowered its target price on DICK’S Sporting Goods from $170.00 to $132.00 in a research note on Thursday. Robert W. Baird lowered his target price on DICK’S Sporting Goods from $115.00 to $85.00 in a research note on Wednesday. DA Davidson lowered its price target on DICK’S Sporting Goods from $165.00 to $147.00 in a research note on Wednesday, March 9th. Finally, Truist Financial raised its target price on DICK’S Sporting Goods to $180.00 from $168.00 and issued a research note on Wednesday, March 9th, with a “buy” rating of the company. One research analyst has assigned a sell rating to the stock, ten have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $124.00.
In other news from DICK’S Sporting Goods, EVP Donald J. Germano sold 23,961 shares of DICK’S Sporting Goods in a transaction Tuesday, March 29th. The stock sold at an average price of $110.33 for a total transaction of $2,643,617.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In addition, EVP Lee J. Belitsky sold 30,578 shares of DICK’S Sporting Goods in a transaction on Monday, April 11th. The stock sold at an average price of $107.57 for a total value of $3,289,275.46. Following the sale, the Executive Vice President now directly owns 223,628 shares of the Company, valued at $24,055,663.96. The disclosure for this sale can be found here. Insiders have sold a total of 190,886 shares of the company’s stock valued at $20,211,002 over the past ninety days. 32.83% of the shares are owned by company insiders.
Hedge funds have recently changed their stock holdings. Point72 Hong Kong Ltd increased its position in DICK’S Sporting Goods by 188.8% in the first quarter. Point72 Hong Kong Ltd now owns 797 shares of the sporting goods retailer, valued at $80,000, having acquired a further 521 shares during this period. Covestor Ltd increased its position in DICK’S Sporting Goods by 118.7% in the first quarter. Covestor Ltd now owns 912 shares of the sporting goods retailer, valued at $91,000, after purchasing a further 495 shares during the period. The Canada Pension Plan Investment Board increased its position in DICK’S Sporting Goods by 104.7% during the fourth quarter. The Canada Pension Plan Investment Board now owns 1,523 shares of the sporting goods retailer, valued at $175,000, after purchasing an additional 779 shares during the period. Forum Financial Management LP acquired a new position in DICK’S Sporting Goods valued at approximately $221,000 during the fourth quarter. Finally, Edgestream Partners LP acquired a new position in DICK’S Sporting Goods valued at approximately $261,000 during the first quarter. Hedge funds and other institutional investors own 78.92% of the company’s shares.
About DICK’S sporting goods (get rating)
DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing equipment products; Clothing; and shoes and accessories.
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