DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Sells 7,333 Shares

DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

DICK’S Sporting Goods Trading Up 1.0 %

DKS stock traded up $2.21 during mid-day trading on Friday, hitting $229.12. 794,254 shares of the company were exchanged, compared to its average volume of 844,458. DICK’S Sporting Goods, Inc. has a 12-month low of $137.06 and a 12-month high of $239.30. The firm has a market capitalization of $18.67 billion, a P/E ratio of 16.38, a PEG ratio of 2.52 and a beta of 1.58. The business has a fifty day simple moving average of $211.39 and a 200-day simple moving average of $213.09. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $2.85 EPS. On average, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is currently 31.45%.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds have recently made changes to their positions in DKS. Commonwealth Equity Services LLC grew its stake in DICK’S Sporting Goods by 69.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 57,072 shares of the sporting goods retailer’s stock worth $12,262,000 after purchasing an additional 23,406 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of DICK’S Sporting Goods by 14.8% during the second quarter. Van ECK Associates Corp now owns 10,823 shares of the sporting goods retailer’s stock worth $2,325,000 after buying an additional 1,396 shares during the period. Farther Finance Advisors LLC raised its holdings in DICK’S Sporting Goods by 16.7% in the second quarter. Farther Finance Advisors LLC now owns 1,213 shares of the sporting goods retailer’s stock valued at $246,000 after acquiring an additional 174 shares in the last quarter. Natixis Advisors LLC lifted its stake in DICK’S Sporting Goods by 3.5% in the second quarter. Natixis Advisors LLC now owns 77,093 shares of the sporting goods retailer’s stock worth $16,563,000 after acquiring an additional 2,618 shares during the last quarter. Finally, Versor Investments LP grew its holdings in DICK’S Sporting Goods by 117.4% during the 2nd quarter. Versor Investments LP now owns 2,600 shares of the sporting goods retailer’s stock worth $559,000 after acquiring an additional 1,404 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Loop Capital boosted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Wedbush reiterated a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Bank of America increased their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.