Insider Buying: DICK'S Sporting Goods, Inc. (NYSE:DKS) Director Acquires 1,300 Shares of Stock

DICK'S Sporting Goods, Inc. (NYSE:DKS - Get Free Report) Director Sandeep Mathrani purchased 1,300 shares of the firm's stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $113.54 per share, with a total value of $147,602.00. Following the completion of the purchase, the director now directly owns 6,647 shares in the company, valued at approximately $754,700.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of DKS stock traded down $1.91 on Friday, hitting $111.64. The company had a trading volume of 3,430,408 shares, compared to its average volume of 1,501,538. The firm has a market cap of $9.63 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.43. The company has a 50-day moving average price of $136.06 and a 200-day moving average price of $136.53. The company has a quick ratio of 0.76, a current ratio of 1.81 and a debt-to-equity ratio of 0.56. DICK'S Sporting Goods, Inc. has a twelve month low of $98.01 and a twelve month high of $152.61.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.94). The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.24 billion. DICK'S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $3.68 EPS. As a group, equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.26 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $4.00 annualized dividend and a dividend yield of 3.58%. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 35.49%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. raised its holdings in DICK'S Sporting Goods by 196.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 178 shares of the sporting goods retailer's stock worth $25,000 after purchasing an additional 118 shares during the period. Heritage Wealth Management LLC increased its stake in DICK'S Sporting Goods by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 216 shares of the sporting goods retailer's stock worth $26,000 after buying an additional 108 shares in the last quarter. Quarry LP purchased a new stake in DICK'S Sporting Goods during the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new stake in DICK'S Sporting Goods during the 1st quarter worth approximately $28,000. Finally, Fortis Capital Advisors LLC purchased a new stake in DICK'S Sporting Goods during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 69.98% of the company's stock.

A number of equities research analysts have weighed in on DKS shares. StockNews.com assumed coverage on DICK'S Sporting Goods in a research report on Thursday, August 17th. They set a "hold" rating for the company. Citigroup cut their price target on DICK'S Sporting Goods from $153.00 to $118.00 and set a "neutral" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their price target on DICK'S Sporting Goods from $144.00 to $128.00 and set a "neutral" rating on the stock in a report on Thursday. The Goldman Sachs Group cut their price target on DICK'S Sporting Goods from $164.00 to $145.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company dropped their target price on DICK'S Sporting Goods from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Hold" and a consensus target price of $143.17.

Check Out Our Latest Report on DKS

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider DICK'S Sporting Goods, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DICK'S Sporting Goods wasn't on the list.

While DICK'S Sporting Goods currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.