Insider Promoting: DICK’S Sporting Items, Inc. (NYSE:DKS) EVP Sells 30,578 Shares of Inventory

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Lee J. Belitsky, executive vice president of DICK’s Sporting Goods, Inc. (NYSE:DKS – Get Rating), sold 30,578 shares of the stock in a transaction dated Monday, April 11. The shares sold at an average price of $107.57 for a total transaction of $3,289,275.46. Upon closing of the transaction, the Executive Vice President now directly owns 223,628 shares of the Company, valued at approximately $24,055,663.96. The sale was disclosed in a filing with the SEC, available at this hyperlink.

Shares of DKS stock rose $1.49 on Wednesday to hit $107.16. 1,016,138 shares of the Company were exchanged compared to an average volume of 1,807,560. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 7.72, a price-to-earnings ratio of 1.65 and a beta of 1.68. The company has a 50-day moving average price of $107.25 and a 200-day moving average price of $114.47. The company has a debt to equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.88. DICK’S Sporting Goods, Inc. has a 1 year low of $80.42 and a 1 year high of $147.39.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Tuesday, March 8th. The sporting goods retailer reported $3.64 EPS for the quarter, beating analysts’ consensus estimate of $3.54 by $0.10. The company made $3.35 billion in revenue for the quarter, compared to analysts’ expectations of $3.31 billion. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. The company’s quarterly revenue rose 7.2% year over year. In the same quarter last year, the company generated earnings per share of $2.43. As a group, equity analysts expect Dick’s Sporting Goods, Inc. to report year-to-date earnings per share of $12.65.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record were paid a dividend of $0.488 on Friday, March 18th. That equates to an annualized dividend of $1.95 and a yield of 1.82%. This is a positive change from DICK’S Sporting Goods’ previous quarterly dividend of $0.44. The ex-dividend date was Thursday March 17th. DICK’S Sporting Goods payout rate is currently 14.05%.

A number of equity analysts have recently commented on DKS stock. Stephens lowered his target price on shares of DICK’S Sporting Goods from $138.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 9. Barclays lowered its target price on shares of DICK’S Sporting Goods from $147.00 to $134.00 in a report on Friday, April 1. DA Davidson lowered its target price on shares of DICK’S Sporting Goods from $165.00 to $147.00 in a research note on Wednesday, March 9. Wells Fargo & Company lowered its price target on shares of DICK’S Sporting Goods from $132.00 to $122.00 and issued a research note on Thursday, March 24, giving the company an “Equal Weight” rating. Finally, StockNews.com began coverage of DICK’S Sporting Goods stock in a report on Thursday, March 31st. You give the company a “hold” rating. One analyst has rated the stock with a sell rating, eleven with a hold rating and nine with a buy rating. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target of $135.11.

Major investors have recently bought and sold shares in the company. JustInvest LLC increased its position in shares of DICK’S Sporting Goods by 4.0% during the third quarter. JustInvest LLC now owns 3,217 shares of the sporting goods retailer, valued at $385,000, after buying another 125 shares last quarter. Creative Planning increased its holding in DICK’S Sporting Goods by 0.5% during the third quarter. Creative Planning now owns 25,849 shares of the sporting goods retailer, valued at $3,096,000, having purchased an additional 125 shares during the period. Centric Wealth Management increased its stake in DICK’S Sporting Goods by 0.6% during the first quarter. Centric Wealth Management now owns 21,520 shares of the sporting goods retailer, valued at $2,152,000, having purchased an additional 127 shares during the period. SkyOak Wealth LLC increased its stake in DICK’S Sporting Goods by 5.5% in the fourth quarter. SkyOak Wealth LLC now owns 2,531 shares of the sporting goods retailer, valued at $291,000, having purchased an additional 133 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in DICK’S Sporting Goods by 6.1% during the third quarter. Avantax Advisory Services Inc. now owns 2,372 shares of the sporting goods retailer valued at $285,000 after purchasing an additional 137 shares during the period. Institutional investors own 92.06% of the company’s shares.

DICK’S Sporting Goods Company Profile (get rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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