Lauren Hobart Sells 20,083 Shares of DICK’S Sporting Goods (NYSE:DKS) Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) CEO Lauren Hobart sold 20,083 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $220.69, for a total transaction of $4,432,117.27. Following the sale, the chief executive officer owned 299,990 shares in the company, valued at approximately $66,204,793.10. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

DICK’S Sporting Goods Stock Up 0.7%

DICK’S Sporting Goods stock opened at $231.98 on Friday. The company has a market cap of $18.58 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 3.30 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a fifty day simple moving average of $221.19 and a 200 day simple moving average of $201.75. The company has a current ratio of 1.70, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Research analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $1.2125 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 33.87%.

Wall Street Analyst Weigh In

DKS has been the subject of a number of analyst reports. Truist Financial raised their target price on shares of DICK’S Sporting Goods from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Friday, August 29th. BNP Paribas Exane initiated coverage on shares of DICK’S Sporting Goods in a research report on Friday, September 26th. They issued an “underperform” rating and a $177.00 target price for the company. Oppenheimer reissued an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Saturday, September 27th. Finally, Bank of America decreased their price objective on shares of DICK’S Sporting Goods from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, June 24th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $232.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of DICK’S Sporting Goods by 416.9% during the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after buying an additional 2,282,300 shares during the period. Atreides Management LP bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $172,715,000. Norges Bank bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $136,483,000. Westfield Capital Management Co. LP boosted its holdings in shares of DICK’S Sporting Goods by 1,899.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock worth $127,097,000 after buying an additional 599,025 shares during the period. Finally, Browning West LP bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth about $115,719,000. Institutional investors own 89.83% of the company’s stock.

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.