DICK'S Sporting Goods Sees Unusually Large Options Volume (NYSE:DKS)

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) saw some unusual options trading on Tuesday. Stock traders bought 7,807 put options on the stock. This is an increase of approximately 66% compared to the typical volume of 4,711 put options.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of 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. Stifel Nicolaus dropped their price target on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Citigroup reaffirmed a "neutral" rating and set a $220.00 price objective (down from $230.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, March 12th. Loop Capital reduced their target price on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a research report on Friday, May 16th. Finally, Gordon Haskett cut shares of DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price objective for the company. in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Hold" and an average price target of $227.89.

DICK'S Sporting Goods Stock Up 1.3%

DKS traded up $2.31 during midday trading on Thursday, reaching $179.43. 167,534 shares of the company were exchanged, compared to its average volume of 1,262,713. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. DICK'S Sporting Goods has a one year low of $166.37 and a one year high of $254.60. The company's fifty day moving average price is $188.97 and its 200 day moving average price is $210.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

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 EPS for the quarter, meeting analysts' consensus estimates of $3.37. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. As a group, analysts expect that DICK'S Sporting Goods will post 13.89 EPS for the current year.

DICK'S Sporting Goods announced that its board has approved a stock buyback plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

DICK'S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, March 28th. This represents a $4.85 annualized dividend and a yield of 2.70%. This is a positive change from DICK'S Sporting Goods's previous quarterly dividend of $1.10. DICK'S Sporting Goods's dividend payout ratio is presently 34.54%.

Institutional Trading of DICK'S Sporting Goods

Several hedge funds and other institutional investors have recently modified their holdings of DKS. Park Square Financial Group LLC bought a new position in DICK'S Sporting Goods in the 4th quarter worth about $27,000. New Wave Wealth Advisors LLC bought a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at approximately $28,000. Ancora Advisors LLC purchased a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC increased its holdings in DICK'S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock worth $32,000 after acquiring an additional 118 shares during the period. Institutional investors own 89.83% of the company's stock.

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.