Insider Selling: DICK’S Sporting Goods, Inc. (NYSE:DKS) EVP Sells 5,000 Shares of Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

DICK’S Sporting Goods Stock Performance

DKS opened at $236.75 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The company has a market capitalization of $19.29 billion, a price-to-earnings ratio of 16.92, a P/E/G ratio of 2.60 and a beta of 1.58. The business’s 50-day moving average price is $219.75 and its two-hundred day moving average price is $214.22. DICK’S Sporting Goods, Inc. has a 1 year low of $148.92 and a 1 year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.85 EPS. Equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 31.45%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV grew its holdings in shares of DICK’S Sporting Goods by 57.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,126 shares of the sporting goods retailer’s stock valued at $1,961,000 after acquiring an additional 3,322 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in DICK’S Sporting Goods by 13.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,464 shares of the sporting goods retailer’s stock valued at $315,000 after purchasing an additional 168 shares in the last quarter. Sei Investments Co. increased its position in shares of DICK’S Sporting Goods by 71.8% during the 2nd quarter. Sei Investments Co. now owns 45,917 shares of the sporting goods retailer’s stock worth $9,864,000 after purchasing an additional 19,191 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of DICK’S Sporting Goods by 21.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 17,657 shares of the sporting goods retailer’s stock worth $3,794,000 after purchasing an additional 3,079 shares in the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at approximately $214,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DKS. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. TD Cowen raised their price objective on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley lifted their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial increased their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $246.57.

DICK’S Sporting Goods Company Profile

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.