Stock Traders Purchase Large Volume of DICK’S Sporting Goods Put Options (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 7,861 put options on the stock. This represents an increase of 75% compared to the typical daily volume of 4,493 put options.

Hedge Funds Weigh In On DICK’S Sporting Goods

Hedge funds have recently bought and sold shares of the company. Maridea Wealth Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 45.9% during the 4th quarter. Maridea Wealth Management LLC now owns 2,220 shares of the sporting goods retailer’s stock worth $440,000 after acquiring an additional 698 shares during the period. Occidental Asset Management LLC increased its stake in DICK’S Sporting Goods by 5.8% in the fourth quarter. Occidental Asset Management LLC now owns 13,342 shares of the sporting goods retailer’s stock valued at $2,641,000 after acquiring an additional 730 shares during the last quarter. Hamlin Capital Management LLC raised its position in DICK’S Sporting Goods by 7.2% during the fourth quarter. Hamlin Capital Management LLC now owns 760,093 shares of the sporting goods retailer’s stock valued at $150,476,000 after purchasing an additional 51,169 shares in the last quarter. Hilltop National Bank lifted its stake in DICK’S Sporting Goods by 3.0% during the fourth quarter. Hilltop National Bank now owns 6,587 shares of the sporting goods retailer’s stock worth $1,304,000 after purchasing an additional 190 shares during the last quarter. Finally, Doliver Advisors LP lifted its stake in DICK’S Sporting Goods by 196.8% during the fourth quarter. Doliver Advisors LP now owns 7,223 shares of the sporting goods retailer’s stock worth $1,430,000 after purchasing an additional 4,789 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DKS. Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday. Robert W. Baird set a $226.00 price objective on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Wells Fargo & Company boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. Finally, Telsey Advisory Group decreased their target price on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Eleven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $235.10.

DICK’S Sporting Goods Trading Up 3.0%

Shares of DKS stock opened at $216.46 on Friday. The stock has a market cap of $19.47 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 3.30 and a beta of 1.19. DICK’S Sporting Goods has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $212.37 and a 200 day simple moving average of $216.06.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.16. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.45 billion. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The company’s revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the company earned $2.75 EPS. DICK’S Sporting Goods has set its FY 2025 guidance at 14.250-14.550 EPS. On average, research analysts predict that DICK’S Sporting Goods will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, December 12th. DICK’S Sporting Goods’s payout ratio is 39.02%.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.