Navdeep Gupta Sells 9,614 Shares of DICK’S Sporting Items, Inc. (NYSE:DKS) Inventory

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Navdeep Gupta, CFO of DICK’s Sporting Goods, Inc. (NYSE:DKS – Get Rating), sold 9,614 shares of the company’s shares in a transaction on Friday, April 8th. The stock sold at an average price of $104.13 for a total value of $1,001,105.82. Following the transaction, the Chief Financial Officer now directly owns 95,272 shares of the Company, valued at approximately $9,920,673.36. The transaction was disclosed in a filing with the SEC, which can be accessed at this link.

Navdeep Gupta has also recently made the following trades:

  • On Wednesday, January 12, Navdeep Gupta sold 4,700 shares of DICK’S Sporting Goods. The stock sold at an average price of $114.56 for a total value of $538,432.00.

DKS shares opened at $105.16 on Friday. The stock has a 50-day moving average price of $107.03 and a 200-day moving average price of $114.35. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-to-growth ratio of 1.67, and a beta of 1.68. The company has a current ratio of 1.88, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92. DICK’S Sporting Goods, Inc. has a 1 year low of $80.42 and a 1 year high of $147.39.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Tuesday, March 8th. The sporting goods retailer reported earnings per share (EPS) of $3.64 for the quarter, beating Zacks’ consensus estimate of $3.54 by $0.10. The company made $3.35 billion in revenue for the quarter, compared to analysts’ expectations 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 rose 7.2% year over year. In the same quarter last year, the company earned $2.43 per share. On average, analysts are forecasting that DICK’S Sporting Goods, Inc. will report earnings per share of $12.65 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. A dividend of $0.488 per share was paid to shareholders of record on Friday, March 18th. That equates to an annual dividend of $1.95 and a yield of 1.86%. The ex-dividend date was Thursday March 17th. This is an increase from DICK’S Sporting Goods’ prior quarterly dividend of $0.44. The payout ratio of DICK’S Sporting Goods is 14.05%.

A number of hedge funds recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in 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 stake 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 stake in 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 worth $186,139,000 after purchasing an additional 186,174 shares last quarter. FMR LLC increased its stake in 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 stake in 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 worth $125,197,000 after purchasing an additional 158,201 shares last quarter. Hedge funds and other institutional investors own 92.06% of the company’s shares.

DKS has been the subject of several research reports. Citigroup increased its price target for DICK’S Sporting Goods to $170.00 from $161.00 in a report Wednesday, March 9. Truist Financial raised its target price on DICK’S Sporting Goods to $180.00 from $168.00 and gave the stock a “buy” rating in a report Wednesday, March 9. DA Davidson reduced its price target for DICK’S Sporting Goods from $165.00 to $147.00 in a report Wednesday, March 9th. StockNews.com began coverage of DICK’S Sporting Goods in a Research Note on Thursday, March 31st. They gave the stock a “hold” rating. Finally, Gordon Haskett downgraded DICK’s Sporting Goods rating from a “buy” rating to a “hold” rating in a research note on Friday, December 17th. 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, the stock currently has a consensus rating of Hold and a consensus price target of $135.11.

About DICK’S sporting goods (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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