Dicks Sporting Goods Inc (NYSE:DKS) SVP John Edward Hayes III sold 1,800 shares of the firm's stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $58.01, for a total transaction of $104,418.00. Following the completion of the sale, the senior vice president now owns 34,891 shares of the company's stock, valued at $2,024,026.91. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NYSE:DKS traded down $0.68 during mid-day trading on Tuesday, reaching $57.13. The stock had a trading volume of 1,577,529 shares, compared to its average volume of 2,644,958. The stock has a 50-day simple moving average of $52.55 and a two-hundred day simple moving average of $38.02. The stock has a market capitalization of $5.09 billion, a PE ratio of 19.83, a P/E/G ratio of 2.81 and a beta of 1.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.35 and a quick ratio of 0.53. Dicks Sporting Goods Inc has a 12 month low of $13.46 and a 12 month high of $59.67.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, August 26th. The sporting goods retailer reported $3.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $1.97. The business had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.46 billion. Dicks Sporting Goods had a net margin of 3.03% and a return on equity of 19.21%. The firm's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted $1.26 earnings per share. Equities analysts expect that Dicks Sporting Goods Inc will post 4.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $0.313 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 2.19%. This is a boost from Dicks Sporting Goods's previous quarterly dividend of $0.31. The ex-dividend date was Thursday, September 10th. Dicks Sporting Goods's dividend payout ratio (DPR) is 33.88%.
Several equities research analysts recently issued reports on the stock. Oppenheimer downgraded shares of Dicks Sporting Goods from an "outperform" rating to a "market perform" rating and raised their target price for the company from $52.00 to $56.00 in a research note on Thursday, August 27th. Nomura raised their target price on shares of Dicks Sporting Goods from $33.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, June 3rd. Morgan Stanley upgraded shares of Dicks Sporting Goods from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $40.00 to $65.00 in a research note on Thursday, August 27th. Credit Suisse Group cut their target price on shares of Dicks Sporting Goods from $46.00 to $44.00 and set a "neutral" rating for the company in a research note on Wednesday, June 3rd. Finally, Susquehanna Bancshares reiterated a "buy" rating and issued a $59.00 target price on shares of Dicks Sporting Goods in a research note on Monday, August 10th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of "Hold" and an average target price of $52.04.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Smith Graham & Co. Investment Advisors LP grew its stake in shares of Dicks Sporting Goods by 0.4% during the second quarter. Smith Graham & Co. Investment Advisors LP now owns 155,657 shares of the sporting goods retailer's stock worth $6,422,000 after buying an additional 613 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Dicks Sporting Goods by 2,375.0% during the second quarter. Cornerstone Advisors Inc. now owns 693 shares of the sporting goods retailer's stock worth $29,000 after buying an additional 665 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Dicks Sporting Goods by 335.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 870 shares of the sporting goods retailer's stock worth $36,000 after buying an additional 670 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Dicks Sporting Goods by 1.4% during the second quarter. Macquarie Group Ltd. now owns 50,005 shares of the sporting goods retailer's stock worth $2,063,000 after buying an additional 705 shares during the last quarter. Finally, Alpha Windward LLC grew its stake in shares of Dicks Sporting Goods by 6.4% during the second quarter. Alpha Windward LLC now owns 12,000 shares of the sporting goods retailer's stock worth $495,000 after buying an additional 720 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.
Dicks Sporting Goods Company Profile
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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