DICK’S Sporting Goods (NYSE:DKS) Trading Up 4%

DICK’S Sporting Goods, Inc. (NYSE:DKS) shares were up 4% during trading on Wednesday . The company traded as high as $234.20 and last traded at $233.50. Approximately 101,642 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,116,949 shares. The stock had previously closed at $224.60.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DKS. Barclays increased their target price on DICK’S Sporting Goods from $231.00 to $247.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Oppenheimer upped their price objective on DICK’S Sporting Goods from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. lifted their target price on DICK’S Sporting Goods from $197.00 to $211.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Citigroup upped their price target on DICK’S Sporting Goods from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Finally, Robert W. Baird raised their price target on shares of DICK’S Sporting Goods from $225.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average price target of $236.05.

DICK’S Sporting Goods Trading Up 3.8 %

The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55. The firm has a market cap of $19.00 billion, a PE ratio of 18.60, a P/E/G ratio of 2.26 and a beta of 1.65. The company’s 50-day moving average is $212.54 and its 200 day moving average is $202.18.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $2.94 by $0.36. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. DICK’S Sporting Goods’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.40 earnings per share. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $1.10 dividend. The ex-dividend date was Friday, June 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.89%. DICK’S Sporting Goods’s dividend payout ratio is 36.42%.

Insider Buying and Selling

In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $222.02, for a total value of $1,090,118.20. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $222.02, for a total value of $1,090,118.20. Following the completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at $3,664,218.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,400 shares of company stock worth $1,811,336. 32.03% of the stock is owned by company insiders.

Institutional Trading of DICK’S Sporting Goods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in shares of DICK’S Sporting Goods during the first quarter worth approximately $25,000. ICA Group Wealth Management LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter valued at $28,000. Covestor Ltd raised its stake in DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. Innealta Capital LLC bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $31,000. Finally, ORG Partners LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter worth $30,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.