Elizabeth H. Baran Sells 1,830 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) SVP Elizabeth H. Baran sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the transaction, the senior vice president owned 12,465 shares in the company, valued at approximately $2,550,962.25. The trade was a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

DICK’S Sporting Goods Trading Down 0.2%

Shares of NYSE DKS opened at $206.08 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The stock has a market cap of $16.50 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 2.95 and a beta of 1.07. The firm has a 50-day moving average of $185.51 and a 200 day moving average of $205.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47.

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

DICK’S Sporting Goods announced that its board has approved a share repurchase program on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Friday, June 13th. DICK’S Sporting Goods’s payout ratio is 34.69%.

Institutional Investors Weigh In On DICK’S Sporting Goods

Institutional investors have recently modified their holdings of the stock. Oder Investment Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 1.0% during the first quarter. Oder Investment Management LLC now owns 5,258 shares of the sporting goods retailer’s stock valued at $1,060,000 after purchasing an additional 51 shares in the last quarter. Independent Advisor Alliance raised its position in DICK’S Sporting Goods by 5.4% in the 4th quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer’s stock worth $235,000 after buying an additional 53 shares during the last quarter. US Bancorp DE lifted its stake in DICK’S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer’s stock valued at $955,000 after acquiring an additional 53 shares during the period. EP Wealth Advisors LLC lifted its stake in DICK’S Sporting Goods by 5.9% during the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer’s stock valued at $232,000 after acquiring an additional 57 shares during the period. Finally, Pine Haven Investment Counsel Inc boosted its holdings in shares of DICK’S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer’s stock valued at $258,000 after acquiring an additional 60 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on DICK’S Sporting Goods from $171.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Truist Financial set a $230.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, May 28th. DA Davidson reissued a “buy” rating and issued a $230.00 price target on shares of DICK’S Sporting Goods in a report on Friday, June 27th. UBS Group decreased their price objective 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, Barclays increased their target price on shares of DICK’S Sporting Goods from $217.00 to $232.00 and gave the stock an “overweight” rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $219.56.

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.