DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Lawrence J. Schorr Sells 7,333 Shares

DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

DICK’S Sporting Goods Price Performance

DKS stock opened at $229.12 on Friday. The company has a fifty day simple moving average of $211.88 and a two-hundred day simple moving average of $213.11. DICK’S Sporting Goods, Inc. has a 52 week low of $137.06 and a 52 week high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $18.67 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.85 earnings per share. Analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. The ex-dividend date was Friday, December 13th. This represents a $4.40 annualized dividend and a yield of 1.92%. DICK’S Sporting Goods’s payout ratio is 31.45%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of analyst reports. Wedbush restated a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Loop Capital upped their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and an average price target of $244.95.

Institutional Trading of DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DKS. Kerusso Capital Management LLC bought a new position in shares of DICK’S Sporting Goods during the third quarter valued at approximately $1,554,000. National Pension Service bought a new position in DICK’S Sporting Goods in the 3rd quarter valued at $4,195,000. Strategy Asset Managers LLC purchased a new stake in DICK’S Sporting Goods in the third quarter worth $4,325,000. Landscape Capital Management L.L.C. lifted its position in shares of DICK’S Sporting Goods by 402.9% during the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock worth $3,202,000 after purchasing an additional 12,293 shares during the last quarter. Finally, Bridgewater Associates LP boosted its stake in shares of DICK’S Sporting Goods by 245.7% during the third quarter. Bridgewater Associates LP now owns 6,002 shares of the sporting goods retailer’s stock valued at $1,253,000 after purchasing an additional 4,266 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

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.