DICK'S Sporting Goods, Inc. (NYSE:DKS) Director Lawrence J. Schorr Sells 7,333 Shares

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company's stock, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

DICK'S Sporting Goods Trading Up 1.0 %

Shares of DKS traded up $2.21 during midday trading on Friday, reaching $229.12. The company had a trading volume of 821,590 shares, compared to its average volume of 858,145. DICK'S Sporting Goods, Inc. has a 1-year low of $137.06 and a 1-year high of $239.30. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $211.39 and a 200-day simple moving average of $213.09. The stock has a market cap of $18.67 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.52 and a beta of 1.58.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK'S Sporting Goods's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.85 earnings per share. Research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.88 EPS for the current fiscal year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is 31.45%.

Analyst Ratings Changes

DKS has been the subject of several research analyst reports. Bank of America boosted their target price on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. DA Davidson restated a "buy" rating and issued a $265.00 target price on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Wedbush reaffirmed a "neutral" rating and set a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Truist Financial increased their price objective on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, DICK'S Sporting Goods has an average rating of "Moderate Buy" and an average target price of $244.95.

Institutional Trading of DICK'S Sporting Goods

Several hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new stake in shares of DICK'S Sporting Goods during the second quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in DICK'S Sporting Goods during the 3rd quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in shares of DICK'S Sporting Goods in the 3rd quarter valued at approximately $30,000. True Wealth Design LLC raised its holdings in shares of DICK'S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in shares of DICK'S Sporting Goods in the 2nd quarter valued at $34,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK'S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.