Dick’s Sporting Goods Inc. (NYSE:DKS) EVP Lauren R. Hobart sold 24,015 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $58.45, for a total value of $1,403,676.75. Following the completion of the transaction, the executive vice president now directly owns 57,930 shares in the company, valued at $3,386,008.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Dick’s Sporting Goods Inc. (NYSE:DKS) traded up 1.40% during mid-day trading on Monday, reaching $58.83. The company had a trading volume of 763,491 shares. The company has a market capitalization of $6.51 billion, a P/E ratio of 20.36 and a beta of 0.71. The stock has a 50 day moving average price of $56.94 and a 200 day moving average price of $51.68. Dick’s Sporting Goods Inc. has a one year low of $33.44 and a one year high of $62.88.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a $0.1513 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.61 annualized dividend and a dividend yield of 1.04%. Dick’s Sporting Goods’s dividend payout ratio is presently 21.11%.

DKS has been the topic of a number of research analyst reports. Stifel Nicolaus raised their target price on Dick’s Sporting Goods from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, August 12th. B. Riley reaffirmed a “buy” rating and issued a $61.00 target price on shares of Dick’s Sporting Goods in a report on Friday, August 12th. Cleveland Research raised Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Friday, August 5th. Goldman Sachs Group Inc. raised their target price on Dick’s Sporting Goods from $53.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Citigroup Inc. raised their target price on Dick’s Sporting Goods from $50.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the stock. Dick’s Sporting Goods presently has a consensus rating of “Buy” and an average target price of $61.26.

Hedge funds have recently modified their holdings of the stock. Capstone Asset Management Co. increased its stake in shares of Dick’s Sporting Goods by 0.4% in the second quarter. Capstone Asset Management Co. now owns 9,812 shares of the sporting goods retailer’s stock valued at $442,000 after buying an additional 40 shares in the last quarter. Utah Retirement Systems increased its stake in shares of Dick’s Sporting Goods by 0.6% in the third quarter. Utah Retirement Systems now owns 15,917 shares of the sporting goods retailer’s stock valued at $903,000 after buying an additional 100 shares in the last quarter. Shelton Capital Management increased its stake in shares of Dick’s Sporting Goods by 2.1% in the second quarter. Shelton Capital Management now owns 9,598 shares of the sporting goods retailer’s stock valued at $432,000 after buying an additional 200 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Dick’s Sporting Goods by 1.6% in the second quarter. Commonwealth Bank of Australia now owns 13,100 shares of the sporting goods retailer’s stock valued at $589,000 after buying an additional 200 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its stake in shares of Dick’s Sporting Goods by 0.6% in the second quarter. Pictet Asset Management Ltd. now owns 35,200 shares of the sporting goods retailer’s stock valued at $1,510,000 after buying an additional 200 shares in the last quarter. Institutional investors own 69.68% of the company’s stock.

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 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.

5 Day Chart for NYSE:DKS

Receive News & Stock Ratings for Dick's Sporting Goods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc. and related stocks with our FREE daily email newsletter.