DICK’S Sporting Items, Inc. (NYSE:DKS) Pronounces Quarterly Dividend of $zero.49

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DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) announced 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 annual 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 payment by an average of 99.1% per year for the past three years and by an average of 99.1% annually for the past 8 consecutive 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.

DICK’S Sporting Goods shares opened Thursday at $78.14. The company has a quick ratio of 1.04, a current ratio of 1.88 and a debt to equity ratio of 0.92. The company has a market cap of $6.24 billion, a P/E of 5.63, a P/E of 1.26, and a beta of 1.60. DICK’S Sporting Goods has a 52-week low of $63.45 and a 52-week high of $147.39. The company has a 50-day moving average price of $98.49 and a 200-day moving average price of $108.36.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last announced its quarterly earnings data on Wednesday, May 25th. The sporting goods retailer reported earnings per share of $2.85 for the quarter, beating the consensus estimate of $2.42 by $0.43. The company had revenue of $2.70 billion in the quarter, compared to analyst estimates of $2.63 billion. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. Quarterly sales of DICK’S Sporting Goods declined 7.5% year over year. For the same period last year, the company generated earnings per share of $3.79. As a group, equity analysts expect Dick’s Sporting Goods to post year-to-date earnings per share of 12.6.

Also on Monday, April 11, EVP Lee J. Belitsky sold 30,578 shares of the company’s stock in a transaction. The shares sold at an average price of $107.57 for a total value of $3,289,275.46. Following the transaction, the Executive Vice President now directly owns 223,628 shares of the Company, valued at $24,055,663.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Also on Tuesday, March 29, EVP Donald J. Germano sold 23,961 shares of the company’s shares in a transaction. The stock sold at an average price of $110.33 for a total transaction of $2,643,617.13. The disclosure for this sale can be found here. Insiders have sold 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.

Big investors recently changed their stock holdings. Golden State Equity Partners increased its stake in DICK’S Sporting Goods by 51.2% during the first quarter. Golden State Equity Partners now owns 6,403 shares of the sporting goods retailer, valued at $640,000, having acquired an additional 2,167 shares during the period. Virtu Financial LLC increased its stake in DICK’S Sporting Goods by 173.5% during the first quarter. Virtu Financial LLC now owns 11,407 shares of the sporting goods retailer, valued at $1,141,000, having purchased an additional 7,236 shares during the period. Advisors Asset Management Inc. increased its stake in DICK’S Sporting Goods by 61.8% during the first quarter. Advisors Asset Management Inc. now owns 9,209 shares of the sporting goods retailer, valued at $921,000, after purchasing an additional 3,519 shares during the period. Lido Advisors LLC increased its stake in DICK’S Sporting Goods by 6.2% during the first quarter. Lido Advisors LLC now owns 5,201 shares of the sporting goods retailer, valued at $520,000, having purchased an additional 302 shares during the period. Finally, during the first quarter, Kiwi Wealth Investments Limited Partnership acquired a new interest in DICK’S Sporting Goods for approximately $2,755,000. Hedge funds and other institutional investors own 78.92% of the company’s shares.

A number of equity analysts have commented on the company. Bank of America lowered its price target on DICK’S Sporting Goods to $130.00 from $160.00 and gave the company a “buy” rating in a research note Tuesday. Cowen raised his target price on DICK’S Sporting Goods to $165.00 from $161.00 and gave the stock an outperform rating in a research report on Wednesday, March 9th. DA Davidson lowered its price target for DICK’S Sporting Goods from $165.00 to $147.00 in a research report on Wednesday, March 9th. Stifel Nicolaus lowered his price target for DICK’S Sporting Goods from $113.00 to $75.00 in a research report on Thursday. Finally, on Thursday, March 31st, StockNews.com began reporting DICK’S Sporting Goods in a research report. You give the company a “hold” rating. One equities research analyst has rated the stock with a sell rating, ten have given it a hold rating and nine have given it a buy rating. According to MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of Hold and a consensus price target of $124.00.

About DICK’S sporting goods (received 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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