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

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DICK’s Sporting Goods, Inc. (NYSE:DKS – Get Rating) SVP John Edward Hayes III sold 11,933 shares of the company’s shares in a transaction on Friday, April 8th. The stock 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, valued at approximately $3,672,420.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website.

John Edward Hayes III also recently made the following trades:

  • On Friday March 25, John Edward Hayes III sold 2,352 shares of DICK’S Sporting Goods. The stock 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. The stock 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. The stock sold at an average price of $114.28 for a total value of $91,424.00.

DKS shares 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 company has a market cap of $9.11 billion, a P/E of 7.58, a P/E 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 the 200-day simple moving average is $114.35.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The sporting goods retailer reported earnings per share (EPS) of $3.64 for the quarter, beating Thomson Reuters consensus estimate of $3.54 by $0.10. The company had revenue of $3.35 billion in 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 company’s revenue increased 7.2% compared to the prior-year quarter. In the same period last year, the company posted $2.43 per share. On average, research 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. Registered investors received a dividend of $0.488 per share on Friday, March 18th. This is a positive change from DICK’S Sporting Goods’ previous quarterly dividend of $0.44. That equates to an annualized dividend of $1.95 and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday March 17th. The payout ratio of DICK’S Sporting Goods is currently 14.05%.

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

A number of brokerage houses have recently 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 report on Monday, March 7th. StockNews.com ran a report on DICK’S Sporting Goods on Thursday, March 31st. They gave the company a “hold” rating. Wedbush lowered its target price on DICK’S Sporting Goods to $140.00 from $155.00 in a report on Wednesday, January 5. DA Davidson lowered its target price on DICK’S Sporting Goods from $165.00 to $147.00 in a report on Wednesday, March 9th. Finally, in a report Thursday, March 24, Wells Fargo & Company lowered its price target on DICK’S Sporting Goods to $122.00 from $132.00 and gave the company an “equal weight” rating. 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.com, the company has a consensus rating of Hold and an average target price of $135.11.

DICK’S Sporting Goods Company Profile (received 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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