7,900 Shares in Dick’s Sporting Goods Inc (DKS) Acquired by Beck Capital Management LLC

Beck Capital Management LLC acquired a new stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,900 shares of the sporting goods retailer’s stock, valued at approximately $213,000.

A number of other large investors have also recently modified their holdings of the stock. Creative Planning lifted its position in Dick’s Sporting Goods by 72.2% during the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after purchasing an additional 1,118 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Dick’s Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares during the last quarter. Toronto Dominion Bank lifted its position in Dick’s Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after purchasing an additional 2,927 shares during the last quarter. Nordea Investment Management AB lifted its position in Dick’s Sporting Goods by 0.5% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after purchasing an additional 26 shares during the last quarter. Finally, QS Investors LLC lifted its position in Dick’s Sporting Goods by 57,533.3% during the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after purchasing an additional 5,178 shares during the last quarter. 71.65% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the stock. MKM Partners lowered shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and dropped their target price for the company from $47.00 to $30.00 in a research report on Tuesday, August 15th. Citigroup lowered shares of 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. Buckingham Research lowered shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Wednesday, August 16th. Guggenheim restated a “neutral” rating on shares of Dick’s Sporting Goods in a report on Wednesday, August 16th. Finally, BMO Capital Markets set a $37.00 price objective on shares of Dick’s Sporting Goods and gave the stock an “outperform” rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, twenty-six have given a hold rating and six have given a buy rating to the stock. Dick’s Sporting Goods currently has an average rating of “Hold” and a consensus target price of $31.92.

Dick’s Sporting Goods Inc (DKS) traded up $0.07 during trading hours on Thursday, hitting $30.12. 3,171,300 shares of the stock were exchanged, compared to its average volume of 3,053,383. The stock has a market cap of $3,227.46, a P/E ratio of 9.63, a PEG ratio of 1.64 and a beta of 0.57. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. Dick’s Sporting Goods Inc has a 12-month low of $23.88 and a 12-month high of $62.80.

Dick’s Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. analysts expect that Dick’s Sporting Goods Inc will post 2.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Thursday, December 7th. Dick’s Sporting Goods’s payout ratio is 25.09%.

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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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