LSV Asset Management reduced its stake in Dick’s Sporting Goods Inc (NYSE:DKS) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 232,884 shares of the sporting goods retailer’s stock after selling 3,100 shares during the quarter. LSV Asset Management owned 0.21% of Dick’s Sporting Goods worth $9,275,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DKS. Creative Planning grew its stake in shares of Dick’s Sporting Goods by 72.2% in the 2nd 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. Point72 Asia Hong Kong Ltd purchased a new position in shares of Dick’s Sporting Goods in the 1st quarter valued at approximately $114,000. Verity Asset Management Inc. purchased a new position in shares of Dick’s Sporting Goods in the 1st quarter valued at approximately $206,000. Globeflex Capital L P purchased a new position in shares of Dick’s Sporting Goods in the 1st quarter valued at approximately $224,000. Finally, Nordea Investment Management AB grew its stake in shares of Dick’s Sporting Goods by 57.8% in the 1st quarter. Nordea Investment Management AB now owns 5,080 shares of the sporting goods retailer’s stock valued at $247,000 after purchasing an additional 1,860 shares during the last quarter. Institutional investors own 77.74% of the company’s stock.

Shares of Dick’s Sporting Goods Inc (NYSE DKS) opened at 27.74 on Friday. The stock has a market cap of $3.03 billion, a P/E ratio of 9.95 and a beta of 0.52. Dick’s Sporting Goods Inc has a 12 month low of $25.94 and a 12 month high of $62.88. The stock has a 50 day moving average price of $30.19 and a 200-day moving average price of $41.01.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.17 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.45%. Dick’s Sporting Goods’s payout ratio is currently 24.29%.

TRADEMARK VIOLATION WARNING: “LSV Asset Management Has $9.28 Million Holdings in Dick’s Sporting Goods Inc (DKS)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/09/16/lsv-asset-management-has-9-28-million-holdings-in-dicks-sporting-goods-inc-dks.html.

Several research analysts have weighed in on the company. Canaccord Genuity set a $54.00 target price on Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Saturday, July 1st. B. Riley reiterated a “buy” rating and issued a $58.00 target price on shares of Dick’s Sporting Goods in a research note on Monday, May 22nd. Goldman Sachs Group, Inc. (The) downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and lowered their target price for the company from $49.00 to $30.00 in a research note on Wednesday, August 16th. Forward View reiterated a “sell” rating and issued a $25.00 target price on shares of Dick’s Sporting Goods in a research note on Wednesday, August 16th. Finally, Wedbush downgraded Dick’s Sporting Goods from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research note on Tuesday, August 15th. Four 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 company. The company presently has an average rating of “Hold” and a consensus target price of $39.67.

In other Dick’s Sporting Goods news, Director William J. Colombo bought 20,000 shares of Dick’s Sporting Goods stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the acquisition, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.09% of the stock is owned by corporate insiders.

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)

Receive News & Stock Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related stocks with our FREE daily email newsletter.