Julie Lodge-Jarrett, the Executive Vice President and Chief People & Purpose Officer at Dick’s Sporting Goods, Inc. (NYSE:DKS), recently sold shares worth approximately $1.14 million, according to a recent SEC filing. The transactions took place on January 17, 2025.
Lodge-Jarrett sold a total of 5,000 shares of common stock in two separate transactions. The first transaction involved the sale of 3,000 shares at a weighted average price of $227.68, while the second transaction involved 2,000 shares sold at a weighted average price of $228.46.
Prior to these sales, Lodge-Jarrett acquired 5,000 shares through the exercise of stock options at a price of $12.82 per share, also on January 17, 2025. Following these transactions, Lodge-Jarrett holds a total of 16,504 shares of Dick’s Sporting Goods common stock.
These transactions reflect Lodge-Jarrett’s continued involvement in the company’s stock activities, providing insight into executive-level stock movements at Dick’s Sporting Goods.
In other recent news, Dick’s Sporting Goods has shown strong financial performance with consolidated net sales for the third quarter increasing by 4.8% to $9.55 billion. The company revised its full-year guidance, expecting comparable sales growth of 3.6% to 4.2% and earnings per share between $13.65 and $13.95. Goldman Sachs maintained a Buy rating and a $280.00 price target for the company’s stock, highlighting potential growth in Dick’s Sporting Goods’ Game Changer business. Truist Securities, UBS, and Williams Trading also adjusted their outlooks on Dick’s Sporting Goods, raising their price targets due to the company’s robust growth and promising future prospects.
The company plans to open approximately 15 House of Sport locations in 2025, aiming for 75-100 by 2027, and about 20 Field House locations are also anticipated to open in 2025. The Game Changer platform, which has 5.5 million unique active users, marking a 21% increase year-over-year, has continued to perform strongly.
Analysts from Goldman Sachs, Truist Securities, UBS, and Williams Trading have all highlighted Dick’s Sporting Goods’ potential for sustained growth, citing its unique market position and successful strategic initiatives. These developments are a part of recent advancements in the company’s operations and strategy.
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