Dick’s Sporting Goods Inc (DKS) Position Boosted by Tredje AP fonden

Tredje AP fonden lifted its holdings in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 8.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,051 shares of the sporting goods retailer’s stock after acquiring an additional 1,331 shares during the quarter. Tredje AP fonden’s holdings in Dick’s Sporting Goods were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Somerset Trust Co raised its holdings in Dick’s Sporting Goods by 0.4% in the second quarter. Somerset Trust Co now owns 7,233 shares of the sporting goods retailer’s stock worth $288,000 after purchasing an additional 30 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Dick’s Sporting Goods by 0.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 40,750 shares of the sporting goods retailer’s stock worth $1,983,000 after purchasing an additional 130 shares in the last quarter. US Bancorp DE raised its holdings in Dick’s Sporting Goods by 0.8% in the second quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock worth $901,000 after purchasing an additional 174 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in Dick’s Sporting Goods by 3.3% in the first quarter. Hillsdale Investment Management Inc. now owns 6,200 shares of the sporting goods retailer’s stock worth $302,000 after purchasing an additional 200 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in Dick’s Sporting Goods by 1.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock worth $694,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 77.74% of the company’s stock.

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DKS has been the subject of a number of research reports. Zacks Investment Research upgraded Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. B. Riley reiterated a “buy” rating and issued a $58.00 price objective on shares of Dick’s Sporting Goods in a report on Monday, May 22nd. Citigroup Inc. downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Dick’s Sporting Goods in a report on Thursday, August 24th. Finally, Monness Crespi & Hardt downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Wednesday, August 16th. Four equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.93.

In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of Dick’s Sporting Goods stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average price of $26.25 per share, with a total value of $525,000.00. Following the acquisition, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.09% of the company’s stock.

Dick’s Sporting Goods Inc (DKS) opened at 27.33 on Friday. The stock has a 50 day moving average price of $30.45 and a 200 day moving average price of $41.16. Dick’s Sporting Goods Inc has a 1-year low of $25.94 and a 1-year high of $62.88. The company has a market cap of $2.99 billion, a P/E ratio of 9.80 and a beta of 0.52.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Dick’s Sporting Goods Inc will post $2.90 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.68 dividend on an annualized basis and a yield of 2.49%. Dick’s Sporting Goods’s payout ratio is 24.29%.

About Dick’s Sporting Goods

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 primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

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