Dick’s Sporting Goods Inc (NYSE:DKS) was the recipient of some unusual options trading on Monday. Traders purchased 16,452 call options on the company. This is an increase of 1,104% compared to the average daily volume of 1,367 call options.

Hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its position in shares of Dick’s Sporting Goods by 6.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock valued at $14,253,000 after buying an additional 18,198 shares during the period. Baird Financial Group Inc. increased its position in shares of Dick’s Sporting Goods by 16.5% in the first quarter. Baird Financial Group Inc. now owns 63,312 shares of the sporting goods retailer’s stock valued at $3,081,000 after buying an additional 8,984 shares during the period. Manning & Napier Advisors LLC increased its position in shares of Dick’s Sporting Goods by 1,173.1% in the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock valued at $41,580,000 after buying an additional 961,955 shares during the period. Lazard Asset Management LLC increased its position in shares of Dick’s Sporting Goods by 1,779.5% in the first quarter. Lazard Asset Management LLC now owns 70,782 shares of the sporting goods retailer’s stock valued at $3,443,000 after buying an additional 67,016 shares during the period. Finally, Karp Capital Management Corp purchased a new position in shares of Dick’s Sporting Goods during the first quarter valued at approximately $1,468,000. Institutional investors and hedge funds own 76.35% of the company’s stock.

Dick’s Sporting Goods (DKS) opened at 27.70 on Thursday. The stock’s 50 day moving average price is $36.75 and its 200-day moving average price is $44.56. Dick’s Sporting Goods has a 52 week low of $26.32 and a 52 week high of $62.88. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 10.73 and a beta of 0.47.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by $0.04. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts forecast that Dick’s Sporting Goods will post $3.30 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.68 annualized dividend and a yield of 2.45%. Dick’s Sporting Goods’s payout ratio is 24.29%.

Several research analysts have recently weighed in on DKS shares. Stifel Nicolaus reaffirmed an “outperform” rating and set a $65.00 price objective on shares of Dick’s Sporting Goods in a research report on Sunday, April 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dick’s Sporting Goods in a research report on Monday, May 8th. B. Riley reaffirmed a “buy” rating and set a $64.00 price objective on shares of Dick’s Sporting Goods in a research report on Friday, May 12th. Wedbush reaffirmed an “outperform” rating and set a $68.00 price objective on shares of Dick’s Sporting Goods in a research report on Sunday, May 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dick’s Sporting Goods in a research report on Saturday, May 13th. Four equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.74.

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Dick’s Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

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