Dicks Sporting Goods Inc (NYSE:DKS) was the target of some unusual options trading on Tuesday. Traders bought 11,765 put options on the company. This represents an increase of 650% compared to the typical volume of 1,569 put options.
A number of research firms have recently commented on DKS. TheStreet upgraded Dicks Sporting Goods from a “c+” rating to a “b-” rating in a research report on Wednesday, November 28th. Stifel Nicolaus restated a “hold” rating and issued a $34.00 price objective on shares of Dicks Sporting Goods in a research report on Monday, November 26th. ValuEngine upgraded Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Raymond James restated a “hold” rating on shares of Dicks Sporting Goods in a research report on Sunday. Finally, Robert W. Baird boosted their price target on Dicks Sporting Goods from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $39.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its stake in shares of Dicks Sporting Goods by 1,041.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,220 shares of the sporting goods retailer’s stock valued at $114,000 after purchasing an additional 2,938 shares during the last quarter. Global X Management Co LLC lifted its stake in shares of Dicks Sporting Goods by 55.1% in the 2nd quarter. Global X Management Co LLC now owns 5,310 shares of the sporting goods retailer’s stock valued at $187,000 after purchasing an additional 1,886 shares during the last quarter. Highlander Capital Management LLC acquired a new position in shares of Dicks Sporting Goods in the 2nd quarter valued at $194,000. Bridgewater Associates LP acquired a new position in shares of Dicks Sporting Goods in the 2nd quarter valued at $201,000. Finally, MML Investors Services LLC acquired a new position in shares of Dicks Sporting Goods in the 3rd quarter valued at $217,000. 78.56% of the stock is currently owned by institutional investors.
NYSE DKS opened at $36.34 on Thursday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.81 and a beta of 0.33. The company has a current ratio of 1.61, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. Dicks Sporting Goods has a fifty-two week low of $28.73 and a fifty-two week high of $39.75.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.13. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. Dicks Sporting Goods had a return on equity of 18.10% and a net margin of 3.87%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. Equities analysts anticipate that Dicks Sporting Goods will post 3.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, December 13th. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 29.90%.
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About Dicks Sporting Goods
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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