State of Tennessee Treasury Department increased its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 25.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,098 shares of the sporting goods retailer’s stock after purchasing an additional 25,000 shares during the period. State of Tennessee Treasury Department owned approximately 0.11% of Dick’s Sporting Goods worth $3,325,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Dick’s Sporting Goods by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after purchasing an additional 135,991 shares in the last quarter. Sciencast Management LP bought a new position in Dick’s Sporting Goods in the 2nd quarter worth about $299,000. Manning & Napier Advisors LLC boosted its stake in Dick’s Sporting Goods by 1,173.1% in the 2nd quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after purchasing an additional 961,955 shares in the last quarter. Diversified Investment Strategies LLC boosted its stake in Dick’s Sporting Goods by 11.0% in the 2nd quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock worth $3,078,000 after purchasing an additional 7,675 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Dick’s Sporting Goods by 13.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 196,471 shares of the sporting goods retailer’s stock worth $7,826,000 after purchasing an additional 23,852 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

In other news, Director William J. Colombo bought 20,000 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the transaction, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 23.09% of the stock is currently owned by corporate insiders.

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A number of equities analysts have weighed in on the company. MKM Partners lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $47.00 to $30.00 in a research report on Tuesday, August 15th. Citigroup Inc. lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research report on Wednesday, August 16th. Buckingham Research lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research report on Wednesday, August 16th. Guggenheim reissued a “neutral” rating on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Finally, BMO Capital Markets set a $37.00 target price on Dick’s Sporting Goods and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $33.19.

Dick’s Sporting Goods Inc (NYSE DKS) opened at $27.97 on Friday. Dick’s Sporting Goods Inc has a 52 week low of $23.88 and a 52 week high of $62.80. The company has a quick ratio of 0.24, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2,938.64, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 1.15 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. equities analysts anticipate that Dick’s Sporting Goods Inc will post 2.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.43%. Dick’s Sporting Goods’s dividend payout ratio is currently 25.09%.

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.

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

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