Lawrence J. Schorr Sells 7,333 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

DICK’S Sporting Goods Stock Up 1.0 %

Shares of NYSE:DKS opened at $229.12 on Monday. The stock has a market cap of $18.67 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.52 and a beta of 1.58. The business’s 50 day moving average is $211.88 and its 200 day moving average is $212.91. DICK’S Sporting Goods, Inc. has a 12-month low of $137.06 and a 12-month 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.

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

DICK’S Sporting Goods Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DKS shares. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Truist Financial raised their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Finally, Loop Capital increased their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $244.95.

Hedge Funds Weigh In On DICK’S Sporting Goods

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

About DICK’S Sporting Goods

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.