Trade Report: Today, Oregon Public Employees Retirement Fund invests in Dick’s Sporting Goods Inc. (DKS) Shares

Today, Oregon Public Employees Retirement Fund invests in Dick’s Sporting Goods Inc. (DKS) Shares

Oregon Public Employees Retirement Fund raised its position in Dick’s Sporting Goods Inc. (NYSE:DKS) by 27.4% during the third quarter, Holdings Channel reports. 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’s holdings in Dick’s Sporting Goods were worth $3,348,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Capstone Asset Management Co. raised its position in 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 worth $442,000 after buying an additional 40 shares in the last quarter. Shelton Capital Management raised its position in 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 worth $432,000 after buying an additional 200 shares in the last quarter. Commonwealth Bank of Australia raised its position in 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 worth $589,000 after buying an additional 200 shares in the last quarter. Pictet Asset Management Ltd. raised its position in 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 worth $1,510,000 after buying an additional 200 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in Dick’s Sporting Goods by 7.0% in the third quarter. Advisory Services Network LLC now owns 3,802 shares of the sporting goods retailer’s stock worth $216,000 after buying an additional 248 shares in the last quarter. 70.79% of the stock is currently owned by institutional investors.

Dick’s Sporting Goods Inc. (NYSE:DKS) traded down 1.66% during mid-day trading on Monday, reaching $59.23. The company’s stock had a trading volume of 1,761,829 shares. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 20.50 and a beta of 0.71. The firm has a 50 day moving average price of $57.33 and a 200 day moving average price of $52.16. Dick’s Sporting Goods Inc. has a 52-week low of $33.44 and a 52-week 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 analysts’ consensus estimates 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 previous year, the company posted $0.45 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Equities research analysts anticipate that Dick’s Sporting Goods Inc. will post $3.10 earnings per share for the current year.

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

DKS has been the subject of a number of recent research reports. B. Riley restated a “buy” rating and set a $66.00 target price on shares of Dick’s Sporting Goods in a research report on Wednesday, August 17th. RBC Capital Markets restated an “outperform” rating and set a $66.00 target price (up previously from $59.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, August 17th. Zacks Investment Research downgraded Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday. Cleveland Research upgraded Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Friday, August 5th. Finally, Forward View set a $64.00 target price on Dick’s Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $61.26.

In related news, CFO Lee J. Belitsky sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $58.50, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lauren R. Hobart sold 24,015 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 57,930 shares of the company’s stock, valued at $3,386,008.50. The disclosure for this sale can be found here. 22.96% of the stock is owned by corporate insiders.

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.

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