DICK'S Sporting Goods, Inc. (NYSE:DKS) Director Purchases $249,587.20 in Stock

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) Director Robert W. Eddy bought 1,280 shares of the stock in a transaction on Thursday, June 26th. The shares were bought at an average price of $194.99 per share, for a total transaction of $249,587.20. Following the purchase, the director directly owned 6,048 shares in the company, valued at approximately $1,179,299.52. This trade represents a 26.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

DICK'S Sporting Goods Stock Performance

Shares of DKS stock traded down $4.81 during trading hours on Monday, reaching $198.01. 1,662,833 shares of the company traded hands, compared to its average volume of 1,288,253. The firm has a 50-day moving average price of $184.24 and a 200 day moving average price of $205.74. The company has a market cap of $15.85 billion, a P/E ratio of 14.16, a P/E/G ratio of 2.89 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. DICK'S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting the consensus estimate of $3.37. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. As a group, sell-side 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 announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

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

Analyst Upgrades and Downgrades

DKS has been the subject of several research reports. Guggenheim reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Wednesday, March 12th. Wall Street Zen raised shares of DICK'S Sporting Goods from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Loop Capital decreased their target price 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. Barclays increased their price target on DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Finally, UBS Group cut their price objective 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. One 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, the stock currently has an average rating of "Hold" and a consensus price target of $219.56.

Institutional Investors Weigh In On DICK'S Sporting Goods

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new position in shares of DICK'S Sporting Goods in the first quarter worth about $1,028,000. Geneos Wealth Management Inc. lifted its holdings in DICK'S Sporting Goods by 70.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 643 shares of the sporting goods retailer's stock worth $130,000 after purchasing an additional 265 shares in the last quarter. Intech Investment Management LLC boosted its stake in DICK'S Sporting Goods by 0.9% in the 1st quarter. Intech Investment Management LLC now owns 52,003 shares of the sporting goods retailer's stock worth $10,482,000 after purchasing an additional 465 shares during the period. Integrity Alliance LLC. bought a new position in DICK'S Sporting Goods in the 1st quarter worth approximately $470,000. Finally, SCS Capital Management LLC purchased a new stake in DICK'S Sporting Goods during the 1st quarter valued at approximately $1,962,000. 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.