DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating)’s share price fell 4.9% during trading on Tuesday following insider selling activity. The company traded as low as $116.37 and last traded at $116.43. 22,462 shares traded hands during trading, a decline of 99% from the average session volume of 2,014,118 shares. The stock had previously closed at $122.37.Specifically, SVP John Edward Hayes III sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $120.57, for a total value of $120,570.00. Following the transaction, the senior vice president now directly owns 26,231 shares in the company, valued at $3,162,671.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other DICK’S Sporting Goods news, SVP John Edward Hayes III sold 1,000 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $120.57, for a total transaction of $120,570.00. Following the transaction, the senior vice president now directly owns 26,231 shares in the company, valued at $3,162,671.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Julie Lodge-Jarrett sold 9,139 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $118.00, for a total transaction of $1,078,402.00. Following the transaction, the senior vice president now owns 41,048 shares in the company, valued at $4,843,664. The disclosure for this sale can be found here. 32.83% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
DKS has been the subject of a number of research analyst reports. Cowen raised their price target on DICK’S Sporting Goods from $150.00 to $155.00 in a research note on Wednesday, November 23rd. Argus raised their price objective on DICK’S Sporting Goods from $130.00 to $140.00 in a research report on Tuesday, December 6th. StockNews.com initiated coverage on DICK’S Sporting Goods in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley raised their price objective on DICK’S Sporting Goods from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, November 23rd. Finally, Bank of America raised their price objective on DICK’S Sporting Goods from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 19th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.55.
DICK’S Sporting Goods Price Performance
The firm has a fifty day moving average of $112.53 and a 200 day moving average of $101.35. The company has a market capitalization of $9.22 billion, a P/E ratio of 10.80, a P/E/G ratio of 2.00 and a beta of 1.43. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69.
DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly earnings data on Tuesday, November 22nd. The sporting goods retailer reported $2.60 EPS for the quarter, topping the consensus estimate of $2.24 by $0.36. DICK’S Sporting Goods had a return on equity of 52.43% and a net margin of 9.52%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.70 billion. On average, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.94 EPS for the current year.
DICK’S Sporting Goods Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a $0.488 dividend. The ex-dividend date is Thursday, December 8th. This represents a $1.95 annualized dividend and a yield of 1.68%. DICK’S Sporting Goods’s payout ratio is 17.21%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the third quarter worth about $237,000. Teachers Retirement System of The State of Kentucky purchased a new position in DICK’S Sporting Goods in the third quarter worth about $1,088,000. M&T Bank Corp purchased a new position in DICK’S Sporting Goods in the third quarter worth about $370,000. Captrust Financial Advisors boosted its position in DICK’S Sporting Goods by 13.2% in the third quarter. Captrust Financial Advisors now owns 5,421 shares of the sporting goods retailer’s stock worth $567,000 after purchasing an additional 631 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its position in DICK’S Sporting Goods by 6,908.1% in the third quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer’s stock worth $130,224,000 after purchasing an additional 1,226,735 shares during the last quarter. 78.85% of the stock is owned by hedge funds and other institutional investors.
About DICK’S Sporting Goods
DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.