DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Free Report) announced a quarterly dividend on Monday, August 24th. Stockholders of record on Friday, September 11th will be given a dividend of 1.25 per share by the sporting goods retailer on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 11th.
DICK’S Sporting Goods has raised its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 11 consecutive years. DICK’S Sporting Goods has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect DICK’S Sporting Goods to earn $16.38 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 30.5%.
DICK’S Sporting Goods Stock Down 30.7%
Shares of NYSE:DKS opened at $124.31 on Wednesday. The firm has a market capitalization of $11.13 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. DICK’S Sporting Goods has a 52-week low of $124.00 and a 52-week high of $244.38. The firm has a fifty day moving average of $211.11 and a 200 day moving average of $210.64.
Analyst Upgrades and Downgrades
Several research firms recently commented on DKS. JPMorgan Chase & Co. reduced their target price on shares of DICK’S Sporting Goods from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday. DA Davidson reaffirmed a “buy” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, August 17th. Barclays restated an “overweight” rating on shares of DICK’S Sporting Goods in a report on Wednesday. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, August 3rd. Finally, UBS Group upgraded DICK’S Sporting Goods from a “buy” rating to a “positive” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average target price of $243.65.
Read Our Latest Stock Analysis on DKS
DICK’S Sporting Goods Company Profile
DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.
The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.
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