USA Financial Portformulas Corp purchased a new position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,979 shares of the sporting goods retailer’s stock, valued at approximately $676,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its position in Dick’s Sporting Goods by 6.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock worth $14,253,000 after buying an additional 18,198 shares during the last quarter. Vanguard Group Inc. increased its position in Dick’s Sporting Goods by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after buying an additional 135,991 shares during the last quarter. Manning & Napier Advisors LLC increased its position in Dick’s Sporting Goods by 1,173.1% during the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after buying an additional 961,955 shares during the last quarter. Sciencast Management LP acquired a new position in Dick’s Sporting Goods during the second quarter worth approximately $299,000. Finally, Diversified Investment Strategies LLC increased its position in Dick’s Sporting Goods by 11.0% during the second quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock worth $3,078,000 after buying an additional 7,675 shares during the last quarter. 77.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the company. Canaccord Genuity set a $54.00 price target on Dick’s Sporting Goods and gave the stock a “buy” rating in a research report on Saturday, July 1st. MKM Partners downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $47.00 to $30.00 in a research report on Tuesday, August 15th. Citigroup Inc. downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Wednesday, August 16th. Barclays PLC reissued an “equal weight” rating and set a $30.00 price target (down previously from $46.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Finally, BMO Capital Markets set a $37.00 price target on Dick’s Sporting Goods and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have issued a buy rating to the stock. Dick’s Sporting Goods has an average rating of “Hold” and a consensus target price of $37.73.

In related news, Director William J. Colombo acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $26.25 per share, with a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.09% of the company’s stock.

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Shares of Dick’s Sporting Goods Inc (NYSE:DKS) traded up 1.23% on Wednesday, hitting $25.43. The stock had a trading volume of 470,368 shares. The company has a market capitalization of $2.78 billion, a PE ratio of 9.12 and a beta of 0.51. The firm has a 50-day moving average of $26.95 and a 200 day moving average of $37.75. Dick’s Sporting Goods Inc has a 1-year low of $24.60 and a 1-year high of $62.88.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is currently 24.29%.

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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