DICK'S Sporting Goods (NYSE:DKS) Trading Down 5.8% - Should You Sell?

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report)'s share price dropped 5.8% during trading on Monday . The company traded as low as $202.22 and last traded at $202.57. Approximately 229,591 shares changed hands during trading, a decline of 79% from the average daily volume of 1,107,130 shares. The stock had previously closed at $215.03.

Analyst Ratings Changes

A number of analysts have recently weighed in on DKS shares. Loop Capital upped their target price on DICK'S Sporting Goods from $200.00 to $220.00 and gave the company a "hold" rating in a research report on Thursday, September 5th. TD Cowen increased their price objective on shares of DICK'S Sporting Goods from $266.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Wells Fargo & Company decreased their target price on shares of DICK'S Sporting Goods from $230.00 to $227.00 and set an "equal weight" rating on the stock in a report on Monday, August 12th. Bank of America upped their price target on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, September 5th. Finally, UBS Group lifted their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $244.62.

DICK'S Sporting Goods Price Performance

The business's 50 day moving average is $216.06 and its two-hundred day moving average is $211.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The firm has a market capitalization of $16.79 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 2.45 and a beta of 1.62.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.44 billion. DICK'S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 earnings per share. Equities research analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, September 20th. DICK'S Sporting Goods's payout ratio is 36.42%.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the business's stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the transaction, the director now owns 5,609 shares of the company's stock, valued at approximately $1,159,099.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 32.03% of the company's stock.

Institutional Trading of DICK'S Sporting Goods

A number of hedge funds have recently made changes to their positions in DKS. Vanguard Group Inc. lifted its stake in DICK'S Sporting Goods by 3.2% during the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer's stock worth $1,209,892,000 after purchasing an additional 166,687 shares during the last quarter. Renaissance Technologies LLC lifted its position in DICK'S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock worth $237,697,000 after buying an additional 375,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in DICK'S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer's stock worth $167,683,000 after buying an additional 102,609 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in DICK'S Sporting Goods by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 764,912 shares of the sporting goods retailer's stock worth $164,341,000 after buying an additional 11,792 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in DICK'S Sporting Goods by 40.2% during the second quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer's stock valued at $117,103,000 after acquiring an additional 156,227 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

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.