DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Acquires $249,587.20 in Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Robert W. Eddy acquired 1,280 shares of the stock in a transaction dated Thursday, June 26th. The shares were bought at an average price of $194.99 per share, for a total transaction of $249,587.20. Following the transaction, the director now owns 6,048 shares in the company, valued at approximately $1,179,299.52. This represents a 26.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

DICK’S Sporting Goods Price Performance

Shares of DICK’S Sporting Goods stock opened at $202.98 on Friday. The firm has a market cap of $16.25 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 2.79 and a beta of 1.07. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $254.60. The company has a quick ratio of 0.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $183.82 and its two-hundred day simple moving average is $206.11.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.37. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. DICK’S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Friday, June 13th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 34.69%.

DICK’S Sporting Goods announced that its Board of Directors has initiated a share repurchase program on Tuesday, March 11th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the sporting goods retailer to buy up to 18.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DKS. TD Cowen cut shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating and set a $216.00 price objective on the stock. in a research report on Thursday, May 15th. Robert W. Baird lowered their price objective on shares of DICK’S Sporting Goods from $230.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday, May 16th. JPMorgan Chase & Co. decreased their target price on shares of DICK’S Sporting Goods from $224.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, May 29th. UBS Group decreased their target price on shares of DICK’S Sporting Goods from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Finally, Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $219.56.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of large investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in DICK’S Sporting Goods in the 1st quarter worth $1,028,000. Geneos Wealth Management Inc. boosted its stake in shares of DICK’S Sporting Goods by 70.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 643 shares of the sporting goods retailer’s stock valued at $130,000 after purchasing an additional 265 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of DICK’S Sporting Goods by 0.9% during the 1st quarter. Intech Investment Management LLC now owns 52,003 shares of the sporting goods retailer’s stock valued at $10,482,000 after purchasing an additional 465 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of DICK’S Sporting Goods during the 1st quarter valued at about $470,000. Finally, SCS Capital Management LLC bought a new stake in shares of DICK’S Sporting Goods during the 1st quarter valued at about $1,962,000. 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.