DICK’S Sporting Goods, Inc. (NYSE: DKS) shares trade higher after the company released better-than-expected financial results for the second quarter and released a full-year forecast for 2021 above analysts’ estimates.
The company also announced a special dividend of $ 5.50 and plans to increase the buybacks to at least $ 400 million.
“We said 2021 was going to be the most changeable year in our history, and it certainly has been so far. We continue to deliver a very high level and invest in our future, to make the athlete experience in our core business and with new concepts, “said Ed Stack, Executive Chairman.
DICK’S Sporting Goods sells sportswear, shoes and sports equipment.
DICK’S Sporting Goods stock was trading approximately 13% higher at $ 129.40 per share on Wednesday morning at the time of publication. The stock hit a new 52-week high of $ 129.50 and a 52-week low of $ 50.47.
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