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 purchased 1,357 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of $185.31 per share, for a total transaction of $251,465.67. Following the completion of the purchase, the director directly owned 4,768 shares in the company, valued at approximately $883,558.08. This trade represents a 39.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

DICK'S Sporting Goods Stock Down 2.4%

Shares of DICK'S Sporting Goods stock traded down $4.81 during trading on Monday, hitting $198.01. The company's stock had a trading volume of 1,662,833 shares, compared to its average volume of 1,288,253. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a market capitalization of $15.85 billion, a PE ratio of 14.16, a P/E/G ratio of 2.89 and a beta of 1.07. The company has a fifty day simple moving average of $184.24 and a two-hundred day simple moving average of $205.74. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. Equities research analysts predict 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 has approved a stock buyback program 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 repurchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DKS. Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. TD Cowen cut DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price on the stock. in a research note on Thursday, May 15th. Guggenheim restated a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Bank of America dropped their price objective on DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Finally, Robert W. Baird cut their price objective on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $219.56.

Institutional Investors Weigh In On DICK'S Sporting Goods

A number of institutional investors have recently modified their holdings of DKS. Strs Ohio purchased a new position in shares of DICK'S Sporting Goods in the 1st quarter worth about $1,028,000. Geneos Wealth Management Inc. raised its holdings in DICK'S Sporting Goods by 70.1% in the first quarter. Geneos Wealth Management Inc. now owns 643 shares of the sporting goods retailer's stock worth $130,000 after buying an additional 265 shares during the last quarter. Intech Investment Management LLC raised its holdings in DICK'S Sporting Goods by 0.9% in the first quarter. Intech Investment Management LLC now owns 52,003 shares of the sporting goods retailer's stock worth $10,482,000 after buying an additional 465 shares during the last quarter. Integrity Alliance LLC. bought a new position in shares of DICK'S Sporting Goods in the first quarter worth approximately $470,000. Finally, SCS Capital Management LLC purchased a new stake in shares of DICK'S Sporting Goods during the first quarter valued at approximately $1,962,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

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.