DICK’S Sporting Goods (NYSE:DKS) Shares Gap Up to $139.33

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $139.33, but opened at $142.71. DICK’S Sporting Goods shares last traded at $141.64, with a volume of 135,080 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Loop Capital boosted their price objective on shares of DICK’S Sporting Goods from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, March 9th. Wedbush upped their target price on shares of DICK’S Sporting Goods from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 8th. Jefferies Financial Group began coverage on shares of DICK’S Sporting Goods in a research note on Tuesday, March 14th. They set a “hold” rating and a $155.00 price objective on the stock. Williams Trading cut shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday, February 13th. Finally, Citigroup raised their price target on shares of DICK’S Sporting Goods from $140.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, March 8th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.61.

DICK’S Sporting Goods Stock Up 0.5 %

The company has a quick ratio of 0.81, a current ratio of 1.88 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $11.99 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 1.93 and a beta of 1.44. The business’s 50 day simple moving average is $142.33 and its 200 day simple moving average is $128.24.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly earnings data on Tuesday, March 7th. The sporting goods retailer reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same quarter in the prior year, the company posted $3.64 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.5 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $4.00 dividend on an annualized basis and a yield of 2.86%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $0.49. DICK’S Sporting Goods’s payout ratio is currently 37.14%.

Insider Activity

In other news, SVP Julie Lodge-Jarrett sold 8,560 shares of the stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $140.00, for a total value of $1,198,400.00. Following the transaction, the senior vice president now directly owns 30,712 shares of the company’s stock, valued at $4,299,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Julie Lodge-Jarrett sold 8,560 shares of the firm’s stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $140.00, for a total value of $1,198,400.00. Following the completion of the transaction, the senior vice president now owns 30,712 shares in the company, valued at approximately $4,299,680. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anne Fink sold 3,174 shares of the firm’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $139.08, for a total transaction of $441,439.92. Following the transaction, the director now owns 14,481 shares of the company’s stock, valued at approximately $2,014,017.48. The disclosure for this sale can be found here. Insiders sold 285,382 shares of company stock worth $41,042,070 over the last quarter. 32.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DICK’S Sporting Goods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank lifted its position in DICK’S Sporting Goods by 52.4% in the third quarter. Comerica Bank now owns 42,024 shares of the sporting goods retailer’s stock valued at $4,804,000 after purchasing an additional 14,456 shares during the last quarter. Truist Financial Corp raised its holdings in DICK’S Sporting Goods by 46.6% in the third quarter. Truist Financial Corp now owns 34,060 shares of the sporting goods retailer’s stock worth $3,565,000 after purchasing an additional 10,834 shares in the last quarter. Teza Capital Management LLC purchased a new stake in shares of DICK’S Sporting Goods in the third quarter worth $222,000. Allianz Asset Management GmbH grew its stake in shares of DICK’S Sporting Goods by 12.8% in the third quarter. Allianz Asset Management GmbH now owns 58,582 shares of the sporting goods retailer’s stock worth $6,130,000 after acquiring an additional 6,632 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 0.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 20,558 shares of the sporting goods retailer’s stock worth $2,473,000 after acquiring an additional 169 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors.

About DICK’S Sporting Goods

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Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.