Insider Selling: DICK'S Sporting Goods (NYSE:DKS) CEO Sells 20,083 Shares of Stock

Key Points

• CEO Lauren Hobart of DICK'S Sporting Goods sold 20,083 shares at an average price of $220.69, totaling approximately $4.43 million, resulting in a 6.27% decrease in her holdings.
• The company's stock recently traded up 4.8%, reaching $232.87, with a market capitalization of $18.65 billion.
• DICK'S Sporting Goods announced a quarterly dividend of $1.2125 per share, amounting to an annualized yield of 2.1% and a payout ratio of 33.87%.

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) CEO Lauren Hobart sold 20,083 shares of the company's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. This trade represents a 6.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

DICK'S Sporting Goods Trading Up 4.8%

DICK'S Sporting Goods stock traded up $10.65 during trading hours on Wednesday, reaching $232.87. 1,694,092 shares of the company's stock traded hands, compared to its average volume of 1,571,400. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $254.60. The firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 3.15 and a beta of 1.02. The firm's 50 day moving average is $220.20 and its 200-day moving average is $201.04.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.30 by $0.08. DICK'S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the company posted $4.37 EPS. The company's revenue was up 5.0% compared to the same quarter last year. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, 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, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. DICK'S Sporting Goods's dividend payout ratio is presently 33.87%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BNP Paribas Exane assumed coverage on shares of DICK'S Sporting Goods in a research report on Friday, September 26th. They set an "underperform" rating and a $177.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of DICK'S Sporting Goods from $195.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Truist Financial increased their price target on shares of DICK'S Sporting Goods from $230.00 to $248.00 and gave the company a "buy" rating in a research report on Friday, August 29th. DA Davidson set a $250.00 price target on shares of DICK'S Sporting Goods in a research report on Friday, August 29th. Finally, Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research report on Friday, July 25th. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $232.05.

Institutional Trading of DICK'S Sporting Goods

Hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA raised its holdings in DICK'S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after buying an additional 66 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in DICK'S Sporting Goods during the 2nd quarter worth approximately $40,000. Golden State Wealth Management LLC raised its holdings in DICK'S Sporting Goods by 1,435.7% during the 1st quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer's stock worth $43,000 after buying an additional 201 shares during the period. Bessemer Group Inc. raised its holdings in DICK'S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after buying an additional 72 shares during the period. Finally, Ancora Advisors LLC raised its holdings in DICK'S Sporting Goods by 85.4% during the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer's stock worth $46,000 after buying an additional 105 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.

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