Navdeep Gupta Sells 13,334 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock

Key Points

• Navdeep Gupta, EVP of DICK'S Sporting Goods, sold 13,334 shares of the company's stock at an average price of $225.00, totaling approximately $3 million, which reduced his position by 15.19%.
• DICK'S Sporting Goods reported $3.37 earnings per share for the last quarter, meeting consensus estimates, and generated revenue of $3.16 billion, exceeding analyst expectations.
• The company announced a quarterly dividend of $1.2125, with a dividend yield of 2.2% and a dividend payout ratio of 34.69%.

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) EVP Navdeep Gupta sold 13,334 shares of DICK'S Sporting Goods stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the sale, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Navdeep Gupta also recently made the following trade(s):

• On Thursday, July 10th, Navdeep Gupta sold 9,303 shares of DICK'S Sporting Goods stock. The shares were sold at an average price of $215.00, for a total value of $2,000,145.00.

DICK'S Sporting Goods Trading Down 1.2%

NYSE:DKS traded down $2.78 during mid-day trading on Thursday, reaching $223.19. The company's stock had a trading volume of 935,841 shares, compared to its average volume of 1,475,354. 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 stock has a market cap of $17.87 billion, a P/E ratio of 15.96, a P/E/G ratio of 3.17 and a beta of 1.07. The company's fifty day simple moving average is $201.19 and its two-hundred day simple moving average is $202.28. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.37. The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. On average, equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 34.69%.

Analyst Upgrades and Downgrades

DKS has been the topic of several recent analyst reports. Bank of America lowered their target price on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Truist Financial set a $230.00 price objective on DICK'S Sporting Goods in a research note on Wednesday, May 28th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $220.00 price objective on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. Finally, Robert W. Baird dropped their price target on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday, May 16th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, DICK'S Sporting Goods has a consensus rating of "Hold" and a consensus price target of $223.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in shares of DICK'S Sporting Goods in the 4th quarter worth about $485,000. Bessemer Group Inc. grew its holdings in shares of 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 purchasing an additional 72 shares during the period. Fifth Third Bancorp increased its position in DICK'S Sporting Goods by 27.5% during the 1st quarter. Fifth Third Bancorp now owns 968 shares of the sporting goods retailer's stock worth $195,000 after purchasing an additional 209 shares in the last quarter. NBC Securities Inc. purchased a new position in DICK'S Sporting Goods in the first quarter valued at approximately $54,000. Finally, Janus Henderson Group PLC lifted its position 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 valued at $2,664,000 after buying an additional 1,594 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

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.

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