Stock Traders Purchase High Volume of DICK’S Sporting Goods Put Options (NYSE:DKS)

DICK’S Sporting Goods, Inc. (NYSE:DKSGet Free Report) saw unusually large options trading activity on Tuesday. Stock traders purchased 29,304 put options on the company. This represents an increase of 226% compared to the average volume of 8,984 put options.

DICK’S Sporting Goods Stock Down 2.2 %

DKS stock opened at $217.00 on Wednesday. DICK’S Sporting Goods has a one year low of $100.98 and a one year high of $225.79. The stock has a market capitalization of $17.74 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.69 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. The company has a fifty day moving average of $182.24 and a 200-day moving average of $144.74.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last released its earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping the consensus estimate of $3.35 by $0.50. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter last year, the business earned $2.93 EPS. The business’s revenue was up 7.8% on a year-over-year basis. As a group, analysts expect that DICK’S Sporting Goods will post 13.41 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a $1.10 dividend. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.03%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.12%.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on shares of DICK’S Sporting Goods from $190.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a research report on Friday, March 15th. UBS Group increased their target price on shares of DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group increased their target price on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, TD Cowen increased their target price on shares of DICK’S Sporting Goods from $177.00 to $226.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $205.95.

Read Our Latest Stock Analysis on DKS

Insiders Place Their Bets

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the sale, the chief executive officer now directly owns 280,136 shares in the company, valued at approximately $62,736,457.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the sale, the chief executive officer now directly owns 280,136 shares in the company, valued at approximately $62,736,457.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the sale, the senior vice president now owns 11,051 shares in the company, valued at $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold a total of 209,763 shares of company stock worth $46,483,438 in the last ninety days. 30.79% of the stock is owned by corporate insiders.

Institutional Trading of DICK’S Sporting Goods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its holdings in DICK’S Sporting Goods by 1.5% during the 4th quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock valued at $720,000 after acquiring an additional 71 shares in the last quarter. Sei Investments Co. increased its holdings in DICK’S Sporting Goods by 0.3% during the 4th quarter. Sei Investments Co. now owns 25,381 shares of the sporting goods retailer’s stock valued at $3,729,000 after acquiring an additional 72 shares in the last quarter. Atlas Capital Advisors LLC increased its holdings in DICK’S Sporting Goods by 4.8% during the 1st quarter. Atlas Capital Advisors LLC now owns 1,733 shares of the sporting goods retailer’s stock valued at $246,000 after acquiring an additional 79 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in DICK’S Sporting Goods by 0.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,871 shares of the sporting goods retailer’s stock valued at $2,098,000 after acquiring an additional 79 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in DICK’S Sporting Goods by 0.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer’s stock valued at $1,965,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Company Profile

(Get Free Report)

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.

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