DICK'S Sporting Goods, Inc. (NYSE:DKS) EVP Julie Lodge-Jarrett Sells 1,026 Shares

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) EVP Julie Lodge-Jarrett sold 1,026 shares of DICK'S Sporting Goods stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $203.50, for a total value of $208,791.00. Following the completion of the sale, the executive vice president directly owned 18,139 shares in the company, valued at $3,691,286.50. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Julie Lodge-Jarrett also recently made the following trade(s):

• On Thursday, June 26th, Julie Lodge-Jarrett sold 3,541 shares of DICK'S Sporting Goods stock. The shares were sold at an average price of $187.00, for a total value of $662,167.00.

DICK'S Sporting Goods Trading Down 2.4%

NYSE DKS traded down $4.81 during trading on Monday, hitting $198.01. The 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 one year low of $166.37 and a one year high of $254.60. The stock has a 50 day simple moving average of $184.24 and a 200 day simple moving average of $205.74. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 2.89 and a beta of 1.07. 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 issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. Sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $1.2125 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.45%. DICK'S Sporting Goods's payout ratio is 34.69%.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Stifel Nicolaus decreased 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. Bank of America decreased their price target on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Truist Financial set a $230.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Robert W. Baird dropped their price objective on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, May 16th. Finally, Barclays upped their target price on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $219.56.

Institutional Trading of DICK'S Sporting Goods

Large investors have recently made changes to their positions in the stock. Strs Ohio purchased a new position in DICK'S Sporting Goods in the 1st quarter worth about $1,028,000. Geneos Wealth Management Inc. grew its stake in DICK'S Sporting Goods by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 643 shares of the sporting goods retailer's stock worth $130,000 after acquiring an additional 265 shares in the last quarter. Intech Investment Management LLC increased its position in shares of DICK'S Sporting Goods by 0.9% during the first quarter. Intech Investment Management LLC now owns 52,003 shares of the sporting goods retailer's stock worth $10,482,000 after acquiring an additional 465 shares during the period. Integrity Alliance LLC. purchased a new position in shares of DICK'S Sporting Goods during the first quarter worth approximately $470,000. Finally, SCS Capital Management LLC bought 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.