DICK’S Sporting Goods (NYSE:DKS) Chairman Sells $41,609,395.82 in Stock

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 stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the completion of the transaction, the chairman directly owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

DICK’S Sporting Goods Stock Down 0.0%

Shares of DKS stock opened at $191.67 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $237.31. The stock has a market cap of $17.07 billion, a P/E ratio of 18.75, a P/E/G ratio of 2.72 and a beta of 1.21. The company has a 50 day simple moving average of $199.86 and a two-hundred day simple moving average of $211.17.

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

DICK’S Sporting Goods Increases Dividend

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

Analysts Set New Price Targets

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

Institutional Trading of DICK’S Sporting Goods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in DICK’S Sporting Goods by 588.1% during the 3rd quarter. Bank of America Corp DE now owns 3,545,944 shares of the sporting goods retailer’s stock valued at $787,980,000 after buying an additional 3,030,642 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of DICK’S Sporting Goods by 83.9% in the third quarter. Wellington Management Group LLP now owns 6,606,860 shares of the sporting goods retailer’s stock worth $1,468,176,000 after buying an additional 3,013,850 shares in the last quarter. Viking Global Investors LP purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter worth $509,371,000. Vanguard Group Inc. boosted its position in shares of DICK’S Sporting Goods by 17.8% during the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after acquiring an additional 1,015,599 shares during the last quarter. Finally, Norges Bank bought a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $192,639,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.