Bank of Montreal Can boosted its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 23.9% during the third quarter, Holdings Channel reports. The fund owned 22,993 shares of the sporting goods retailer’s stock after buying an additional 4,439 shares during the period. Bank of Montreal Can’s holdings in Dick’s Sporting Goods were worth $1,304,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. BlueMountain Capital Management LLC increased its stake in 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. purchased a new stake in Dick’s Sporting Goods during the second quarter valued at $135,000. IFP Advisors Inc increased its stake in 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. Financial Architects Inc increased its stake in 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. Finally, Advisory Services Network LLC increased its stake in Dick’s Sporting Goods by 41.6% in the second quarter. Advisory Services Network LLC now owns 3,554 shares of the sporting goods retailer’s stock valued at $160,000 after buying an additional 1,044 shares during the last quarter. Institutional investors and hedge funds own 70.87% 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) opened at 52.62 on Friday. The firm has a market cap of $5.93 billion, a PE ratio of 18.21 and a beta of 0.71. The stock’s 50 day moving average price is $56.74 and its 200-day moving average price is $55.78. Dick’s Sporting Goods Inc has a 52-week low of $33.70 and a 52-week high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 15th. The sporting goods retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The business 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 business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that Dick’s Sporting Goods Inc will post $3.10 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 9th were given a dividend of $0.1513 per share. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $0.61 dividend on an annualized basis and a yield of 1.15%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 21.11%.

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A number of analysts have recently commented on DKS shares. Guggenheim started coverage on Dick’s Sporting Goods in a research note on Tuesday, September 20th. They issued a “neutral” rating on the stock. Brean Capital reaffirmed a “buy” rating on shares of Dick’s Sporting Goods in a report on Thursday, September 22nd. Off Wall Street initiated coverage on Dick’s Sporting Goods in a report on Thursday, September 29th. They issued a “sell” rating for the company. Zacks Investment Research raised Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Tuesday, October 4th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 price target on shares of Dick’s Sporting Goods in a report on Thursday, October 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.78.

In related news, CFO Lee J. Belitsky sold 15,000 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lauren R. Hobart sold 24,015 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $58.45, for a total transaction of $1,403,676.75. Following 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. Corporate 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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