DICK’S Sporting Goods (NYSE:DKS) Stock Price Down 4.4%

DICK’S Sporting Goods, Inc. (NYSE:DKS) was down 4.4% during trading on Friday . The company traded as low as $206.65 and last traded at $207.67. Approximately 812,170 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 1,116,537 shares. The stock had previously closed at $217.22.

Analyst Ratings Changes

Several brokerages have issued reports on DKS. Wells Fargo & Company lowered their price target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. UBS Group increased their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Robert W. Baird restated a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. Truist Financial increased their price target on DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Finally, Oppenheimer increased their price target on DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Performance

The company has a market capitalization of $17.04 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The stock has a 50-day moving average price of $215.75 and a 200-day moving average price of $211.26.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion for 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 firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.10%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 36.42%.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now owns 5,609 shares in the company, valued at $1,159,099.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 32.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DICK’S Sporting Goods

A number of hedge funds have recently added to or reduced their stakes in DKS. Wells Fargo & Company MN increased its stake in DICK’S Sporting Goods by 11.3% during the 4th quarter. Wells Fargo & Company MN now owns 157,892 shares of the sporting goods retailer’s stock worth $23,202,000 after acquiring an additional 16,035 shares during the period. US Bancorp DE increased its stake in shares of DICK’S Sporting Goods by 1.5% in the 4th quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock valued at $720,000 after purchasing an additional 71 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at $178,000. Hsbc Holdings PLC increased its stake in shares of DICK’S Sporting Goods by 21.7% in the 4th quarter. Hsbc Holdings PLC now owns 21,722 shares of the sporting goods retailer’s stock valued at $3,192,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of DICK’S Sporting Goods by 51.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,692 shares of the sporting goods retailer’s stock valued at $543,000 after purchasing an additional 1,249 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

About DICK’S Sporting Goods

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.