Navdeep Gupta Sells 9,303 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) EVP Navdeep Gupta sold 9,303 shares of DICK'S Sporting Goods stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $215.00, for a total transaction of $2,000,145.00. Following the sale, the executive vice president owned 87,778 shares in the company, valued at $18,872,270. This represents a 9.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded down $4.74 during midday trading on Friday, hitting $209.89. 1,261,281 shares of the stock traded hands, compared to its average volume of 1,295,160. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The firm has a market capitalization of $16.80 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 3.00 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. The business's 50 day moving average price is $187.86 and its two-hundred day moving average price is $204.98.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced 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 company 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 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's payout ratio is currently 34.69%.

Institutional Investors Weigh In On DICK'S Sporting Goods

Institutional investors have recently bought and sold shares of the stock. Park Square Financial Group LLC acquired a new stake in DICK'S Sporting Goods in the fourth quarter worth about $27,000. Ancora Advisors LLC bought a new stake in DICK'S Sporting Goods in the fourth quarter worth about $28,000. Bessemer Group Inc. raised its position in DICK'S Sporting Goods by 108.6% in the fourth quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after acquiring an additional 76 shares in the last quarter. Private Trust Co. NA raised its position in DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after acquiring an additional 66 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in DICK'S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Loop Capital dropped their price objective on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating on the stock in a research note on Friday, May 16th. Bank of America dropped their price target on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. UBS Group dropped their price target on shares of DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Truist Financial set a $230.00 price target on shares of DICK'S Sporting Goods in a research note on Wednesday, May 28th. Finally, Citigroup restated a "neutral" rating on shares of DICK'S Sporting Goods in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.