DICK'S Sporting Goods, Inc. (NYSE:DKS) CEO Lauren R. Hobart Sells 40,166 Shares

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) CEO Lauren R. Hobart sold 40,166 shares of DICK'S Sporting Goods stock in a transaction on Friday, June 27th. The shares were sold at an average price of $204.58, for a total value of $8,217,160.28. Following the sale, the chief executive officer directly owned 299,990 shares in the company, valued at $61,371,954.20. The trade was a 11.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

DICK'S Sporting Goods Stock Performance

NYSE DKS traded up $0.48 during trading on Wednesday, hitting $206.42. The company's stock had a trading volume of 1,738,700 shares, compared to its average volume of 1,291,966. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average price of $184.74 and a 200 day moving average price of $205.74. The firm has a market cap of $16.52 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 2.94 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. Equities research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share 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. Stockholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a dividend yield of 2.35%. DICK'S Sporting Goods's payout ratio is 34.69%.

DICK'S Sporting Goods declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the sporting goods retailer to purchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen downgraded shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price target on the stock. in a research report on Thursday, May 15th. Citigroup reaffirmed a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. Loop Capital reduced their price objective on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a research note on Friday, May 16th. Truist Financial set a $230.00 target price on DICK'S Sporting Goods in a report on Wednesday, May 28th. Finally, Wedbush restated a "neutral" rating and issued a $215.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $219.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at $485,000. Fifth Third Bancorp increased its stake in DICK'S Sporting Goods by 27.5% in the first quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock valued at $195,000 after acquiring an additional 209 shares during the period. NBC Securities Inc. acquired a new position in DICK'S Sporting Goods in the first quarter worth about $54,000. Janus Henderson Group PLC lifted its stake in DICK'S Sporting Goods by 15.9% during the fourth quarter. Janus Henderson Group PLC now owns 11,640 shares of the sporting goods retailer's stock worth $2,664,000 after purchasing an additional 1,594 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in DICK'S Sporting Goods by 15.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,144 shares of the sporting goods retailer's stock valued at $491,000 after purchasing an additional 281 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

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.