Insider Selling: DICK’S Sporting Goods (NYSE:DKS) Chairman Sells 210,478 Shares of Stock

DICK’S Sporting Goods, Inc. (NYSE:DKS) Chairman Edward Stack sold 210,478 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total transaction of $41,609,395.82. Following the completion of the transaction, the chairman owned 6,549,026 shares in the company, valued at approximately $1,294,676,949.94. The trade was a 3.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

DICK’S Sporting Goods Stock Down 0.6%

NYSE:DKS traded down $1.08 on Thursday, reaching $191.06. 163,462 shares of the stock traded hands, compared to its average volume of 1,191,975. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.81 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month high of $237.31. The company’s fifty day simple moving average is $200.47 and its 200 day simple moving average is $211.63.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.02. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the previous year, the business earned $3.62 earnings per share. The company’s revenue was up 59.9% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a $1.25 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend is Friday, March 27th. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. DICK’S Sporting Goods’s payout ratio is presently 48.92%.

Institutional Trading of DICK’S Sporting Goods

Several hedge funds have recently bought and sold shares of DKS. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $30,000. Clearstead Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after acquiring an additional 46 shares during the period. Root Financial Partners LLC purchased a new stake in DICK’S Sporting Goods in the 3rd quarter worth approximately $33,000. Laurel Wealth Advisors LLC bought a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Finally, Westside Investment Management Inc. raised its stake in DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after acquiring an additional 76 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on DICK’S Sporting Goods from $225.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. DA Davidson set a $260.00 target price on DICK’S Sporting Goods in a research report on Monday, January 12th. Robert W. Baird set a $253.00 price target on DICK’S Sporting Goods in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Friday, March 27th. Finally, UBS Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.21.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.