DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report)'s stock price dropped 5.5% on Monday . The stock traded as low as $202.98 and last traded at $202.98. Approximately 762,516 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 1,158,051 shares. The stock had previously closed at $214.85.
Analyst Ratings Changes
DKS has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of DICK'S Sporting Goods in a report on Friday, April 12th. They issued a "hold" rating and a $211.00 price target on the stock. TD Cowen boosted their target price on shares of DICK'S Sporting Goods from $224.00 to $266.00 and gave the company a "buy" rating in a report on Thursday, May 30th. Morgan Stanley boosted their target price on shares of DICK'S Sporting Goods from $235.00 to $245.00 and gave the company an "overweight" rating in a report on Thursday, May 30th. Robert W. Baird boosted their target price on shares of DICK'S Sporting Goods from $225.00 to $235.00 and gave the company a "neutral" rating in a report on Thursday, May 30th. Finally, Bank of America upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and boosted their target price for the company from $225.00 to $240.00 in a report on Wednesday, May 29th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $237.09.
Check Out Our Latest Stock Analysis on DICK'S Sporting Goods
DICK'S Sporting Goods Trading Down 5.7 %
The stock has a 50-day simple moving average of $209.28 and a two-hundred day simple moving average of $186.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The firm has a market cap of $16.51 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65.
DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.94 by $0.36. DICK'S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm earned $3.40 EPS. DICK'S Sporting Goods's revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.76 EPS for the current year.
DICK'S Sporting Goods Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, June 14th. DICK'S Sporting Goods's payout ratio is currently 36.42%.
Insider Activity
In other news, EVP Julie Lodge-Jarrett sold 4,910 shares of the company's stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company's stock, valued at approximately $3,664,218.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 32.03% of the company's stock.
Institutional Investors Weigh In On DICK'S Sporting Goods
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DKS. Envestnet Asset Management Inc. increased its holdings in DICK'S Sporting Goods by 11.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 75,122 shares of the sporting goods retailer's stock worth $8,157,000 after acquiring an additional 7,909 shares in the last quarter. Natixis Advisors L.P. increased its holdings in DICK'S Sporting Goods by 30.8% in the 3rd quarter. Natixis Advisors L.P. now owns 20,529 shares of the sporting goods retailer's stock worth $2,229,000 after acquiring an additional 4,839 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in DICK'S Sporting Goods by 41.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,592 shares of the sporting goods retailer's stock worth $499,000 after acquiring an additional 1,357 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in DICK'S Sporting Goods by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 32,511 shares of the sporting goods retailer's stock worth $3,530,000 after acquiring an additional 146 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in DICK'S Sporting Goods by 74.1% in the 3rd quarter. Bank of Nova Scotia now owns 5,637 shares of the sporting goods retailer's stock worth $612,000 after acquiring an additional 2,399 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.
DICK'S Sporting Goods Company Profile
(Get Free Report)
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.
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