Insider Buying: Vincent C. Byrd Purchases 2,500 Shares of Dicks Sporting Goods Stock (DKS)
Dicks Sporting Goods (NYSE:DKS) Director Vincent C. Byrd bought 2,500 shares of Dicks Sporting Goods stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average cost of $44.30 per share, with a total value of $110,750.00. Following the acquisition, the director now directly owns 9,366 shares of the company’s stock, valued at approximately $414,914. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Dicks Sporting Goods (NYSE:DKS) traded up 0.60% during mid-day trading on Wednesday, hitting $44.51. The stock had a trading volume of 1,220,317 shares. Dicks Sporting Goods has a 52 week low of $42.33 and a 52 week high of $58.87. The stock’s 50-day moving average is $49.50 and its 200-day moving average is $53.36. The company has a market cap of $5.392 billion and a price-to-earnings ratio of 16.14.
Dicks Sporting Goods (NYSE:DKS) last released its earnings data on Tuesday, May 20th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted $0.48 earnings per share. Dicks Sporting Goods’s revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that Dicks Sporting Goods will post $2.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Friday, June 6th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, June 4th.
Several analysts have recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Dicks Sporting Goods from $65.00 to $51.00 in a research note on Thursday, May 22nd. They now have a “positive” rating on the stock. Separately, analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Dicks Sporting Goods in a research note on Thursday, May 22nd. Finally, analysts at Barclays cut their price target on shares of Dicks Sporting Goods from $60.00 to $50.00 in a research note on Thursday, May 22nd. They now have an “overweight” rating on the stock. Fourteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $52.50.
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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