Cubist Systematic Strategies LLC boosted its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 59.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,080 shares of the sporting goods retailer’s stock after acquiring an additional 5,981 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Dick’s Sporting Goods were worth $640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DKS. Creative Planning increased its stake in Dick’s Sporting Goods by 72.2% during the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after acquiring an additional 1,118 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Dick’s Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after acquiring an additional 653 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in Dick’s Sporting Goods during the first quarter worth approximately $114,000. Nordea Investment Management AB increased its stake in Dick’s Sporting Goods by 0.5% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock worth $203,000 after acquiring an additional 26 shares during the last quarter. Finally, QS Investors LLC increased its stake in Dick’s Sporting Goods by 57,533.3% during the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock worth $207,000 after acquiring an additional 5,178 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors.

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Shares of Dick’s Sporting Goods Inc (NYSE DKS) opened at 26.00 on Friday. Dick’s Sporting Goods Inc has a one year low of $24.60 and a one year high of $62.88. The stock’s 50 day moving average price is $26.82 and its 200 day moving average price is $37.24. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 9.33 and a beta of 0.51.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.62%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is currently 24.29%.

Several brokerages have weighed in on DKS. Wells Fargo & Co set a $29.00 price objective on Dick’s Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Cowen and Company reissued a “hold” rating and set a $28.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, September 28th. BMO Capital Markets reissued an “outperform” rating on shares of Dick’s Sporting Goods in a research note on Thursday, September 14th. ValuEngine cut Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dick’s Sporting Goods in a research note on Thursday, August 24th. Three equities research 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 stock presently has a consensus rating of “Hold” and an average target price of $37.73.

In other news, Director William J. Colombo acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost of $26.25 per share, with a total value of $525,000.00. Following the transaction, the director now owns 323,224 shares in the company, valued at $8,484,630. The transaction was disclosed in a document filed with the SEC, which is available at this link. 23.09% of the stock is currently owned by insiders.

Dick’s Sporting Goods 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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