DICK’S Sporting Goods Sees Unusually Large Options Volume (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) saw some unusual options trading activity on Monday. Investors bought 11,327 put options on the stock. This is an increase of 46% compared to the average volume of 7,737 put options.

DICK’S Sporting Goods Stock Down 0.2 %

NYSE:DKS opened at $126.40 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 0.81 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $140.82 and a 200-day simple moving average of $129.16. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.73 and a beta of 1.44. DICK’S Sporting Goods has a twelve month low of $63.45 and a twelve month high of $152.61.

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 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.45 billion. DICK’S Sporting Goods had a return on equity of 45.97% and a net margin of 8.43%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.64 earnings per share. Analysts anticipate that DICK’S Sporting Goods 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 $1.00 dividend. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $0.49. This represents a $4.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Thursday, March 16th. DICK’S Sporting Goods’s payout ratio is presently 37.14%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DKS. Morgan Stanley increased their price objective on shares of DICK’S Sporting Goods from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 8th. Robert W. Baird increased their target price on shares of DICK’S Sporting Goods from $120.00 to $150.00 in a report on Tuesday, March 7th. StockNews.com assumed coverage on shares of DICK’S Sporting Goods in a report on Thursday, May 18th. They set a “hold” rating for the company. Wedbush increased their price objective on shares of DICK’S Sporting Goods from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, March 8th. Finally, Gordon Haskett increased their price objective on shares of DICK’S Sporting Goods from $135.00 to $170.00 in a report on Tuesday, March 7th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.61.

Insider Activity at DICK’S Sporting Goods

In related news, Director Anne Fink sold 3,174 shares of the stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $139.08, for a total transaction of $441,439.92. Following the sale, the director now directly owns 14,481 shares of the company’s stock, valued at approximately $2,014,017.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other DICK’S Sporting Goods news, SVP John Edward Hayes III sold 6,592 shares of the company’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $138.00, for a total transaction of $909,696.00. Following the transaction, the senior vice president now owns 21,965 shares in the company, valued at approximately $3,031,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne Fink sold 3,174 shares of the company’s stock in a transaction dated Thursday, April 6th. The shares were 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 in the company, valued at approximately $2,014,017.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 285,382 shares of company stock valued at $41,042,070. 30.79% of the stock is owned by insiders.

Institutional Trading of DICK’S Sporting Goods

Several institutional investors and hedge funds have recently made changes to their positions in the company. Balyasny Asset Management LLC grew its stake in shares of DICK’S Sporting Goods by 6,908.1% during the third quarter. Balyasny Asset Management LLC now owns 1,244,493 shares of the sporting goods retailer’s stock worth $130,224,000 after acquiring an additional 1,226,735 shares during the last quarter. Samlyn Capital LLC grew its stake in shares of DICK’S Sporting Goods by 179.0% during the third quarter. Samlyn Capital LLC now owns 1,179,258 shares of the sporting goods retailer’s stock worth $123,397,000 after acquiring an additional 756,539 shares during the last quarter. BlackRock Inc. grew its stake in shares of DICK’S Sporting Goods by 12.1% during the first quarter. BlackRock Inc. now owns 5,983,808 shares of the sporting goods retailer’s stock worth $849,043,000 after acquiring an additional 644,609 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of DICK’S Sporting Goods by 116.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,174,456 shares of the sporting goods retailer’s stock worth $141,275,000 after purchasing an additional 632,420 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of DICK’S Sporting Goods by 1,168.3% during the first quarter. Envestnet Asset Management Inc. now owns 465,279 shares of the sporting goods retailer’s stock worth $7,918,000 after purchasing an additional 428,593 shares during the period. 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.