Insider Filings: Dicks Sporting Goods Inc (NYSE:DKS) director William Colombo, Sold $3,134,930 in Stock

November 28, 2016 - By olga

Insider Filings: Dicks Sporting Goods Inc (NYSE:DKS) director William Colombo, Sold $3,134,930 in Stock

William Colombo Insider Sell

Dicks Sporting Goods Inc’s director William Colombo unloaded 52,156 shares of the Pinksheet-listed company in a stock market deal dated November 28, 2016. The reported shares were sold at the average stock price of $60.1, for a total transaction of $3,134,930. William is trying to decrease his company’s share, same as he did in the last 30 days. He sold another 52,844 shares worth $3,204,538 USD. Obviously, the transaction attracted interest, as Mr. William currently has in hand 310,763 shares, accounting for 0.29% of Dicks Sporting Goods Inc’s total market capitalization. The original report was revealed on November 28, 2016 with the D.C. based-SEC and is now freely available for review here.

Dicks Sporting Goods Inc (NYSE:DKS) Ratings Coverage

Out of 24 analysts covering Dick’s Sporting Goods Inc. (NYSE:DKS), 16 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 67% are positive. $68 is the highest target while $38 is the lowest. The $55.78 average target is -5.75% below today’s ($59.18) stock price. Dick’s Sporting Goods Inc. has been the topic of 65 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Dicks Sporting Goods Inc (NYSE:DKS) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, August 17. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”. As per Friday, May 20, the company rating was maintained by Brean Capital. The firm earned “Market Perform” rating on Monday, July 27 by Cowen & Co. The rating was upgraded by Monness Crespi & Hardt on Thursday, November 19 to “Buy”. Oppenheimer upgraded the stock to “Outperform” rating in Thursday, September 15 report. The rating was upgraded by Goldman Sachs on Friday, May 20 to “Buy”. The stock has “Equal-Weight” rating given by Barclays Capital on Wednesday, August 17. RBC Capital Markets maintained the shares of DKS in a report on Wednesday, November 16 with “Outperform” rating. UBS maintained the shares of DKS in a report on Wednesday, November 18 with “Buy” rating.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.14, from 1.04 in 2016Q1. The ratio dived, as 53 funds sold all Dicks Sporting Goods Inc shares owned while 131 reduced positions. 56 funds bought stakes while 135 increased positions. They now own 80.43 million shares or 5.13% less from 84.78 million shares in 2016Q1.

Citadel Advisors Limited Liability Company has invested 0.08% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). Tudor Invest Corporation Et Al, a Connecticut-based fund reported 23,871 shares. Wealthtrust last reported 0.01% of its portfolio in the stock. State Of Alaska Department Of Revenue has invested 0.13% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS). Passport Capital Ltd holds 0.01% or 12,824 shares in its portfolio. Pensionfund Dsm Netherlands accumulated 72,800 shares or 0.44% of the stock. Midas Mgmt Corporation holds 1.29% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS) for 50,600 shares. Tyvor Capital Limited Liability Corp holds 0.6% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS) for 41,849 shares. Schwab Charles Inv Mngmt holds 261,780 shares or 0.01% of its portfolio. Smith Graham And Company Invest Limited Partnership reported 88,630 shares or 0.55% of all its holdings. Carnegie Cap Asset Management Ltd Limited Liability Company holds 0.28% or 40,173 shares in its portfolio. Alyeska Gru Lp accumulated 0.42% or 905,006 shares. Envestnet Asset Management last reported 36,956 shares in the company. Raymond James Finance Serv Advsrs holds 0% of its portfolio in Dicks Sporting Goods Inc (NYSE:DKS) for 5,831 shares. Fred Alger owns 136,663 shares or 0.03% of their US portfolio.

Insider Transactions: Since August 23, 2016, the stock had 0 insider purchases, and 4 insider sales for $6.41 million net activity. Willoughby Michele also sold $2.16M worth of Dicks Sporting Goods Inc (NYSE:DKS) on Tuesday, August 23. $1.40 million worth of Dicks Sporting Goods Inc (NYSE:DKS) was sold by Hobart Lauren R on Wednesday, November 16. $877,500 worth of Dicks Sporting Goods Inc (NYSE:DKS) shares were sold by Belitsky Lee J. On Tuesday, November 22 the insider COLOMBO WILLIAM J sold $1.97 million.

About 1.76M shares traded hands. Dicks Sporting Goods Inc (NYSE:DKS) has risen 31.74% since April 25, 2016 and is uptrending. It has outperformed by 25.72% the S&P500.

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 has a market cap of $6.71 billion. The Firm 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. It has a 20.52 P/E ratio. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear.

According to Zacks Investment Research, “Dick’s Sporting Goods is a leading full-line sporting goods retailer in the United States.”

Analysts await Dicks Sporting Goods Inc (NYSE:DKS) to report earnings on March, 14. They expect $1.30 earnings per share, up 15.04% or $0.17 from last year’s $1.13 per share. DKS’s profit will be $147.40 million for 11.38 P/E if the $1.30 EPS becomes a reality. After $0.48 actual earnings per share reported by Dicks Sporting Goods Inc for the previous quarter, Wall Street now forecasts 170.83% EPS growth.

More notable recent Dicks Sporting Goods Inc (NYSE:DKS) news were published by: Techcrunch.com which released: “Dick’s Sporting Goods acquires mobile scorekeeping company GameChanger Media” on November 28, 2016, also Fool.com with their article: “Dick’s Sporting Goods Inc. Fumbles — Why Shares Fell” published on November 16, 2016, Prnewswire.com published: “DICK’S Sporting Goods Launches Sports Matter Green Shoelace Movement To ..” on November 21, 2016. More interesting news about Dicks Sporting Goods Inc (NYSE:DKS) were released by: Seekingalpha.com and their article: “Dick’s Sporting Goods Grows But At What Cost?” published on November 27, 2016 as well as Prnewswire.com‘s news article titled: “DICK’S Sporting Goods Third Quarter Results Call Scheduled for November 15th” with publication date: November 08, 2016.

DKS Company Profile

DICK’S Sporting Goods, Inc., incorporated on November 25, 1996, 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 Firm 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. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear. The Firm offers products to its clients through its retail stores and online.

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