DICK’S Sporting Goods, Inc. (NYSE:DKS) Chairman Edward W. Stack Sells 160,600 Shares

DICK’S Sporting Goods, Inc. (NYSE:DKS) Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

DICK’S Sporting Goods Stock Down 1.4 %

Shares of DICK’S Sporting Goods stock opened at $230.32 on Friday. DICK’S Sporting Goods, Inc. has a twelve month low of $137.44 and a twelve month high of $239.30. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 2.52 and a beta of 1.58. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The business’s 50 day simple moving average is $214.24 and its 200-day simple moving average is $213.17.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The company 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 firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $2.85 earnings per share. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.91%. DICK’S Sporting Goods’s payout ratio is currently 31.45%.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently made changes to their positions in the business. ICA Group Wealth Management LLC bought a new position in DICK’S Sporting Goods in the 2nd quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth $27,000. ORG Wealth Partners LLC bought a new position in shares of DICK’S Sporting Goods in the third quarter worth $30,000. True Wealth Design LLC increased its holdings in shares of DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Finally, Richardson Financial Services Inc. acquired a new position in shares of DICK’S Sporting Goods during the second quarter valued at $34,000. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DKS. Truist Financial boosted their price objective 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. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. TD Cowen increased their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush reissued a “neutral” rating and set a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Finally, Loop Capital lifted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $246.10.

About DICK’S Sporting Goods

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.