On December 21, Vladimir Rak, Executive Vice President and Chief Financial Officer of Dick’s Sporting Goods, Inc. (NYSE: DKS), sold 29,144 shares of the company’s stock. The stock was bought and sold for a total value of $3,276,659.92, with the average price per share coming in at $112.43. This resulted in the accumulation of cash. As a result of the successful conclusion of the transaction, the executive vice president was able to purchase a total of 48,260 shares in the company. Based on the stock’s current price, the executive vice president’s investment is currently worth $5,425,871.80. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction.
On Tuesday, November 22, Dick’s Sporting Goods (NYSE: DKS) shared the findings of its most recent quarterly financial report with the investing community. The sporting goods retailer reported earnings per share for the quarter of $2.60, which is $0.36 higher than the estimate of $2.24 made by market experts on a consensus basis. The return on equity for Dick’s Sporting Goods was 52.43%, and the net margin for the company was 9.52%. The actual revenue the company brought in for the quarter was $2.96 billion, which is higher than the forecasted revenue of $2.70 billion expected for the company throughout the quarter. Dick’s Sporting Goods, Inc. is expected to generate earnings of 11.93 cents per share during the current fiscal year, according to projections made by industry experts.
Additionally, the company has declared a quarterly dividend, scheduled to be paid out on the next business day, December 30. Therefore, on Friday, December 9, shareholders with their information “recorded” will be eligible to receive a $0.488 dividend payment. An annual calculation reveals that this equates to a dividend payment of $1.95 and a yield of 1.79%. Therefore, the date shareholders will no longer receive dividends is Thursday, December 8. At this time, Dick’s Sporting Goods has a dividend payout ratio (DPR) of 17.21%.
DKS shares saw a price increase of $0.34 per share on Friday, which brought the price to $109.18. The total number of trades in the company’s stock was 13,309, significantly less than the daily average volume of 1,503,600 shares. The price-to-earnings ratio for the company is 9.61, the price-to-earnings-to-growth ratio is 1.88, and the beta value for the company is 1.43. The company’s total value, as measured by its market capitalization, is $8.65 billion. There is a debt-to-equity ratio of 0.69, the quick ratio is 0.59, the current ratio is 1.81, and the quick ratio is 0.59. The ratios for all three categories are on the low side. Dick’s Sporting Goods, Inc. reached a low of $63.45 over the past year, while the company reached a high of $125.15 over the same period. The company’s price has a moving average over the past 50 days of $112.72 and a moving average over the past 200 days of $102.75, respectively.
Several people who work in equity research recently shared their thoughts on the DKS shares.DA Davidson stated in a report released on November 23 that they would be increasing their target price for Dick’s Sporting Goods by $6.00, bringing it from $130.00 to $136.00. Cowen increased their target price for Dick’s Sporting Goods from $150.00 to $155.00 in a report that was published on November 23. In a research report published on November 23, Morgan Stanley upgraded Dick’s Sporting Goods from an “underweight” rating to an “overweight” rating and increased their price target on the company from $125.00 to $135.00. Cowen increased their target price for Dick’s Sporting Goods from $150.00 to $155.00 in a report that was published on November 23. Robert W. Baird increased the price objective for Dick’s Sporting Goods from $115.00 to $120.00 in a study that was made public on November 22, 2018. Before this adjustment, the price target was set at $115.00. The stock has been assigned a “hold” rating by five research analysts, while a “buy” rating has been assigned by fifteen other analysts. According to a report by Bloomberg, the price target for the company has been determined to be $136.55, and the company has been given a rating having a consensus recommendation of “Moderate Buy.”
The purchase and sale of DKS shares have occurred in recent transactions involving significant investors. Byrne Asset Management LLC increased its ownership of Dick’s Sporting Goods during the second quarter by making a new investment of $38,000. This action brought the total amount of Byrne Asset Management LLC’s investments in Dick’s to $80,000. During the second quarter, CoreCap Advisors LLC acquired a new stake in Dick’s Sporting Goods for forty thousand dollars (40,000 USD). During the second quarter of the fiscal year, Northern Oak Wealth Management, Inc. invested in Dick’s Sporting Goods in the amount of $51,000. The Banque Cantonale Vaudoise increased the proportion of Dick’s Sporting Goods stock owned by 108.1% over the second quarter. Banque Cantonale Vaudoise is the current owner of the athletic goods retailer’s inventory. This ownership was achieved by acquiring an additional 388 shares during the preceding quarter. The current holdings of the business amount to 747 shares, and their market value is $56,000. Psagot Value Holdings Ltd. of Israel spent $60,000 during the first three months of the year to acquire a new interest in Dick’s Sporting Goods. This is the last but not the least important point. Institutional investors currently own 75.08% of the company’s shares.
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