In a recent filing with the Securities and Exchange Commission, Dick's Sporting Goods, Inc. (NYSE:DKS) reported that EVP and Chief Technology Officer, Rak Vladimir, sold a total of 19,992 shares of the company's common stock. The transactions, dated May 30, 2024, amounted to over $4.2 million, with shares sold at prices ranging between $220.8713 and $221.6.
In addition to the sale, the filing also disclosed that Vladimir exercised options to acquire 10,011 shares of Dick's Sporting Goods stock at a price of $21.71 per share, a transaction totaling approximately $217,338. This exercise price was adjusted from the original grant date due to a special cash dividend paid by the company on September 24, 2021.
Following these transactions, Vladimir's direct ownership in the company stands at 24,287 shares of common stock. It is worth noting that the options exercised by Vladimir were part of an award that vested in four equal annual installments beginning on May 3, 2021, and are set to expire on May 3, 2027.
The filing provided a detailed footnote explaining that the weighted average sale price of the shares was due to multiple transactions at varying prices. Vladimir has agreed to provide full information regarding the number of shares sold at each separate price upon request.
Investors and security holders of Dick's Sporting Goods can request more detailed information about these transactions from the company or the SEC. The transactions are part of the routine financial disclosures required by company executives and are publicly accessible through the SEC's database.
InvestingPro Insights
Dick's Sporting Goods, Inc. (NYSE:DKS) has been making waves in the market, with EVP and Chief Technology Officer Rak Vladimir's recent stock transactions drawing attention. For investors tracking the company's performance, certain metrics and trends can provide a deeper understanding of its financial health and stock behavior.
InvestingPro data shows that Dick's Sporting Goods has a market capitalization of $18.12 billion, reflecting its substantial presence in the retail industry. The company's P/E ratio stands at 17.81, with an adjusted P/E ratio for the last twelve months as of Q1 2025 at a slightly lower 16.75. This valuation metric is critical as it helps investors gauge the company's earnings relative to its stock price.
An InvestingPro Tip notes that analysts have revised their earnings estimates upwards for the upcoming period, indicating a positive outlook on the company's financial performance. Additionally, the stock has experienced a significant return over the last week, with a 17.04% price total return, highlighting its strong performance in the short term.
With a robust revenue growth of 5.2% over the last twelve months as of Q1 2025, Dick's Sporting Goods demonstrates its ability to increase its top-line figures. This growth is complemented by a solid gross profit margin of 35.05%, showcasing the company's effectiveness in managing its cost of goods sold relative to sales.
For investors seeking more in-depth analysis and additional InvestingPro Tips, there are 22 more tips available on the company's profile at https://www.investing.com/pro/DKS. These tips can provide valuable insights into the company's financial stability, stock performance, and potential investment risks or opportunities. To access these tips and more, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing your investment research with a comprehensive suite of tools and data.
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