Dick’s Sporting Goods Inc. (NYSE:DKS) CFO Lee J. Belitsky sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $58.50, for a total transaction of $877,500.00. Following the completion of the sale, the chief financial officer now directly owns 131,623 shares of the company’s stock, valued at approximately $7,699,945.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dick’s Sporting Goods Inc. (NYSE:DKS) traded up 1.36% on Monday, hitting $58.81. The company’s stock had a trading volume of 771,364 shares. Dick’s Sporting Goods Inc. has a 12 month low of $33.44 and a 12 month high of $62.88. The firm has a 50 day moving average of $56.94 and a 200-day moving average of $51.68. The stock has a market cap of $6.50 billion, a PE ratio of 20.36 and a beta of 0.71.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Dick’s Sporting Goods had a return on equity of 18.15% and a net margin of 4.25%. The business earned $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company earned $0.45 earnings per share. Dick’s Sporting Goods’s revenue was up 10.2% compared to the same quarter last year. On average, analysts expect that Dick’s Sporting Goods Inc. will post $3.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be issued a dividend of $0.1513 per share. This represents a $0.61 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, December 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 21.11%.

Institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Dick’s Sporting Goods by 2,269.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,808,507 shares of the sporting goods retailer’s stock valued at $272,739,000 after buying an additional 4,605,573 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Dick’s Sporting Goods by 2,970.6% in the third quarter. PNC Financial Services Group Inc. now owns 873,055 shares of the sporting goods retailer’s stock valued at $49,519,000 after buying an additional 844,622 shares during the period. TimesSquare Capital Management LLC purchased a new position in shares of Dick’s Sporting Goods during the second quarter valued at $23,666,000. GLG Partners LP purchased a new position in shares of Dick’s Sporting Goods during the second quarter valued at $19,853,000. Finally, Peregrine Capital Management LLC purchased a new position in shares of Dick’s Sporting Goods during the third quarter valued at $24,156,000. 69.68% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. B. Riley reiterated a “buy” rating and issued a $68.00 price target on shares of Dick’s Sporting Goods in a research report on Monday. Wedbush assumed coverage on shares of Dick’s Sporting Goods in a research report on Tuesday, November 1st. They issued an “outperform” rating and a $65.00 price target on the stock. Vetr upgraded shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Monday, August 15th. BMO Capital Markets boosted their price target on shares of Dick’s Sporting Goods from $52.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Finally, Morgan Stanley boosted their price objective on Dick’s Sporting Goods from $44.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $61.26.

About Dick’s 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 in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

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