BlueMountain Capital Management LLC cut its holdings in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 21.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,630 shares of the sporting goods retailer’s stock after selling 3,742 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Dick’s Sporting Goods were worth $543,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DKS. DekaBank Deutsche Girozentrale grew its holdings in Dick’s Sporting Goods by 143.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,023 shares of the sporting goods retailer’s stock valued at $307,000 after buying an additional 3,549 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in Dick’s Sporting Goods by 11.2% in the 1st quarter. Pictet Asset Management Ltd. now owns 31,700 shares of the sporting goods retailer’s stock valued at $1,543,000 after buying an additional 3,200 shares in the last quarter. World Asset Management Inc grew its holdings in Dick’s Sporting Goods by 10.3% in the 1st quarter. World Asset Management Inc now owns 6,782 shares of the sporting goods retailer’s stock valued at $330,000 after buying an additional 634 shares in the last quarter. Karp Capital Management Corp acquired a new position in Dick’s Sporting Goods in the 1st quarter valued at $1,468,000. Finally, TD Asset Management Inc. grew its holdings in Dick’s Sporting Goods by 32.9% in the 1st quarter. TD Asset Management Inc. now owns 88,947 shares of the sporting goods retailer’s stock valued at $4,328,000 after buying an additional 22,000 shares in the last quarter. 77.76% of the stock is currently owned by institutional investors and hedge funds.

DKS has been the topic of a number of research reports. ValuEngine lowered Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus set a $54.00 price objective on Dick’s Sporting Goods and gave the company a “buy” rating in a report on Thursday, June 15th. BidaskClub raised Dick’s Sporting Goods from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Credit Suisse Group reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Dick’s Sporting Goods in a report on Thursday, June 29th. Finally, Canaccord Genuity set a $54.00 price objective on Dick’s Sporting Goods and gave the company a “buy” rating in a report on Saturday, July 1st. Four analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have assigned a buy rating to the stock. Dick’s Sporting Goods has an average rating of “Hold” and an average price target of $39.67.

In related news, Director William J. Colombo bought 20,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average price of $26.25 per share, with a total value of $525,000.00. Following the purchase, the director now owns 323,224 shares in the company, valued at approximately $8,484,630. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.09% of the company’s stock.

Dick’s Sporting Goods Inc (NYSE DKS) opened at 26.87 on Friday. The company has a market capitalization of $2.94 billion, a P/E ratio of 9.64 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’s 50 day moving average price is $29.63 and its 200-day moving average price is $40.52.

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 for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm posted $0.82 EPS. The company’s revenue was up 9.6% on a year-over-year basis. On average, equities research analysts predict that Dick’s Sporting Goods Inc will post $2.90 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is presently 24.29%.

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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.

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

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