Dicks Sporting Goods Target of Unusually High Options Trading (DKS)

Dicks Sporting Goods Inc (NYSE:DKS) was the target of unusually large options trading on Tuesday. Stock traders acquired 10,282 put options on the stock. This is an increase of 1,330% compared to the typical volume of 719 put options.

Shares of Dicks Sporting Goods (NYSE DKS) traded up $0.90 during trading hours on Wednesday, hitting $33.65. The company had a trading volume of 2,731,507 shares, compared to its average volume of 3,264,497. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. Dicks Sporting Goods has a twelve month low of $23.88 and a twelve month high of $52.89. The stock has a market capitalization of $3,500.00, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company earned $0.48 earnings per share. Dicks Sporting Goods’s quarterly revenue was up 7.4% compared to the same quarter last year. sell-side analysts anticipate that Dicks Sporting Goods will post 2.99 earnings per share for the current fiscal year.

DKS has been the subject of several research reports. BMO Capital Markets reissued a “buy” rating and set a $37.00 price objective on shares of Dicks Sporting Goods in a research note on Thursday, November 2nd. Forward View raised Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, November 16th. Citigroup raised Dicks Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $28.00 to $35.00 in a research note on Tuesday, December 19th. Deutsche Bank raised Dicks Sporting Goods from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $39.00 in a research note on Friday, January 12th. Finally, Buckingham Research raised Dicks Sporting Goods from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.88.

Several large investors have recently made changes to their positions in the stock. Advisory Services Network LLC raised its holdings in shares of Dicks Sporting Goods by 21.7% during the second quarter. Advisory Services Network LLC now owns 5,229 shares of the sporting goods retailer’s stock worth $208,000 after acquiring an additional 931 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Dicks Sporting Goods by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 130,095 shares of the sporting goods retailer’s stock worth $5,182,000 after acquiring an additional 1,994 shares in the last quarter. ING Groep NV raised its holdings in shares of Dicks Sporting Goods by 20.4% during the fourth quarter. ING Groep NV now owns 12,478 shares of the sporting goods retailer’s stock worth $359,000 after acquiring an additional 2,110 shares in the last quarter. Goelzer Investment Management Inc. raised its holdings in shares of Dicks Sporting Goods by 1.9% during the third quarter. Goelzer Investment Management Inc. now owns 128,934 shares of the sporting goods retailer’s stock worth $3,483,000 after acquiring an additional 2,399 shares in the last quarter. Finally, AMP Capital Investors Ltd raised its holdings in shares of Dicks Sporting Goods by 2.8% during the third quarter. AMP Capital Investors Ltd now owns 90,539 shares of the sporting goods retailer’s stock worth $2,445,000 after acquiring an additional 2,456 shares in the last quarter. Institutional investors and hedge funds own 74.20% of the company’s stock.

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About Dicks Sporting Goods

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

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