Robert W. Eddy Buys 1,280 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) Director Robert W. Eddy purchased 1,280 shares of DICK'S Sporting Goods stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average price of $194.99 per share, with a total value of $249,587.20. Following the transaction, the director now owns 6,048 shares in the company, valued at $1,179,299.52. The trade was a 26.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

DICK'S Sporting Goods Price Performance

DKS stock traded up $7.10 during trading on Friday, reaching $202.98. 3,979,568 shares of the company were exchanged, compared to its average volume of 1,285,649. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.47 and a current ratio of 1.62. The stock's 50 day moving average price is $183.47 and its 200 day moving average price is $206.18. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a market cap of $16.25 billion, a P/E ratio of 14.52, a PEG ratio of 2.65 and a beta of 1.07.

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

DICK'S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.2125 per share. The ex-dividend date is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.39%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

DICK'S Sporting Goods announced that its Board of Directors has initiated a share buyback program on Tuesday, March 11th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the sporting goods retailer to reacquire up to 18.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Wedbush reiterated a "neutral" rating and issued a $215.00 target price on shares of DICK'S Sporting Goods in a research note on Wednesday, March 12th. Telsey Advisory Group reissued an "outperform" rating and issued a $220.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. UBS Group decreased their price target on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Finally, Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $219.56.

Institutional Trading of DICK'S Sporting Goods

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth $27,000. Ancora Advisors LLC acquired a new position in DICK'S Sporting Goods in the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in DICK'S Sporting Goods during the fourth quarter worth about $30,000. Bessemer Group Inc. boosted its stake in DICK'S Sporting Goods by 108.6% in the 4th quarter. Bessemer Group Inc. now owns 146 shares of the sporting goods retailer's stock worth $33,000 after buying an additional 76 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in DICK'S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after buying an additional 66 shares during the period. 89.83% of the stock is owned by hedge funds and other 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.

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