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 DICK’S Sporting Goods stock in a transaction that occurred on 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 sale, the chairman now directly owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

DICK’S Sporting Goods Stock Up 2.3 %

NYSE DKS traded up $5.13 during trading on Wednesday, reaching $232.72. 820,652 shares of the company’s stock traded hands, compared to its average volume of 957,950. DICK’S Sporting Goods, Inc. has a 12-month low of $137.44 and a 12-month high of $239.30. 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 firm has a market cap of $18.96 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58. The company’s 50 day simple moving average is $212.86 and its two-hundred day simple moving average is $212.89.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) 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 analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $2.85 earnings per share. As a group, sell-side analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced 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 was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.89%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 31.45%.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds have recently modified their holdings of DKS. Range Financial Group LLC bought a new position in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $1,997,000. Bath Savings Trust Co increased its position in shares of DICK’S Sporting Goods by 95.3% during the fourth quarter. Bath Savings Trust Co now owns 9,202 shares of the sporting goods retailer’s stock worth $2,106,000 after purchasing an additional 4,491 shares in the last quarter. Pensionfund Sabic purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $1,510,000. Everence Capital Management Inc. acquired a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth $350,000. Finally, Retirement Systems of Alabama grew its stake in DICK’S Sporting Goods by 13.3% during the 3rd quarter. Retirement Systems of Alabama now owns 126,800 shares of the sporting goods retailer’s stock worth $26,463,000 after buying an additional 14,934 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.