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 value of $2,000,145.00. Following the completion of the sale, the executive vice president directly owned 87,778 shares in the company, valued at $18,872,270. This represents a 9.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

DICK'S Sporting Goods Trading Down 0.5%

NYSE:DKS traded down $1.12 on Monday, reaching $208.87. The stock had a trading volume of 1,306,661 shares, compared to its average volume of 1,295,206. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 3.00 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The firm's fifty day moving average is $187.86 and its two-hundred day moving average is $204.77. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. Equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

Hedge Funds Weigh In On DICK'S Sporting Goods

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of DICK'S Sporting Goods by 8.8% during the 1st quarter. Vanguard Group Inc. now owns 5,850,223 shares of the sporting goods retailer's stock worth $1,179,171,000 after purchasing an additional 471,217 shares during the period. Wellington Management Group LLP grew its holdings in shares of DICK'S Sporting Goods by 416.9% during the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock worth $570,370,000 after purchasing an additional 2,282,300 shares during the period. Geode Capital Management LLC grew its holdings in shares of DICK'S Sporting Goods by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock worth $241,660,000 after purchasing an additional 15,011 shares during the period. Norges Bank purchased a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth about $221,693,000. Finally, Dimensional Fund Advisors LP raised its position in DICK'S Sporting Goods by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 899,154 shares of the sporting goods retailer's stock valued at $181,225,000 after purchasing an additional 17,534 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DKS shares. Barclays increased their price target on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Stifel Nicolaus cut their price target on shares of DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Robert W. Baird decreased their target price 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. UBS Group decreased their target price on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Finally, DA Davidson reiterated a "buy" rating and set a $230.00 target price on shares of DICK'S Sporting Goods in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $219.56.

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.