DICK’S Sporting Goods, Inc. (NYSE:DKS) SVP John Edward Hayes III Sells 16,219 Shares

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) SVP John Edward Hayes III sold 16,219 shares of DICK’S Sporting Goods in a transaction on Wednesday, August 24. The stock sold at an average price of $109.70 for a total transaction of $1,779,224.30. Following the closing of the transaction, the Senior Vice President now directly owns 27,231 shares of the Company, valued at approximately $2,987,240.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website.

DICK’S sporting goods inventory down 3.2%

Shares of DICK’S Sporting Goods fell $3.48 on Friday afternoon to hit $106.74. The company’s shares had a trading volume of 1,102,017 shares compared to an average volume of 2,053,290. The company has a market cap of $8.60 billion, a P/E of 9.45, a PEG ratio of 1.94 and a beta of 1.63. DICK’S Sporting Goods, Inc. has a 1 year low of $63.45 and a 1 year high of $147.39. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt to equity ratio of 0.85. The stock has a 50-day simple moving average of $92.04 and a 200-day simple moving average of $95.95.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Tuesday, August 23rd. The sporting goods retailer reported earnings per share of $3.68 for the quarter, beating the consensus estimate of $3.51 by $0.17. The company made $3.11 billion in revenue for the quarter, compared to analysts’ expectations of $3.07 billion. DICK’S Sporting Goods had a return on equity of 55.70% and a net margin of 10.42%. The company’s revenue declined 5.0% year over year in the quarter. In the same quarter last year, the company posted $5.08 per share. As a group, sell-side analysts expect DICK’s Sporting Goods, Inc. to report year-to-date earnings per share of 11.14.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9 will receive a dividend of $0.488 per share. That equates to an annualized dividend of $1.95 and a yield of 1.83%. The ex-dividend date of this dividend is Thursday September 8th. DICK’S Sporting Goods payout percentage is 16.72%.

Institutional trade in DICK’S sporting goods

Institutional investors and hedge funds recently changed their positions in the stock. Fifth Third Bancorp increased its stake in DICK’S Sporting Goods by 62.0% during the first quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer, valued at $26,000, after purchasing an additional 101 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in DICK’S Sporting Goods by 1.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 7,246 shares of the sporting goods retailer, valued at $546,000, after purchasing an additional 113 shares last quarter. Centric Wealth Management added 0.6% to its holdings in DICK’S Sporting Goods in the first quarter. Centric Wealth Management now owns 21,520 shares of the sporting goods retailer, valued at $2,152,000, having purchased an additional 127 shares during the period. CPR Investments Inc. increased its position in shares of DICK’S Sporting Goods by 2.6% in the first quarter. CPR Investments Inc. now owns 5,318 shares of the sporting goods retailer, valued at $532,000, after purchasing an additional 136 shares last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in DICK’S Sporting Goods by 3.8% during the first quarter. First Citizens Bank & Trust Co. now owns 4,013 shares of the sporting goods retailer, valued at $401,000, after buying an additional 146 shares during the period. Institutional investors and hedge funds own 78.92% of the company’s shares.

Analyst upgrades and downgrades

A number of equity analysts recently rated DKS stock. Gordon Haskett upgraded the shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating and issued a research report on Thursday, May 26th with a price target of $78.00 for the company. DA Davidson has raised its price target on DICK’S Sporting Goods to $130.00 from $120.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI raised its target price on shares of DICK’S Sporting Goods from $120.00 to $160.00, giving the stock a “outperform” rating in a research report on Wednesday. Barclays raised its price target on shares of DICK’S Sporting Goods to $125.00 from $106.00 and rated the company as “overweight” in a research report on Wednesday. Finally, Stifel Nicolaus raised his target price on shares of DICK’S Sporting Goods from $84.00 to $100.00 in a research report on Wednesday. One equities research analyst has assigned a sell rating to the stock, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of Moderate Buy and an average target price of $123.37.

About DICK’S sporting goods

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

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