Dicks Sporting Goods Inc (NYSE:DKS) SVP John Edward Hayes III sold 2,000 shares of Dicks Sporting Goods stock in a transaction on Monday, June 29th. The shares were sold at an average price of $41.22, for a total value of $82,440.00. Following the transaction, the senior vice president now owns 36,091 shares in the company, valued at approximately $1,487,671.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE:DKS opened at $40.61 on Friday. Dicks Sporting Goods Inc has a fifty-two week low of $13.46 and a fifty-two week high of $49.80. The business has a 50-day moving average of $36.28 and a two-hundred day moving average of $36.49. The stock has a market capitalization of $3.53 billion, a P/E ratio of 21.49, a P/E/G ratio of 13.71 and a beta of 1.61. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.04 and a quick ratio of 0.92.
Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, June 2nd. The sporting goods retailer reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.71). Dicks Sporting Goods had a return on equity of 9.84% and a net margin of 1.18%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm earned $0.62 EPS. Dicks Sporting Goods’s quarterly revenue was down 30.6% on a year-over-year basis. As a group, research analysts expect that Dicks Sporting Goods Inc will post 0.73 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HS Management Partners LLC lifted its position in shares of Dicks Sporting Goods by 41.4% during the 1st quarter. HS Management Partners LLC now owns 4,279,419 shares of the sporting goods retailer’s stock worth $90,980,000 after purchasing an additional 1,252,560 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Dicks Sporting Goods during the 4th quarter worth about $99,398,000. Norges Bank acquired a new position in shares of Dicks Sporting Goods during the 4th quarter worth about $73,988,000. FMR LLC lifted its position in shares of Dicks Sporting Goods by 32.4% during the 1st quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock worth $52,679,000 after purchasing an additional 350,515 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Dicks Sporting Goods by 63.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,370,203 shares of the sporting goods retailer’s stock worth $29,129,000 after purchasing an additional 533,820 shares during the last quarter. 69.59% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on DKS. Oppenheimer reiterated a “buy” rating and set a $52.00 price target on shares of Dicks Sporting Goods in a report on Monday, June 15th. Susquehanna Bancshares reiterated a “buy” rating and set a $51.00 price target (up previously from $48.00) on shares of Dicks Sporting Goods in a report on Tuesday, June 16th. Credit Suisse Group lowered their price target on Dicks Sporting Goods from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. ValuEngine upgraded Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research note on Wednesday, June 3rd. Finally, Cfra lowered their target price on Dicks Sporting Goods from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.21.
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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