DICK’S Sporting Goods, Inc. (NYSE:DKS) SVP Sells $1,221,342.55 in Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) SVP John Edward Hayes III sold 11,933 shares of the business’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $102.35, for a total value of $1,221,342.55. Following the sale, the senior vice president now owns 35,881 shares of the company’s stock, valued at approximately $3,672,420.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

John Edward Hayes III also recently made the following trade(s):

• On Friday, March 25th, John Edward Hayes III sold 2,352 shares of DICK’S Sporting Goods stock. The stock was sold at an average price of $107.39, for a total value of $252,581.28.
• On Thursday, March 17th, John Edward Hayes III sold 2,626 shares of DICK’S Sporting Goods stock. The stock was sold at an average price of $110.69, for a total value of $290,671.94.
• On Wednesday, January 12th, John Edward Hayes III sold 800 shares of DICK’S Sporting Goods stock. The stock was sold at an average price of $114.28, for a total value of $91,424.00.

DKS stock opened at $105.16 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. The firm has a market cap of $9.11 billion, a P/E ratio of 7.58, a P/E/G ratio of 1.67 and a beta of 1.68. DICK’S Sporting Goods, Inc. has a 12-month low of $80.42 and a 12-month high of $147.39. The stock’s 50 day simple moving average is $107.03 and its 200 day simple moving average is $114.35.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last posted its quarterly earnings results on Tuesday, March 8th. The sporting goods retailer reported $3.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.54 by $0.10. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.31 billion. DICK’S Sporting Goods had a return on equity of 60.28% and a net margin of 12.36%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.43 EPS. On average, research analysts forecast that DICK’S Sporting Goods, Inc. will post 12.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 18th were given a dividend of $0.488 per share. This is a positive change from DICK’S Sporting Goods’s previous quarterly dividend of $0.44. This represents a $1.95 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 17th. DICK’S Sporting Goods’s dividend payout ratio is currently 14.05%.

Several hedge funds have recently bought and sold shares of DKS. Spire Wealth Management acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at approximately $26,000. Pinnacle Holdings LLC acquired a new stake in DICK’S Sporting Goods in the third quarter worth $31,000. Missouri Trust & Investment Co acquired a new stake in DICK’S Sporting Goods in the fourth quarter worth $34,000. Banque Cantonale Vaudoise acquired a new stake in DICK’S Sporting Goods in the third quarter worth $43,000. Finally, Trustcore Financial Services LLC acquired a new stake in DICK’S Sporting Goods in the third quarter worth $44,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on DKS. Zacks Investment Research cut DICK’S Sporting Goods from a “strong-buy” rating to a “hold” rating and set a $116.00 target price for the company. in a report on Monday, March 7th. StockNews.com assumed coverage on DICK’S Sporting Goods in a report on Thursday, March 31st. They issued a “hold” rating for the company. Wedbush decreased their price target on DICK’S Sporting Goods from $155.00 to $140.00 in a report on Wednesday, January 5th. DA Davidson decreased their price target on DICK’S Sporting Goods from $165.00 to $147.00 in a report on Wednesday, March 9th. Finally, Wells Fargo & Company decreased their price target on DICK’S Sporting Goods from $132.00 to $122.00 and set an “equal weight” rating for the company in a report on Thursday, March 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $135.11.

DICK’S Sporting Goods Company Profile (Get Rating)

Dick’s Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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