DICK’S Sporting Goods, Inc. to Issue Quarterly Dividend of $0.49 (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) declared a quarterly dividend on Monday, August 22, Zacks reports. Shareholders of record on Friday September 9 will receive a dividend of $0.488 per share from the sporting goods retailer on Friday September 30th. That equates to an annualized dividend of $1.95 and a dividend yield of 1.76%. The ex-dividend date is Thursday September 8th.

DICK’S Sporting Goods has increased its dividend by an average of 99.1% per year for the last three years and by an average of 99.1% annually for the last 8 straight years. DICK’S Sporting Goods has a dividend payout ratio of 17.0%, indicating that the dividend is sufficiently backed by earnings. Research analysts expect DICK’S Sporting Goods to earn $11.35 per share over the next year, meaning the company should still be able to pay its $1.95 annual dividend with an expected future payout ratio of 17.2%.

DICK’S sporting goods price history

Shares of DKS opened at $111.14 on Wednesday. The company has a debt to equity ratio of 0.89, a current ratio of 1.88 and a quick ratio of 0.87. DICK’S Sporting Goods has a 1 year low of $63.45 and a 1 year high of $147.39. The company has a 50-day moving average of $90.60 and a 200-day moving average of $95.88. The company has a market cap of $8.95 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-to-growth ratio of 2.04 and a beta of 1.63.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Tuesday, August 23rd. The sporting goods retailer reported $3.68 EPS for the quarter, beating the consensus estimate of $3.51 by $0.17. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.07 billion. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The company’s revenue for the quarter decreased 5.0% compared to the same quarter last year. In the same period last year, the company posted $5.08 per share. As a group, equity analysts expect Dick’s Sporting Goods to report year-to-date earnings per share of $10.83.

Changes in analyst ratings

Several brokers have issued reports on DKS. Stephens lowered its target price on DICK’S Sporting Goods to $102.00 in a research note on Monday, May 30. OTR Global downgraded DICK’s Sporting Goods from a “mixed” rating to a “positive” rating in a report Wednesday, August 17. The Telsey Advisory Group raised its target price on DICK’S Sporting Goods to $125.00 from $110.00 and gave the company a rating of “above average” in a research report on Friday, August 19. UBS Group raised its target price on shares of DICK’S Sporting Goods from $102.00 to $112.00 in a research note on Wednesday. Finally, Cowen raised his target price on DICK’S Sporting Goods shares to $128.00 from $126.00 and gave the stock an outperform rating in a research note on Wednesday, August 17. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $124.33.

insider activity

In other news, SVP John Edward Hayes III sold 1,200 shares of the company’s stock in a transaction that took place on Thursday, May 26th. The stock sold at an average price of $84.57 for a total value of $101,484.00. Upon closing of the transaction, the senior vice president now owns 34,231 shares of the company, valued at approximately $2,894,915.67. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,200 shares of the company’s stock in a transaction on Thursday, May 26th. The shares sold at an average price of $84.57 for a total value of $101,484.00. Following the sale, the senior vice president now owns 34,231 shares of the company’s stock valued at $2,894,915.67. The sale was disclosed in a filing with the SEC, which is available through the SEC’s website. In addition, Director William J. Colombo purchased 5,000 shares of the company’s shares in a transaction Tuesday, May 31. The stock was purchased at an average price of $80.99 per share for a total transaction of $404,950.00. Upon completion of the transaction, the Director now owns 162,003 shares of the Company, valued at $13,120,622.97. The disclosure for this purchase can be found here. Insiders own 32.83% of the company’s shares.

Institutional inflows and outflows

Several hedge funds and other institutional investors have recently changed their positions in DKS. Deutsche Bank AG increased its stake in DICK’S Sporting Goods by 50.7% in the second quarter. Deutsche Bank AG now owns 12,542 shares of the sporting goods retailer, valued at $946,000, after purchasing an additional 4,218 shares during the period. Advisors Asset Management Inc. increased its holding in shares of 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. Bridgewater Associates LP increased its ownership interest in DICK’S Sporting Goods by 218.2% during the first quarter. Bridgewater Associates LP now owns 8,343 shares of the sporting goods retailer, valued at $834,000, having purchased an additional 5,721 shares during the period. EHP Funds Inc. bought a new position in DICK’S Sporting Goods valued at approximately $720,000 during the first quarter. Finally, Pearl River Capital LLC acquired a new interest in stock of DICK’S Sporting Goods valued at approximately $678,000 during Q1. Institutional investors own 78.92% of the company’s shares.

DICK’S Sporting Goods Company Profile

(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 gear products; Clothing; and shoes and accessories.

Continue reading

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected].

Hear this before you consider DICK’S Sporting Goods.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market follows through… and DICK’S Sporting Goods wasn’t on the list.

While DICK’S Sporting Goods is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here