Insider Selling: Joseph Schmidt Unloads 6,800 Shares of Dick’s Sporting Goods Stock (DKS)
Dick’s Sporting Goods (NYSE:DKS) COO Joseph Schmidt sold 6,800 shares of Dick’s Sporting Goods stock on the open market in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $53.48, for a total value of $363,664.00. Following the completion of the transaction, the chief operating officer now directly owns 91,394 shares in the company, valued at approximately $4,887,751. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on DKS shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Dick’s Sporting Goods (NYSE:DKS) in a research note to investors on Friday. They now have a $59.00 price target on the stock, up previously from $58.00. Separately, analysts at Citigroup Inc. raised their price target on shares of Dick’s Sporting Goods (NYSE:DKS) to $63.00 in a research note to investors on Thursday, September 19th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse raised their EPS on shares of Dick’s Sporting Goods (NYSE:DKS) in a research note to investors on Thursday, September 19th. They now have a “neutral” rating and a $56.00 price target on the stock.
Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $57.27.
Shares of Dick’s Sporting Goods (NYSE:DKS) traded down 0.55% during mid-day trading on Tuesday, hitting $52.55. The stock had a trading volume of 1,208,877 shares. Dick’s Sporting Goods has a 52 week low of $44.24 and a 52 week high of $54.25. The stock has a 50-day moving average of $49.8 and a 200-day moving average of $49.81. The company has a market cap of $6.595 billion and a P/E ratio of 20.25.
Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.71 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.76 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Dick’s Sporting Goods will post $2.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, September 4th.
DICK’S Sporting Goods, Inc is a sports and fitness specialty omni-channel retailer offering a range of brand name sporting goods equipment, apparel and footwear in a specialty store environment.
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