Insider Selling: DICK’S Sporting Goods, Inc. (NYSE:DKS) EVP Sells $1,139,950.00 in Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) EVP Julie Lodge-Jarrett sold 5,000 shares of the 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 sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

DICK’S Sporting Goods Price Performance

Shares of DKS opened at $250.09 on Friday. The company has a market cap of $20.37 billion, a P/E ratio of 17.88, a PEG ratio of 2.69 and a beta of 1.58. The stock has a fifty day moving average price of $221.74 and a 200 day moving average price of $214.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods, Inc. has a 12 month low of $148.95 and a 12 month high of $254.60.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

Analyst Ratings Changes

DKS has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday. Telsey Advisory Group restated an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Loop Capital raised their target price on 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. UBS Group upgraded 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. Finally, Truist Financial raised their price objective 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. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $246.57.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV grew its position in 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 buying an additional 3,322 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of 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 acquiring an additional 168 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of DICK’S Sporting Goods by 71.8% in the second quarter. Sei Investments Co. now owns 45,917 shares of the sporting goods retailer’s stock valued at $9,864,000 after acquiring an additional 19,191 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of DICK’S Sporting Goods by 21.1% in the second quarter. Thrivent Financial for Lutherans now owns 17,657 shares of the sporting goods retailer’s stock valued at $3,794,000 after acquiring an additional 3,079 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at approximately $214,000. 89.83% of the stock is owned by institutional investors.

About DICK’S Sporting Goods

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.