John Edward Hayes III Sells 1,733 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) SVP John Edward Hayes III sold 1,733 shares of the company’s stock in a transaction that took place on Wednesday, June 7th. The stock sold at an average price of $136.66 for a total transaction of $236,831.78. Following the sale, the senior vice president now directly owns 18,416 shares of the company, valued at $2,516,730.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website.

John Edward Hayes III also recently made the following deals:

• On Monday April 3rd, John Edward Hayes III sold 5,000 shares of DICK’S Sporting Goods. The stock sold at an average price of $141.50 for a total transaction of $707,500.00.
• On Friday March 24th, John Edward Hayes III sold 6,592 shares of DICK’S Sporting Goods. The stock sold at an average price of $138.00 for a total transaction of $909,696.00.

DICK’S Sporting Goods stock performance

NYSE:DKS rose $0.77 during Friday’s hours to hit $135.74. 852,830 shares of the company were exchanged compared to an average volume of 1,444,018. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 11.54, a price-to-earnings ratio of 1.72 and a beta of 1.44. The company has a 50-day moving average of $137.19 and a 200-day moving average of $130.82. The company has a short-term ratio of 0.76, a current ratio of 1.96 and a leverage ratio of 0.55. DICK’S Sporting Goods, Inc. has a 1 year low of $70.21 and a 1 year high of $152.61.

DICK’S Sporting Goods (NYSE:DKS – Get rating) last released its quarterly results on Tuesday, May 23rd. The sporting goods retailer reported earnings per share of $3.40 for the quarter, beating analysts’ consensus estimate of $3.22 by $0.18. The company made $2.84 billion in revenue for the quarter, compared to analysts’ expectations of $2.80 billion. DICK’S Sporting Goods had a net margin of 8.69% and a return on equity of 45.52%. Quarterly sales at DICK’S Sporting Goods increased 5.3% compared to the same quarter last year. In the same quarter last year, the company generated earnings per share of $2.85. Research analysts expect Dick’s Sporting Goods, Inc. to report year-to-date earnings per share of $13.48.

DICK’S Sporting Goods announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16 will be paid a dividend of $1.00 per share. That equates to a dividend of $4.00 on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday June 15th. DICK’S Sporting Goods’ dividend payout ratio is currently 34.19%.

Analysts set new price targets

DKS has been the subject of several recent research reports. Robert W. Baird increased his price target on shares of DICK’S Sporting Goods from $120.00 to $150.00 in a research note on Tuesday, March 7th. Evercore ISI increased its price target on shares of DICK’S Sporting Goods to $200.00 from $160.00 and gave the stock a “Outperform” rating in a report on Wednesday, March 8th. Barclays increased its price target on shares of DICK’S Sporting Goods to $174.00 from $139.00 and gave the stock an “overweight” rating in a report on Wednesday, March 8th. Williams Trading downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating in a report dated Monday, February 13. Finally, Gordon Haskett increased his price target on shares of DICK’S Sporting Goods from $135.00 to $170.00 in a report on Tuesday, March 7th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has an average rating of Moderate Buy and an average price target of $156.43.

Institutional trade in DICK’S Sporting Goods

Large investors have recently bought and sold company shares. Teza Capital Management LLC acquired a new position in DICK’S Sporting Goods valued at $222,000 during the third quarter. Allianz Asset Management GmbH increased its position in DICK’S Sporting Goods by 12.8% in the third quarter. Allianz Asset Management GmbH now owns 58,582 shares of the sporting goods retailer, valued at $6,130,000, after buying an additional 6,632 shares last quarter. Signature Estate & Investment Advisors LLC increased its position in DICK’S Sporting Goods by 0.8% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 20,558 shares of the sporting goods retailer, valued at $2,473,000, after purchasing an additional 169 shares last quarter. Robeco Institutional Asset Management BV increased its position in DICK’S Sporting Goods by 168.6% in the fourth quarter. Robeco Institutional Asset Management BV now owns 41,380 shares of the sporting goods retailer, valued at $4,978,000, after buying a further 25,972 shares last quarter. Finally, Eagle Strategies LLC purchased a new position in DICK’S Sporting Goods valued at $393,000 during the fourth quarter. Institutional investors and hedge funds own 75.08% of the company’s shares.

DICK’S Sporting Goods Company Profile

(get rating)

DICK’S Sporting Goods, Inc., together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The Company offers hardlines including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; Clothing; as well as shoes and accessories.

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