DICK'S Sporting Goods, Inc. (NYSE:DKS) Plans Quarterly Dividend of $1.25

Key Points

• DICK’S Sporting Goods declared a quarterly dividend of $1.25 per share, payable September 25 to shareholders of record on September 11. The dividend equates to $5.00 annually and a 4.0% yield, with an 11-year streak of annual increases.
• The company’s dividend appears well covered, with a 33.0% payout ratio and analysts expecting a 30.5% future payout ratio based on projected earnings.
• Shares fell 30.7% to $124.31 after quarterly EPS of $3.53 missed estimates of $3.76 and revenue of $5.59 billion came in below expectations of $5.64 billion.

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) announced a quarterly dividend on Tuesday, August 25th. Stockholders of record on Friday, September 11th will be paid 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 increased its dividend 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 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 traded down $55.02 during midday trading on Tuesday, reaching $124.31. The company's stock had a trading volume of 38,654,696 shares, compared to its average volume of 1,481,393. The company has a quick ratio of 0.38, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $213.14 and a 200-day moving average of $211.25. The firm has a market capitalization of $11.13 billion, a P/E ratio of 11.82, a PEG ratio of 1.60 and a beta of 1.21. DICK'S Sporting Goods has a 12-month low of $124.00 and a 12-month high of $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The sporting goods retailer reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.76 by ($0.23). The business had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.64 billion. DICK'S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company's revenue was up 53.2% on a year-over-year basis. During the same period last year, the business earned $4.38 earnings per share. DICK'S Sporting Goods has set its FY 2026 guidance at 11.000-12.000 EPS. On average, research analysts anticipate that DICK'S Sporting Goods will post 14.24 earnings per share for the current year.

Hedge Funds Weigh In On DICK'S Sporting Goods

Several institutional investors have recently bought and sold shares of the stock. Harbor Investment Advisory LLC bought a new stake in shares of DICK'S Sporting Goods in the first quarter worth about $30,000. Laurel Wealth Advisors LLC bought a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $34,000. Elyxium Wealth LLC bought a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $35,000. SHP Wealth Management purchased a new position in DICK'S Sporting Goods during the 4th quarter valued at approximately $38,000. Finally, Torren Management LLC purchased a new position in DICK'S Sporting Goods during the 4th quarter valued at approximately $41,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

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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