Stock Traders Buy High Volume of Put Options on Dick’s Sporting Goods (DKS)

Dick’s Sporting Goods Inc (NYSE:DKS) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 34,975 put options on the company. This represents an increase of approximately 734% compared to the average volume of 4,193 put options.

Dick’s Sporting Goods (DKS) opened at $30.89 on Friday. Dick’s Sporting Goods has a twelve month low of $23.88 and a twelve month high of $61.89. The company has a current ratio of 1.61, a quick ratio of 0.25 and a debt-to-equity ratio of 0.28. The stock has a market cap of $3,234.98, a PE ratio of 9.65, a PEG ratio of 1.65 and a beta of 0.57.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. equities research analysts forecast that Dick’s Sporting Goods will post 2.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.20%. Dick’s Sporting Goods’s payout ratio is 25.09%.

A number of research analysts have recently weighed in on the stock. Wedbush downgraded shares of Dick’s Sporting Goods from an “outperform” rating to a “neutral” rating and set a $29.00 price target on the stock. in a report on Tuesday, August 15th. Canaccord Genuity downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating and dropped their target price for the stock from $52.00 to $27.00 in a report on Tuesday, August 15th. Oppenheimer reiterated a “hold” rating on shares of Dick’s Sporting Goods in a report on Tuesday, August 15th. Bank of America downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a report on Tuesday, August 15th. Finally, Stifel Nicolaus downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating and dropped their target price for the stock from $54.00 to $28.00 in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.92.

Large investors have recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Dick’s Sporting Goods by 72.2% during the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after purchasing an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dick’s 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 acquiring an additional 653 shares in the last quarter. HPM Partners LLC acquired a new stake in shares of Dick’s Sporting Goods during the 2nd quarter valued at about $272,000. Toronto Dominion Bank boosted its position in shares of Dick’s Sporting Goods by 169.2% during the 3rd quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after acquiring an additional 2,927 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Dick’s Sporting Goods during the 3rd quarter valued at about $132,000. Institutional investors own 71.65% of the company’s stock.

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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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