Edward W. Stack Sells 160,600 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $232.72 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods, Inc. has a one year low of $137.44 and a one year high of $239.30. The company has a fifty day moving average price of $214.24 and a 200 day moving average price of $213.17. The stock has a market cap of $18.96 billion, a P/E ratio of 16.63, a PEG ratio of 2.52 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter last year, the company earned $2.85 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, December 13th. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

Analyst Ratings Changes

Several analysts recently issued reports on DKS shares. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. TD Cowen boosted their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush reaffirmed a “neutral” rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Finally, Truist Financial boosted their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average target price of $246.10.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods in the 3rd quarter valued at $27,000. ICA Group Wealth Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the 2nd quarter valued at about $28,000. ORG Wealth Partners LLC bought a new stake in DICK’S Sporting Goods in the third quarter valued at about $30,000. True Wealth Design LLC raised its position in DICK’S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Finally, Richardson Financial Services Inc. bought a new position in DICK’S Sporting Goods during the second quarter worth about $34,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.