DICK’S Sporting Goods, Inc. (NYSE:DKS) Plans Quarterly Dividend of $1.21

by · The Cerbat Gem

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Free Report) declared a quarterly dividend on Monday, November 24th. Shareholders of record on Friday, December 12th will be paid a dividend of 1.2125 per share by the sporting goods retailer on Friday, December 26th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, December 12th.

DICK’S Sporting Goods has raised its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 11 consecutive years. DICK’S Sporting Goods has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DICK’S Sporting Goods to earn $14.79 per share next year, which means the company should continue to be able to cover its $4.85 annual dividend with an expected future payout ratio of 32.8%.

DICK’S Sporting Goods Price Performance

Shares of DKS stock traded down $0.45 on Wednesday, reaching $206.28. The company’s stock had a trading volume of 263,022 shares, compared to its average volume of 1,502,997. The company has a market capitalization of $16.52 billion, a P/E ratio of 14.41, a PEG ratio of 3.23 and a beta of 1.05. DICK’S Sporting Goods has a 12-month low of $166.37 and a 12-month high of $254.60. The stock’s 50 day simple moving average is $222.27 and its 200-day simple moving average is $209.77. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44.

DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.45 billion. During the same period in the prior year, the business earned $2.75 earnings per share. DICK’S Sporting Goods’s revenue for the quarter was up 36.3% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. As a group, equities analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, CEO Lauren R. Hobart sold 20,083 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the sale, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. The trade was a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 32.55% of the company’s stock.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in DICK’S Sporting Goods by 588.1% in the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock worth $787,980,000 after purchasing an additional 3,030,642 shares during the period. Wellington Management Group LLP grew its position in shares of DICK’S Sporting Goods by 83.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock valued at $1,468,176,000 after acquiring an additional 3,013,850 shares during the period. Vanguard Group Inc. raised its holdings in DICK’S Sporting Goods by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after purchasing an additional 1,015,599 shares during the period. Atreides Management LP purchased a new position in DICK’S Sporting Goods during the second quarter valued at $172,715,000. Finally, Hamlin Capital Management LLC bought a new stake in DICK’S Sporting Goods during the third quarter valued at about $157,537,000. 89.83% of the stock is owned by institutional investors.

About DICK’S Sporting Goods

(Get Free Report)

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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