DICK’S Sporting Goods (NYSE:DKS) Shares Gap Down to $135.91

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) gapped down prior to trading on Friday . The stock had previously closed at $135.91, but opened at $129.40. DICK’S Sporting Goods shares last traded at $128.50, with a volume of 1,218,703 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of DICK’S Sporting Goods from $140.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 8th. Loop Capital boosted their target price on shares of DICK’S Sporting Goods from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday, March 9th. Wedbush boosted their target price on shares of DICK’S Sporting Goods from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $165.00 price target on shares of DICK’S Sporting Goods in a report on Friday, March 17th. Finally, StockNews.com assumed coverage on shares of DICK’S Sporting Goods in a report on Thursday. They issued a “hold” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.61.

DICK’S Sporting Goods Trading Down 6.8 %

The company’s 50-day moving average is $141.20 and its 200-day moving average is $128.93. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 1.85 and a beta of 1.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.81 and a current ratio of 1.88.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings results on Tuesday, March 7th. The sporting goods retailer reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.45 billion. DICK’S Sporting Goods had a net margin of 8.43% and a return on equity of 45.97%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.64 EPS. On average, research analysts predict that DICK’S Sporting Goods, Inc. will post 13.5 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were given a dividend of $1.00 per share. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $0.49. The ex-dividend date was Thursday, March 16th. This represents a $4.00 annualized dividend and a yield of 3.16%. DICK’S Sporting Goods’s dividend payout ratio is 37.14%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 83,392 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $145.21, for a total transaction of $12,109,352.32. Following the transaction, the chief executive officer now directly owns 233,269 shares in the company, valued at approximately $33,872,991.49. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Julie Lodge-Jarrett sold 8,560 shares of the company’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $140.00, for a total value of $1,198,400.00. Following the completion of the sale, the senior vice president now directly owns 30,712 shares of the company’s stock, valued at approximately $4,299,680. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lauren R. Hobart sold 83,392 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $145.21, for a total value of $12,109,352.32. Following the completion of the sale, the chief executive officer now directly owns 233,269 shares of the company’s stock, valued at $33,872,991.49. The disclosure for this sale can be found here. In the last three months, insiders have sold 285,382 shares of company stock worth $41,042,070. Company insiders own 30.79% of the company’s stock.

Institutional Trading of DICK’S Sporting Goods

A number of large investors have recently bought and sold shares of the business. FMR LLC increased its stake in DICK’S Sporting Goods by 1.0% during the 1st quarter. FMR LLC now owns 9,005,968 shares of the sporting goods retailer’s stock worth $1,277,857,000 after purchasing an additional 87,329 shares in the last quarter. BlackRock Inc. grew its stake in shares of DICK’S Sporting Goods by 12.1% during the 1st quarter. BlackRock Inc. now owns 5,983,808 shares of the sporting goods retailer’s stock worth $849,043,000 after acquiring an additional 644,609 shares in the last quarter. State Street Corp grew its stake in shares of DICK’S Sporting Goods by 5.7% during the 1st quarter. State Street Corp now owns 1,692,324 shares of the sporting goods retailer’s stock worth $240,124,000 after acquiring an additional 91,716 shares in the last quarter. Atreides Management LP boosted its holdings in shares of DICK’S Sporting Goods by 2.6% in the 1st quarter. Atreides Management LP now owns 1,664,889 shares of the sporting goods retailer’s stock valued at $236,231,000 after buying an additional 42,367 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its holdings in shares of DICK’S Sporting Goods by 6,908.1% in the 3rd quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer’s stock valued at $130,224,000 after buying an additional 1,226,735 shares during the last quarter. 75.08% of the stock is owned by institutional investors.

About DICK’S Sporting Goods

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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.