Insider Selling: DICK’S Sporting Goods, Inc. (NYSE:DKS) SVP Sells 800 Shares of Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) SVP John Edward Hayes III sold 800 shares of the company’s stock in a transaction on Wednesday, January 12th. The shares were sold at an average price of $114.28, for a total value of $91,424.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE DKS opened at $111.61 on Friday. DICK’S Sporting Goods, Inc. has a 1-year low of $64.20 and a 1-year high of $147.39. The business has a 50-day moving average of $116.89 and a 200-day moving average of $117.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.58. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.62 and a beta of 1.71.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 23rd. The sporting goods retailer reported $3.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.97 by $1.22. DICK’S Sporting Goods had a return on equity of 54.06% and a net margin of 11.55%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the business earned $2.01 earnings per share. The company’s revenue was up 13.9% compared to the same quarter last year. Research analysts expect that DICK’S Sporting Goods, Inc. will post 15.6 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 29th. Stockholders of record on Friday, December 10th were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, December 9th. DICK’S Sporting Goods’s payout ratio is 13.53%.

DKS has been the topic of several recent research reports. Stifel Nicolaus upped their price objective on DICK’S Sporting Goods from $126.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday, November 23rd. Citigroup upped their price objective on DICK’S Sporting Goods from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 24th. Truist upped their price objective on DICK’S Sporting Goods from $161.00 to $168.00 and gave the company a “buy” rating in a research report on Monday, January 10th. Zacks Investment Research upgraded DICK’S Sporting Goods from a “hold” rating to a “strong-buy” rating and set a $136.00 price objective on the stock in a research report on Wednesday, October 6th. Finally, Truist Securities upped their target price on DICK’S Sporting Goods from $161.00 to $168.00 and gave the company a “buy” rating in a research note on Monday, January 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $131.39.

Hedge funds and other institutional investors have recently modified their holdings of the company. Fulton Bank N.A. boosted its holdings in DICK’S Sporting Goods by 7.3% in the third quarter. Fulton Bank N.A. now owns 13,675 shares of the sporting goods retailer’s stock valued at $1,638,000 after purchasing an additional 927 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in DICK’S Sporting Goods by 30.0% in the third quarter. Cookson Peirce & Co. Inc. now owns 290,522 shares of the sporting goods retailer’s stock valued at $34,796,000 after purchasing an additional 67,066 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in DICK’S Sporting Goods in the second quarter valued at about $10,383,000. Symmetry Partners LLC boosted its holdings in DICK’S Sporting Goods by 11.6% in the third quarter. Symmetry Partners LLC now owns 11,677 shares of the sporting goods retailer’s stock valued at $1,379,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in DICK’S Sporting Goods in the second quarter valued at about $264,000. 86.67% of the stock is owned by institutional investors.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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Insider Buying and Selling by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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