Macquarie Group Ltd. lessened its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 15.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 44,396 shares of the sporting goods retailer’s stock after selling 7,815 shares during the period. Macquarie Group Ltd.’s holdings in Dick’s Sporting Goods were worth $1,199,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Creative Planning raised its position 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 valued at $106,000 after purchasing an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 valued at $113,000 after buying an additional 653 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Dick’s Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after buying an additional 2,927 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of 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 valued at $203,000 after buying an additional 26 shares during the last quarter. Finally, QS Investors LLC grew its stake in Dick’s Sporting Goods by 57,533.3% in the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock worth $207,000 after purchasing an additional 5,178 shares in the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.

DKS has been the topic of several research analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $37.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, November 2nd. Forward View upgraded Dick’s Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, November 16th. Barclays restated an “equal weight” rating and issued a $30.00 target price (down previously from $46.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, August 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 price target (down from $55.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus downgraded Dick’s Sporting Goods from a “buy” rating to a “hold” rating and cut their price target for the stock from $54.00 to $28.00 in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, twenty-six have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.92.

Shares of Dick’s Sporting Goods Inc (NYSE DKS) opened at $30.89 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. Dick’s Sporting Goods Inc has a fifty-two week low of $23.88 and a fifty-two week high of $61.89. The firm has a market cap of $3,213.50, a PE ratio of 9.59, a PEG ratio of 1.63 and a beta of 0.57.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. research analysts expect that Dick’s Sporting Goods Inc will post 2.97 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid 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 yield of 2.20%. Dick’s Sporting Goods’s payout ratio is 25.09%.

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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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