DICK’S Sporting Items, Inc. (NYSE:DKS) Director Sells $1,zero54,800.00 in Inventory

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Mark J. Barrenechea, director of DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating), sold 10,000 shares of DICK’S Sporting Goods in a transaction dated Monday, April 11. The stock sold at an average price of $105.48 for a total value of $1,054,800.00. Upon completion of the transaction, the Director now owns 10,159 shares of the Company, valued at approximately $1,071,571.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this link.

NYSE: DKS rose $1.49 during trading hours on Wednesday to hit $107.16. The company’s shares had a trading volume of 1,016,138 shares compared to an average volume of 1,807,560. The company has a market cap of $9.28 billion, a P/E of 7.72, a price-to-earnings-to-growth ratio of 1.65 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 company has a debt to equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.88. The stock has a 50-day moving average price of $107.25 and a 200-day moving average price of $114.47.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings data on Tuesday, March 8th. The sporting goods retailer reported $3.64 EPS for the quarter, beating analysts’ consensus estimate of $3.54 by $0.10. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.31 billion. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. DICK’S Sporting Goods sales for the quarter increased 7.2% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $2.43. As a group, analysts are forecasting that DICK’s Sporting Goods, Inc. will post 12.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 18 received a dividend of $0.488 per share. The ex-dividend date was Thursday March 17th. This is an increase from DICK’S Sporting Goods’ prior quarterly dividend of $0.44. That equates to a dividend of $1.95 on an annualized basis and a dividend yield of 1.82%. The payout ratio of DICK’S Sporting Goods is currently 14.05%.

Several brokers have issued reports on DKS. Zacks Investment Research lowered DICK’S Sporting Goods from a “strong-buy” rating to a “hold” rating and set a price target of $116.00 for the company. in a research paper on Monday, March 7th. Stephens lowered its target price on DICK’S Sporting Goods from $138.00 to $122.00 and rated the company as “break even” in a research report on Wednesday, March 9th. Gordon Haskett downgraded DICK’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, December 17th. DA Davidson lowered his target price on DICK’S Sporting Goods from $165.00 to $147.00 in a research note on Wednesday, March 9. Finally, Wedbush lowered its target price on DICK’S Sporting Goods from $155.00 to $140.00 in a research note on Wednesday, January 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has an average rating of Hold and an average target price of $135.11.

Several hedge funds recently changed their holdings in the company. Goldman Sachs Group Inc. increased its position in shares of DICK’S Sporting Goods by 18.4% in the third quarter. Goldman Sachs Group Inc. now owns 2,318,344 shares of the sporting goods retailer, valued at $277,668,000, after buying an additional 360,476 shares last quarter. Dimensional Fund Advisors LP increased its position in DICK’S Sporting Goods by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,171,797 shares of the sporting goods retailer worth $260,155,000 after purchasing an additional 17,713 shares last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of DICK’S Sporting Goods by 13.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,554,136 shares of the sporting goods retailer valued at $186,139,000 after purchasing an additional 186,174 shares last quarter. FMR LLC increased its position in shares of DICK’S Sporting Goods by 32.4% during the first quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer worth $52,679,000 after purchasing an additional 350,515 shares last quarter. Finally, Geode Capital Management LLC increased its position in shares of DICK’S Sporting Goods by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 1,088,733 shares of the sporting goods retailer, valued at $125,197,000, after purchasing an additional 158,201 shares last quarter. 92.06% of the shares are currently owned by institutional investors and hedge funds.

About DICK’S sporting goods (get rating)

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

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