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 stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

DICK’S Sporting Goods Stock Performance

DKS traded up $5.13 during trading on Wednesday, hitting $232.72. The company’s stock had a trading volume of 820,652 shares, compared to its average volume of 957,950. The business’s 50 day simple moving average is $212.86 and its 200-day simple moving average is $212.89. The firm has a market cap of $18.96 billion, a PE ratio of 16.63, a P/E/G ratio of 2.52 and a beta of 1.58. DICK’S Sporting Goods, Inc. has a one year low of $137.44 and a one year high of $239.30. 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 released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK’S Sporting Goods’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 earnings per share. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.89%. DICK’S Sporting Goods’s payout ratio is 31.45%.

Analysts Set New Price Targets

DKS has been the subject of several analyst reports. TD Cowen upped their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial lifted their price target on 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 raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Finally, Wedbush reissued a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and an average price target of $246.10.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods during the third quarter worth about $27,000. ICA Group Wealth Management LLC purchased a new stake in DICK’S Sporting Goods during the 2nd quarter valued at approximately $28,000. ORG Wealth Partners LLC purchased a new position in shares of DICK’S Sporting Goods in the third quarter worth $30,000. True Wealth Design LLC boosted its position 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 worth $31,000 after acquiring an additional 145 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in DICK’S Sporting Goods during the second quarter valued at $34,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.