Insider Selling: DICK’S Sporting Goods (NYSE:DKS) CEO Sells 20,083 Shares of Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) CEO Lauren Hobart sold 20,083 shares of the company’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

DICK’S Sporting Goods Trading Down 1.0%

NYSE DKS opened at $230.42 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The stock’s 50 day moving average price is $220.89 and its two-hundred day moving average price is $201.48. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 3.34 and a beta of 1.06.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.30 by $0.08. DICK’S Sporting Goods had a net margin of 8.52% and a return on equity of 36.54%. The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the company earned $4.37 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. As a group, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 33.87%.

Analysts Set New Price Targets

Several research analysts have weighed in on DKS shares. Gordon Haskett raised DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research report on Friday, July 25th. The Goldman Sachs Group assumed coverage on shares of DICK’S Sporting Goods in a research note on Tuesday, September 23rd. They issued a “buy” rating and a $274.00 target price for the company. Truist Financial upped their price target on shares of DICK’S Sporting Goods from $230.00 to $248.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Monday, August 18th. Finally, BNP Paribas Exane initiated coverage on shares of DICK’S Sporting Goods in a research note on Friday, September 26th. They set an “underperform” rating and a $177.00 price objective on the stock. Eleven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of “Hold” and a consensus target price of $232.05.

Hedge Funds Weigh In On DICK’S Sporting Goods

Several institutional investors and hedge funds have recently modified their holdings of DKS. Wellington Management Group LLP boosted its holdings in shares of DICK’S Sporting Goods by 416.9% during the first quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer’s stock worth $570,370,000 after acquiring an additional 2,282,300 shares during the period. Atreides Management LP acquired a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $172,715,000. Norges Bank bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $136,483,000. Westfield Capital Management Co. LP boosted its stake in DICK’S Sporting Goods by 1,899.2% in the 1st quarter. Westfield Capital Management Co. LP now owns 630,566 shares of the sporting goods retailer’s stock valued at $127,097,000 after purchasing an additional 599,025 shares during the period. Finally, Browning West LP acquired a new position in DICK’S Sporting Goods in the 2nd quarter valued at $115,719,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About DICK’S Sporting Goods

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.