DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Free Report)’s stock price was up 3.1% during trading on Monday . The stock traded as high as $145.32 and last traded at $144.99. Approximately 78,244 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 1,321,159 shares. The stock had previously closed at $140.68.
Analyst Ratings Changes
Several equities analysts have recently commented on DKS shares. Telsey Advisory Group restated an “outperform” rating and issued a $160.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday. Loop Capital dropped their target price on shares of DICK’S Sporting Goods from $150.00 to $135.00 in a research report on Wednesday, May 24th. StockNews.com began coverage on shares of DICK’S Sporting Goods in a report on Thursday, May 18th. They set a “hold” rating on the stock. Citigroup lifted their price target on shares of DICK’S Sporting Goods from $135.00 to $153.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company decreased their price target on shares of DICK’S Sporting Goods from $146.00 to $140.00 in a report on Wednesday, May 24th. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.
View Our Latest Stock Report on DKS
DICK’S Sporting Goods Stock Performance
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last posted its quarterly earnings data on Tuesday, May 23rd. The sporting goods retailer reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.18. DICK’S Sporting Goods had a net margin of 8.69% and a return on equity of 45.52%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the firm posted $2.85 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.46 EPS for the current year.
DICK’S Sporting Goods Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, June 15th. DICK’S Sporting Goods’s dividend payout ratio is currently 34.19%.
Insider Activity
In related news, CFO Navdeep Gupta sold 16,321 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $136.28, for a total transaction of $2,224,225.88. Following the transaction, the chief financial officer now owns 97,012 shares in the company, valued at approximately $13,220,795.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Navdeep Gupta sold 16,321 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $136.28, for a total transaction of $2,224,225.88. Following the transaction, the chief financial officer now owns 97,012 shares in the company, valued at approximately $13,220,795.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Edward Hayes III sold 1,733 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $136.66, for a total transaction of $236,831.78. Following the transaction, the senior vice president now owns 18,416 shares in the company, valued at approximately $2,516,730.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,139 shares of company stock valued at $3,583,419. 30.79% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. raised its holdings in DICK’S Sporting Goods by 196.7% during the first quarter. Brown Brothers Harriman & Co. now owns 178 shares of the sporting goods retailer’s stock worth $25,000 after buying an additional 118 shares during the last quarter. Quarry LP acquired a new position in DICK’S Sporting Goods during the second quarter worth $26,000. Ridgewood Investments LLC acquired a new position in DICK’S Sporting Goods during the first quarter worth $28,000. Fortis Capital Advisors LLC acquired a new position in DICK’S Sporting Goods during the first quarter worth $28,000. Finally, Heritage Wealth Management LLC raised its holdings in DICK’S Sporting Goods by 100.0% during the fourth quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer’s stock worth $26,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 69.98% of the company’s stock.
About DICK’S Sporting Goods
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
Read More
- Five stocks we like better than DICK’S Sporting Goods
- Compound Interest and Why It Matters When Investing
- On Holding Slips Into A More Comfortable Price PointÂ
- What is a SEC Filing?
- 3 Growing Cannabis Stocks Ready To Bloom
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Will Meta’s Pullback Offer Buy Point After AI-Driven Surge?
Receive News & Ratings for DICK'S Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DICK'S Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.
