Insider Selling: Dicks Sporting Goods Inc (NYSE:DKS) CEO Sells 59,299 Shares of Stock

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Dicks Sporting Goods Inc (NYSE:DKS) CEO Edward W. Stack sold 59,299 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $57.55, for a total value of $3,412,657.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Edward W. Stack also recently made the following trade(s):

  • On Wednesday, August 26th, Edward W. Stack sold 250,000 shares of Dicks Sporting Goods stock. The shares were sold at an average price of $51.97, for a total value of $12,992,500.00.

Shares of DKS opened at $57.44 on Wednesday. The company has a market capitalization of $5.12 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.76 and a beta of 1.72. Dicks Sporting Goods Inc has a one year low of $13.46 and a one year high of $58.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 1.35. The stock has a 50-day moving average price of $49.63 and a 200 day moving average price of $36.64.

Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, August 26th. The sporting goods retailer reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $1.97. Dicks Sporting Goods had a return on equity of 19.21% and a net margin of 3.03%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the business posted $1.26 EPS. Dicks Sporting Goods’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, equities research analysts forecast that Dicks Sporting Goods Inc will post 4.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, September 10th. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.31. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 33.88%.

Several institutional investors have recently made changes to their positions in the company. ICM Asset Management Inc. WA raised its position in shares of Dicks Sporting Goods by 1.4% during the 1st quarter. ICM Asset Management Inc. WA now owns 43,300 shares of the sporting goods retailer’s stock worth $921,000 after purchasing an additional 600 shares during the period. Smith Graham & Co. Investment Advisors LP raised its holdings 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 acquiring an additional 613 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings 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 acquiring an additional 665 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings 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 acquiring an additional 670 shares in the last quarter. Finally, Macquarie Group Ltd. raised its holdings 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 acquiring an additional 705 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

A number of equities research analysts recently commented on the company. DA Davidson upped their target price on Dicks Sporting Goods from $57.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Barclays upped their price objective on Dicks Sporting Goods from $51.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. UBS Group upped their price objective on Dicks Sporting Goods from $47.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Bank of America upped their price objective on Dicks Sporting Goods from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Finally, Telsey Advisory Group upped their price objective on Dicks Sporting Goods from $56.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company’s stock. Dicks Sporting Goods currently has a consensus rating of “Hold” and a consensus price target of $52.04.

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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