Traders Buy Large Volume of Dicks Sporting Goods Put Options (NYSE:DKS)

Dicks Sporting Goods Inc (NYSE:DKS) saw unusually large options trading on Wednesday. Traders purchased 17,930 put options on the stock. This represents an increase of 938% compared to the average volume of 1,728 put options.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ING Groep NV boosted its stake in shares of Dicks Sporting Goods by 20.4% during the 4th quarter. ING Groep NV now owns 12,478 shares of the sporting goods retailer’s stock worth $359,000 after acquiring an additional 2,110 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Dicks Sporting Goods by 4.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 51,763 shares of the sporting goods retailer’s stock worth $1,816,000 after acquiring an additional 2,141 shares in the last quarter. Swiss National Bank boosted its stake in shares of Dicks Sporting Goods by 1.9% during the 1st quarter. Swiss National Bank now owns 147,000 shares of the sporting goods retailer’s stock worth $5,152,000 after acquiring an additional 2,800 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Dicks Sporting Goods by 33.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 12,000 shares of the sporting goods retailer’s stock worth $421,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Dicks Sporting Goods by 8.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,318 shares of the sporting goods retailer’s stock worth $1,343,000 after acquiring an additional 3,023 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Several equities research analysts have issued reports on the company. Deutsche Bank lifted their price objective on Dicks Sporting Goods to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. ValuEngine upgraded Dicks Sporting Goods from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 6th. Buckingham Research boosted their price target on Dicks Sporting Goods from $40.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, May 31st. Wedbush restated a “neutral” rating and set a $37.00 price objective (up previously from $32.00) on shares of Dicks Sporting Goods in a research report on Thursday, May 31st. Finally, Citigroup boosted their price target on Dicks Sporting Goods from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, May 31st. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $35.32.



Shares of Dicks Sporting Goods opened at $37.40 on Friday, MarketBeat Ratings reports. The company has a current ratio of 1.65, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18. Dicks Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $41.61. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.23 and a beta of 0.51.

Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 30th. The sporting goods retailer reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.14. Dicks Sporting Goods had a return on equity of 16.98% and a net margin of 3.75%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. equities research analysts expect that Dicks Sporting Goods will post 3.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 8th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.90 annualized dividend and a dividend yield of 2.41%. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 29.90%.

Dicks Sporting Goods Company Profile

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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