TIAA CREF Investment Management LLC Has $6.07 Million Position in Dicks Sporting Goods Inc (DKS)

TIAA CREF Investment Management LLC lowered its position in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 89.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 211,334 shares of the sporting goods retailer’s stock after selling 1,751,062 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.20% of Dicks Sporting Goods worth $6,074,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ING Groep NV boosted its holdings in shares of Dicks Sporting Goods by 20.4% in the 4th quarter. ING Groep NV now owns 12,478 shares of the sporting goods retailer’s stock valued at $359,000 after purchasing an additional 2,110 shares during the last quarter. AMP Capital Investors Ltd boosted its holdings in shares of Dicks Sporting Goods by 2.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 90,539 shares of the sporting goods retailer’s stock valued at $2,445,000 after purchasing an additional 2,456 shares during the last quarter. Diversified Investment Strategies LLC boosted its holdings in shares of Dicks Sporting Goods by 2.8% in the 4th quarter. Diversified Investment Strategies LLC now owns 126,025 shares of the sporting goods retailer’s stock valued at $3,622,000 after purchasing an additional 3,400 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Dicks Sporting Goods in the 4th quarter valued at $122,000. Finally, Delpha Capital Management LLC acquired a new position in shares of Dicks Sporting Goods in the 4th quarter valued at $132,000. Hedge funds and other institutional investors own 71.31% of the company’s stock.

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DKS has been the topic of a number of research analyst reports. Citigroup upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $28.00 to $35.00 in a report on Tuesday, December 19th. ValuEngine lowered shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Wells Fargo upgraded shares of Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $26.00 to $35.00 in a report on Wednesday, January 3rd. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price target on shares of Dicks Sporting Goods in a report on Wednesday, January 3rd. Finally, Canaccord Genuity set a $34.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a report on Sunday, January 7th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Dicks Sporting Goods presently has an average rating of “Hold” and a consensus target price of $34.85.

Dicks Sporting Goods stock opened at $32.15 on Tuesday. Dicks Sporting Goods Inc has a 12-month low of $23.88 and a 12-month high of $52.31. The firm has a market cap of $3,529.26, a P/E ratio of 10.88, a PEG ratio of 1.15 and a beta of 0.50. The company has a current ratio of 1.41, a quick ratio of 0.21 and a debt-to-equity ratio of 0.03.

Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. Dicks Sporting Goods had a net margin of 3.77% and a return on equity of 16.86%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the firm posted $1.32 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. equities analysts expect that Dicks Sporting Goods Inc will post 2.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 9th were paid a dividend of $0.225 per share. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.90 annualized dividend and a yield of 2.80%. Dicks Sporting Goods’s payout ratio is 29.90%.

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About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear products and accessories. The company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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