Dicks Sporting Goods Inc (NYSE:DKS) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 34,975 put options on the company. This represents an increase of 734% compared to the average daily volume of 4,193 put options.
Dicks Sporting Goods (NYSE DKS) traded up $0.75 during midday trading on Tuesday, reaching $29.49. The company had a trading volume of 3,046,212 shares, compared to its average volume of 2,642,550. The company has a market cap of $3,086.76, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.57 and a beta of 0.56. Dicks Sporting Goods has a twelve month low of $23.88 and a twelve month high of $56.25. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. analysts anticipate that Dicks Sporting Goods will post 2.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, December 7th. Dicks Sporting Goods’s payout ratio is presently 25.09%.
A number of institutional investors have recently made changes to their positions in DKS. Creative Planning lifted its holdings in Dicks Sporting Goods by 72.2% during the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after purchasing an additional 1,118 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Dicks Sporting Goods by 30.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares during the last quarter. Toronto Dominion Bank increased its position in Dicks Sporting Goods by 169.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after buying an additional 2,927 shares during the period. Valeo Financial Advisors LLC bought a new position in Dicks Sporting Goods during the 3rd quarter worth $132,000. Finally, Nordea Investment Management AB increased its position in Dicks Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after buying an additional 26 shares during the period. 72.81% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on DKS. Oppenheimer reiterated a “hold” rating on shares of Dicks Sporting Goods in a research note on Tuesday, November 14th. Susquehanna Bancshares dropped their target price on shares of Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Forward View raised shares of Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Thursday, November 16th. BMO Capital Markets reissued an “outperform” rating on shares of Dicks Sporting Goods in a report on Thursday, September 14th. Finally, Citigroup lowered their price target on shares of Dicks Sporting Goods from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and seven have given a buy rating to the company. Dicks Sporting Goods currently has a consensus rating of “Hold” and a consensus target price of $32.28.
About Dicks Sporting Goods
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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