Shares of DKS stock opened at $ 75.30 on Wednesday. DICK’S Sporting Goods has a fifty-two week low of $ 63.45 and a fifty-two week high of $ 147.39. The company has a 50 day moving average price of $ 88.23 and a 200 day moving average price of $ 101.54. The stock has a market capitalization of $ 6.06 billion, a P / E ratio of 5.82, a price-to-earnings-growth ratio of 1.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.88.
DICK’S Sporting Goods (NYSE: DKS – Get Rating) last released its earnings results on Wednesday, May 25th. The sporting goods retailer reported $ 2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 2.42 by $ 0.43. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The firm had revenue of $ 2.70 billion during the quarter, compared to analyst estimates of $ 2.63 billion. During the same period last year, the business posted $ 3.79 earnings per share. DICK’S Sporting Goods’s revenue was down 7.5% compared to the same quarter last year. On average, research analysts forecast that DICK’S Sporting Goods will post 10.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, June 10th will be issued a $ 0.488 dividend. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $ 1.95 dividend on an annualized basis and a dividend yield of 2.59%. DICK’S Sporting Goods’s payout ratio is 15.07%.
DKS has been the subject of several research reports. Barclays reduced their target price on DICK’S Sporting Goods from $ 134.00 to $ 106.00 and set an overweight rating for the company in a report on Thursday, May 26th. Cowen lowered their price objective on shares of DICK’S Sporting Goods to $ 126.00 in a research report on Thursday, May 26th. DA Davidson reduced their target price on shares of DICK’S Sporting Goods to $ 123.00 in a report on Thursday, May 26th. Wells Fargo & Company lowered their price target on DICK’S Sporting Goods from $ 132.00 to $ 122.00 and set an equal weight rating on the stock in a report on Thursday, March 24th. Finally, StockNews.com began coverage on DICK’S Sporting Goods in a research report on Thursday, March 31st. They issued a hold rating on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $ 117.41.
In related news, EVP Donald J. Germano sold 54,210 shares of the company’s stock in a transaction that occurred on Tuesday, April 5th. The shares were sold at an average price of $ 99.68, for a total transaction of $ 5,403,652.80. Following the transaction, the executive vice president now owns 91,269 shares of the company’s stock, valued at $ 9,097,693.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Navdeep Gupta sold 9,614 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $ 104.13, for a total transaction of $ 1,001,105.82. Following the sale, the chief financial officer now owns 95,272 shares in the company, valued at approximately $ 9,920,673.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,848 shares of company stock valued at $ 14,967,859. Corporate insiders own 32.83% of the company’s stock.
Several hedge funds have recently made changes to their positions in DKS. Point72 Hong Kong Ltd lifted its position in DICK’S Sporting Goods by 188.8% during the first quarter. Point72 Hong Kong Ltd now owns 797 shares of the sporting goods retailer’s stock valued at $ 80,000 after buying an additional 521 shares in the last quarter. Covestor Ltd increased its holdings in DICK’S Sporting Goods by 118.7% in the 1st quarter. Covestor Ltd now owns 912 shares of the sporting goods retailer’s stock valued at $ 91,000 after purchasing an additional 495 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in DICK’S Sporting Goods by 104.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,523 shares of the sporting goods retailer’s stock valued at $ 175,000 after purchasing an additional 779 shares in the last quarter. Forum Financial Management LP purchased a new position in DICK’S Sporting Goods in the fourth quarter valued at about $ 221,000. Finally, Edgestream Partners LP acquired a new position in shares of DICK’S Sporting Goods during the first quarter worth about $ 261,000. Institutional investors and hedge funds own 78.92% of the company’s stock.
About DICK’S Sporting Goods (Get Rating)
DICK’S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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