DICK’S Sporting Goods (NYSE:DKS) Chairman Edward Stack Sells 210,478 Shares

DICK’S Sporting Goods, Inc. (NYSE:DKS) Chairman Edward Stack sold 210,478 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the completion of the sale, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock traded down $1.08 during mid-day trading on Thursday, hitting $191.06. 163,462 shares of the company traded hands, compared to its average volume of 1,191,975. The stock has a fifty day moving average price of $200.47 and a 200-day moving average price of $211.63. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.81 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $237.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.47 and a current ratio of 1.53.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a net margin of 4.93% and a return on equity of 27.12%. The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter last year, the company posted $3.62 EPS. The business’s quarterly revenue was up 59.9% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. DICK’S Sporting Goods’s payout ratio is 48.92%.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $30,000. Clearstead Advisors LLC lifted its holdings in shares of DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 46 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth approximately $33,000. Laurel Wealth Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $34,000. Finally, Westside Investment Management Inc. grew its stake in shares of DICK’S Sporting Goods by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of DICK’S Sporting Goods from $242.00 to $264.00 and gave the stock an “overweight” rating in a report on Friday, March 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $245.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, March 9th. UBS Group restated a “buy” rating on shares of DICK’S Sporting Goods in a research report on Tuesday, March 3rd. Robert W. Baird set a $253.00 price objective on DICK’S Sporting Goods in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus target price of $236.21.

About DICK’S Sporting Goods

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.