Dicks Sporting Goods Inc (NYSE:DKS) Director Mark J. Barrenechea sold 20,000 shares of Dicks Sporting Goods stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $58.18, for a total value of $1,163,600.00. Following the completion of the sale, the director now owns 47,899 shares of the company’s stock, valued at $2,786,763.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
DKS traded up $2.37 during midday trading on Thursday, reaching $60.25. 3,529,521 shares of the company were exchanged, compared to its average volume of 2,645,145. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 1.35. The company’s fifty day moving average price is $53.00 and its 200 day moving average price is $38.26. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 2.81 and a beta of 1.72. Dicks Sporting Goods Inc has a one year low of $13.46 and a one year high of $60.41.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, August 26th. The sporting goods retailer reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $1.97. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.46 billion. Dicks Sporting Goods had a return on equity of 19.21% and a net margin of 3.03%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. As a group, sell-side analysts anticipate that Dicks Sporting Goods Inc will post 4.24 earnings per share for the current fiscal year.
A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Dicks Sporting Goods from $34.00 to $62.00 in a research report on Thursday, August 27th. Oppenheimer lowered Dicks Sporting Goods from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $52.00 to $56.00 in a research report on Thursday, August 27th. Barclays lifted their price objective on Dicks Sporting Goods from $51.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Bank of America boosted their target price on Dicks Sporting Goods from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, UBS Group boosted their price target on Dicks Sporting Goods from $47.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $52.04.
Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. grew its holdings in shares of Dicks Sporting Goods by 2,375.0% in the second quarter. Cornerstone Advisors Inc. now owns 693 shares of the sporting goods retailer’s stock valued at $29,000 after acquiring an additional 665 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Dicks Sporting Goods by 335.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 870 shares of the sporting goods retailer’s stock valued at $36,000 after acquiring an additional 670 shares in the last quarter. Credit Agricole S A bought a new position in shares of Dicks Sporting Goods in the first quarter valued at approximately $29,000. Captrust Financial Advisors bought a new position in shares of Dicks Sporting Goods in the second quarter valued at approximately $57,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Dicks Sporting Goods in the second quarter valued at approximately $62,000. 78.10% of the stock is owned by institutional investors.
About Dicks Sporting Goods
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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