2 weeks Ago By ABMN Staff
DICK’S Sporting Goods, Inc. ( NYSE:DKS – Get Free Report ) dropped 4.4% on Friday .
The stock traded as low as $206.65 and last traded at $207.67.
Approximately 812,170 shares traded hands during trading, a decline of 27% from the average daily volume of 1,116,537 shares. The stock had previously closed at $217.22.
Analyst Upgrades and Downgrades Several brokerages have issued reports on DKS. Telsey Advisory Group boosted their target price on shares of DICK’S Sporting Goods from $255.00 to $260.
00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Citigroup reduced their price objective on DICK’S Sporting Goods from $243.00 to $230.
00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. TD Cowen lifted their target price on DICK’S Sporting Goods from $266.00 to $270.
00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Loop Capital increased their price target on shares of DICK’S Sporting Goods from $200.00 to $220.
00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th.
Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.
62. Read Our Latest Report on DKS DICK’S Sporting Goods Stock Down 3.7 % DICK’S Sporting Goods ( NYSE:DKS – Get Free Report ) last posted its earnings results on Wednesday, September 4th.
The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.
60. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.
44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.
46%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis.
During the same period in the previous year, the company earned $2.82 EPS. As a group, equities analysts forecast that DICK’S Sporting Goods, Inc.
will post 13.9 earnings per share for the current fiscal year. DICK’S Sporting Goods Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th.
Investors of record on Friday, September 20th will be issued a dividend of $1.10 per share. This represents a $4.
40 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, September 20th.
DICK’S Sporting Goods’s dividend payout ratio is currently 36.42%. Insider Activity at DICK’S Sporting Goods In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction on Thursday, July 11th.
The shares were sold at an average price of $206.65, for a total transaction of $721,001.85.
Following the completion of the transaction, the director now owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
32.03% of the stock is currently owned by company insiders. Institutional Inflows and Outflows Several institutional investors have recently added to or reduced their stakes in DKS.
Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of DICK’S Sporting Goods by 755.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,000 shares of the sporting goods retailer’s stock valued at $2,363,000 after acquiring an additional 9,714 shares during the period.
American Trust bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at $309,000. Sanctuary Advisors LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter worth $15,129,000. Cetera Investment Advisers increased its holdings in shares of DICK’S Sporting Goods by 54.
6% during the 2nd quarter. Cetera Investment Advisers now owns 11,672 shares of the sporting goods retailer’s stock worth $2,508,000 after purchasing an additional 4,124 shares during the period. Finally, Truist Financial Corp increased its holdings in shares of DICK’S Sporting Goods by 1.
1% during the 2nd quarter. Truist Financial Corp now owns 18,055 shares of the sporting goods retailer’s stock worth $3,879,000 after purchasing an additional 198 shares during the period. 89.
83% of the stock is owned by institutional investors. About DICK’S Sporting Goods ( 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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