Elizabeth H. Baran Sells 1,830 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) SVP Elizabeth H. Baran sold 1,830 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the transaction, the senior vice president owned 12,465 shares of the company's stock, valued at $2,550,962.25. The trade was a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

DICK'S Sporting Goods Stock Down 0.2%

DKS stock traded down $0.36 during mid-day trading on Thursday, reaching $206.08. The company had a trading volume of 680,794 shares, compared to its average volume of 1,289,533. The company has a market capitalization of $16.50 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 2.94 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The stock has a 50 day simple moving average of $185.18 and a two-hundred day simple moving average of $205.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share 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 business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. As a group, equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

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

DICK'S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.35%. DICK'S Sporting Goods's dividend payout ratio is presently 34.69%.

Hedge Funds Weigh In On DICK'S Sporting Goods

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oder Investment Management LLC raised its stake in DICK'S Sporting Goods by 1.0% in the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer's stock valued at $1,060,000 after buying an additional 51 shares during the period. Independent Advisor Alliance increased its holdings in shares of DICK'S Sporting Goods by 5.4% during the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock worth $235,000 after acquiring an additional 53 shares during the last quarter. US Bancorp DE increased its holdings in shares of DICK'S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after acquiring an additional 53 shares during the last quarter. EP Wealth Advisors LLC raised its stake in DICK'S Sporting Goods by 5.9% in the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock valued at $232,000 after acquiring an additional 57 shares during the period. Finally, Pine Haven Investment Counsel Inc lifted its holdings in DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock valued at $258,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

DKS has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on DICK'S Sporting Goods from $171.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $220.00 price target on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Stifel Nicolaus cut their price objective on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Robert W. Baird cut their price target on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, May 16th. Finally, Wedbush reissued a "neutral" rating and set a $215.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $219.56.

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.