BNP Paribas Arbitrage SA reduced its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 28.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,833 shares of the sporting goods retailer’s stock after selling 58,982 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.13% of Dick’s Sporting Goods worth $6,048,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Somerset Trust Co raised its position 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 buying an additional 30 shares during the period. LS Investment Advisors LLC raised its position in Dick’s Sporting Goods by 0.3% in the first quarter. LS Investment Advisors LLC now owns 9,562 shares of the sporting goods retailer’s stock worth $465,000 after buying an additional 31 shares during the period. Municipal Employees Retirement System of Michigan raised its position 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 buying an additional 130 shares during the period. US Bancorp DE raised its position 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 buying an additional 174 shares during the period. Finally, James Investment Research Inc. raised its position in 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 during the period. 76.35% of the stock is owned by hedge funds and other institutional investors.

Dick’s Sporting Goods Inc (NYSE:DKS) opened at 26.53 on Thursday. Dick’s Sporting Goods Inc has a 12-month low of $25.94 and a 12-month high of $62.88. The firm’s 50-day moving average price is $35.02 and its 200 day moving average price is $43.67. The stock has a market capitalization of $2.87 billion, a P/E ratio of 9.52 and a beta of 0.47.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.56%. Dick’s Sporting Goods’s payout ratio is 24.29%.

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A number of research firms have recently weighed in on DKS. UBS AG lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 16th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dick’s Sporting Goods in a research note on Saturday, May 13th. B. Riley reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Dick’s Sporting Goods in a research note on Friday, May 12th. Barclays PLC reaffirmed an “equal weight” rating and issued a $46.00 price objective (down previously from $50.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $55.00 price objective (down previously from $65.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Four analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $42.57.

In other Dick’s Sporting Goods news, Director William J. Colombo bought 20,000 shares of Dick’s Sporting Goods stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of $26.25 per share, for a total transaction 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 SEC, which is available at this link. Insiders own 23.09% of the company’s stock.

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.

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

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