Yesterday it was reported that the Chairman & CEO of Dick’s Sporting Goods (DKS), Edward Stack, exercised options to sell 31,120 DKS shares at $55.29 a share, for a total transaction value of $2.08M.
Following Edward Stack’s last DKS Sell transaction on March 20, 2017, the stock climbed by 22.8%. In addition to Edward Stack, 3 other DKS executives reported Sell trades in the last month.
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Based on Dick’s Sporting Goods’ latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $2.41 billion and quarterly net profit of $177 million. In comparison, last year the company earned revenue of $1.96 billion and had a net profit of $57.58 million. The company has a one-year high of $67.75 and a one-year low of $13.46. DKS’s market cap is $5.9 billion and the company has a P/E ratio of 16.50.
Based on 12 analyst ratings, the analyst consensus is Hold with an average price target of $65.18, reflecting a 1.8% upside.
The insider sentiment on Dick’s Sporting Goods has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Dick’s Sporting Goods, Inc. engages in the retail of extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.