DICK'S Sporting Goods, Inc. (NYSE:DKS) Director Purchases $251,465.67 in Stock

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) Director Robert W. Eddy bought 1,357 shares of DICK'S Sporting Goods stock in a transaction dated Wednesday, June 25th. The shares were acquired at an average price of $185.31 per share, with a total value of $251,465.67. Following the completion of the purchase, the director now directly owns 4,768 shares in the company, valued at $883,558.08. This trade represents a 39.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

DICK'S Sporting Goods Trading Up 3.6%

NYSE:DKS traded up $7.10 during mid-day trading on Friday, hitting $202.98. 3,979,568 shares of the company's stock were exchanged, compared to its average volume of 1,285,649. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $16.25 billion, a P/E ratio of 14.52, a PEG ratio of 2.65 and a beta of 1.07. The company has a 50 day simple moving average of $183.47 and a 200-day simple moving average of $206.18.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. As a group, research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods announced that its Board of Directors has approved a stock buyback plan on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to purchase up to 18.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

DICK'S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, June 13th. DICK'S Sporting Goods's payout ratio is presently 34.69%.

Analyst Ratings Changes

Several analysts recently weighed in on DKS shares. TD Cowen cut DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target for the company. in a report on Thursday, May 15th. Loop Capital dropped their price objective on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a research note on Friday, May 16th. Wedbush restated a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Stifel Nicolaus dropped their price target on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Guggenheim reiterated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $219.56.

Institutional Trading of DICK'S Sporting Goods

Several institutional investors have recently added to or reduced their stakes in DKS. XTX Topco Ltd bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at $485,000. Fifth Third Bancorp boosted its position in DICK'S Sporting Goods by 27.5% during the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock valued at $195,000 after acquiring an additional 209 shares during the last quarter. NBC Securities Inc. bought a new stake in DICK'S Sporting Goods during the first quarter valued at $54,000. Janus Henderson Group PLC grew its holdings in DICK'S Sporting Goods by 15.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock worth $2,664,000 after acquiring an additional 1,594 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of DICK'S Sporting Goods by 15.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock worth $491,000 after acquiring an additional 281 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

DICK'S Sporting Goods Company Profile

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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