John Edward Hayes III Sells 10,942 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock
DICK’S Sporting Goods, Inc. (NYSE:DKS) SVP John Edward Hayes III sold 10,942 shares of DICK’S Sporting Goods stock in a transaction on Monday, January 11th. The shares were sold at an average price of $64.82, for a total value of $709,260.44. Following the transaction, the senior vice president now owns 32,991 shares in the company, valued at approximately $2,138,476.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
DICK’S Sporting Goods stock traded down $1.34 during trading hours on Wednesday, hitting $65.81. The stock had a trading volume of 1,401,780 shares, compared to its average volume of 2,550,698. The company has a 50-day moving average of $57.06 and a two-hundred day moving average of $52.96. The company has a quick ratio of 0.48, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. DICK’S Sporting Goods, Inc. has a fifty-two week low of $13.46 and a fifty-two week high of $67.75. The company has a market cap of $5.90 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.65.
DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Monday, November 23rd. The sporting goods retailer reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $1.07. DICK’S Sporting Goods had a return on equity of 25.52% and a net margin of 4.20%. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 6.36 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in DKS. FMR LLC raised its holdings in shares of DICK’S Sporting Goods by 32.4% in the 1st quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock worth $52,679,000 after buying an additional 350,515 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of DICK’S Sporting Goods by 3.5% in the 2nd quarter. Bank of Montreal Can now owns 46,423 shares of the sporting goods retailer’s stock worth $1,800,000 after buying an additional 1,581 shares in the last quarter. Stifel Financial Corp acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $454,000. Man Group plc increased its holdings in DICK’S Sporting Goods by 140.3% during the 2nd quarter. Man Group plc now owns 49,764 shares of the sporting goods retailer’s stock valued at $2,054,000 after purchasing an additional 29,051 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $57,000. Institutional investors own 70.35% of the company’s stock.
DKS has been the topic of a number of research analyst reports. Credit Suisse Group lifted their price target on DICK’S Sporting Goods from $65.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, November 25th. Zacks Investment Research upgraded DICK’S Sporting Goods from a “hold” rating to a “strong-buy” rating and set a $68.00 price target on the stock in a report on Monday, November 30th. Bank of America boosted their target price on DICK’S Sporting Goods from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, November 25th. Cleveland Research upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating in a research note on Friday, September 25th. Finally, Raymond James restated a “sell” rating on shares of DICK’S Sporting Goods in a research note on Friday, December 11th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $56.08.
About DICK’S Sporting Goods
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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