Coraopolis, PA — Larry Fitzgerald Jr., a director at Dick's Sporting Goods Inc. (NYSE:DKS), recently acquired additional shares in the company. According to a recent SEC filing, Fitzgerald purchased 230 shares of common stock at a price of $215.0548 each on December 2, 2024. The total transaction amounted to $49,462. The purchase comes as the sporting goods retailer, currently valued at $17.1 billion, trades at $209.49 per share, showing a remarkable 59% return over the past year.
Following this transaction, Fitzgerald now holds 11,526 shares directly. This move reflects continued confidence in the retail giant, which remains a key player in the miscellaneous shopping goods sector. The company maintains strong financial health with a P/E ratio of 14.6 and a steady 2% dividend yield. According to InvestingPro, the stock appears to be trading near its Fair Value, with 12 additional exclusive insights available to subscribers.
Investors often closely monitor insider transactions as they can signal the insider's sentiment about the company's future performance. For a comprehensive analysis of DKS and access to the detailed Pro Research Report covering 1,400+ top stocks, visit InvestingPro.
In other recent news, Dick's Sporting Goods has been in the spotlight due to strong earnings and revenue results. The company reported a 4.8% increase in consolidated net sales to $9.55 billion for the third quarter. Moreover, it raised its full-year guidance, expecting a comparable sales growth of 3.6% to 4.2% and earnings per share between $13.65 and $13.95.
Several analyst firms have adjusted their outlooks on the company. Truist Securities increased its price target slightly to $258, reaffirming a Buy rating. UBS also upgraded the company's stock from Neutral to Buy, raising the price target to $260. Williams Trading echoed this positive sentiment, increasing its price target to $260.
In addition to financial performance, the company has made recent strides in expansion. It plans to open approximately 15 House of Sport locations in 2025, aiming for 75-100 by 2027. About 20 Field House locations are also expected to open in 2025. The company's Game Changer platform showed strong performance with 5.5 million unique active users, marking a 21% increase year-over-year. These developments signal continued growth and strategic positioning for Dick's Sporting Goods.
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