Oregon Public Employees Retirement Fund increased its stake in Dick’s Sporting Goods Inc. (NYSE:DKS) by 27.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,033 shares of the sporting goods retailer’s stock after buying an additional 12,703 shares during the period. Oregon Public Employees Retirement Fund owned about 0.05% of Dick’s Sporting Goods worth $3,348,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. BlueMountain Capital Management LLC raised its stake in shares of Dick’s Sporting Goods by 63.6% in the second quarter. BlueMountain Capital Management LLC now owns 2,748 shares of the sporting goods retailer’s stock valued at $124,000 after buying an additional 1,068 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Dick’s Sporting Goods during the second quarter valued at approximately $135,000. Creative Planning raised its stake in shares of Dick’s Sporting Goods by 84.3% in the second quarter. Creative Planning now owns 3,072 shares of the sporting goods retailer’s stock valued at $138,000 after buying an additional 1,405 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Dick’s Sporting Goods by 1,257.6% in the second quarter. IFP Advisors Inc now owns 3,204 shares of the sporting goods retailer’s stock valued at $144,000 after buying an additional 2,968 shares during the last quarter. Finally, Financial Architects Inc raised its stake in shares of Dick’s Sporting Goods by 1,517.1% in the second quarter. Financial Architects Inc now owns 3,412 shares of the sporting goods retailer’s stock valued at $154,000 after buying an additional 3,201 shares during the last quarter. Institutional investors own 70.79% of the company’s stock.

Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

Shares of Dick’s Sporting Goods Inc. (NYSE:DKS) traded down 1.66% during trading on Monday, reaching $59.23. The company had a trading volume of 1,761,829 shares. The stock has a 50 day moving average price of $57.33 and a 200 day moving average price of $52.16. The firm has a market capitalization of $6.55 billion, a PE ratio of 20.50 and a beta of 0.71. Dick’s Sporting Goods Inc. has a 12 month low of $33.44 and a 12 month high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. The business earned $1.87 billion during the quarter, compared to analyst estimates 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 was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. On average, equities research analysts forecast that Dick’s Sporting Goods Inc. will post $3.10 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be issued a dividend of $0.1513 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.61 annualized dividend and a dividend yield of 1.02%. Dick’s Sporting Goods’s dividend payout ratio is 21.11%.

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DKS has been the topic of several recent research reports. B. Riley reiterated a “buy” rating and issued a $66.00 price objective on shares of Dick’s Sporting Goods in a research report on Wednesday, August 17th. Wedbush initiated 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 objective on the stock. Zacks Investment Research lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday. Vetr upgraded shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Monday, August 15th. Finally, Morgan Stanley boosted their price objective on shares of Dick’s Sporting Goods from $44.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have issued a buy rating to the stock. Dick’s Sporting Goods presently has a consensus rating of “Buy” and an average price target of $61.26.

In other news, CFO Lee J. Belitsky sold 15,000 shares of Dick’s Sporting Goods 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 in the company, valued at approximately $7,699,945.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lauren R. Hobart sold 24,015 shares of Dick’s Sporting Goods stock in a transaction dated 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 sale, the executive vice president now owns 57,930 shares of the company’s stock, valued at $3,386,008.50. The disclosure for this sale can be found here. Insiders own 22.96% 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

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