By otakuyassine3@gmail.com 
DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Free Report) EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
DICK’S Sporting Goods Stock Performance
Shares of NYSE:DKS traded up $2.26 during midday trading on Wednesday, reaching $236.75. The company had a trading volume of 862,327 shares, compared to its average volume of 1,045,064. DICK’S Sporting Goods, Inc. has a 52-week low of $148.92 and a 52-week high of $239.30. The company’s 50 day moving average price is $218.96 and its 200 day moving average price is $214.06. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a market cap of $19.29 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.60 and a beta of 1.58.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 earnings per share. As a group, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.
DICK’S Sporting Goods Dividend Announcement
The company 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 dividend yield of 1.86%. DICK’S Sporting Goods’s payout ratio is presently 31.45%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in DKS. Stonegate Investment Group LLC boosted its holdings in DICK’S Sporting Goods by 2.9% in the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock worth $473,000 after buying an additional 58 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in shares of DICK’S Sporting Goods by 78.2% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer’s stock valued at $2,631,000 after purchasing an additional 5,046 shares in the last quarter. Nilsine Partners LLC grew its position in shares of DICK’S Sporting Goods by 9.1% in the fourth quarter. Nilsine Partners LLC now owns 20,746 shares of the sporting goods retailer’s stock valued at $4,748,000 after purchasing an additional 1,732 shares in the last quarter. Lebenthal Global Advisors LLC raised its stake in shares of DICK’S Sporting Goods by 11.5% during the 4th quarter. Lebenthal Global Advisors LLC now owns 4,898 shares of the sporting goods retailer’s stock valued at $1,121,000 after purchasing an additional 507 shares during the period. Finally, KBC Group NV lifted its holdings in DICK’S Sporting Goods by 86.8% during the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer’s stock worth $107,043,000 after purchasing an additional 217,390 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. TD Cowen increased their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley raised 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 note on Tuesday. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Loop Capital upped their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Finally, Wedbush reiterated a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $246.57.
Check Out Our Latest Research Report on DKS
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.
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