OLD Mutual Customised Solutions Proprietary Ltd. held its position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,900 shares of the sporting goods retailer’s stock at the end of the first quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Dick’s Sporting Goods were worth $141,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DKS. James Investment Research Inc. increased its stake in shares of Dick’s Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock worth $143,000 after buying an additional 200 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Dick’s Sporting Goods by 232.1% in the first quarter. Integrated Investment Consultants LLC now owns 3,487 shares of the sporting goods retailer’s stock worth $170,000 after buying an additional 2,437 shares in the last quarter. Verity Asset Management Inc. bought a new stake in shares of Dick’s Sporting Goods during the first quarter worth about $206,000. Advisory Services Network LLC bought a new stake in shares of Dick’s Sporting Goods during the first quarter worth about $209,000. Finally, Globeflex Capital L P bought a new stake in shares of Dick’s Sporting Goods during the first quarter worth about $224,000. 79.49% of the stock is currently owned by hedge funds and other institutional investors.

Dick’s Sporting Goods Inc (DKS) traded up 1.64% during midday trading on Thursday, hitting $37.26. 1,739,887 shares of the company were exchanged. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 14.28 and a beta of 0.47. The stock has a 50 day moving average of $38.36 and a 200-day moving average of $45.85. Dick’s Sporting Goods Inc has a 1-year low of $34.55 and a 1-year high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. Equities analysts expect that Dick’s Sporting Goods Inc will post $3.66 earnings per share for the current year.

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DKS has been the subject of several recent analyst reports. Zacks Investment Research upgraded Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Barclays PLC restated an “equal weight” rating and set a $46.00 target price (down from $50.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. B. Riley restated a “buy” rating and set a $58.00 target price on shares of Dick’s Sporting Goods in a research note on Monday, May 22nd. UBS AG cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 16th. Finally, Cowen and Company set a $55.00 price target on Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Wednesday, May 17th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.92.

Dick’s Sporting Goods Company Profile

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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