Deutsche Bank AG reduced its stake in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 96.7% in the 4th quarter, HoldingsChannel reports. The fund owned 28,798 shares of the sporting goods retailer’s stock after selling 856,883 shares during the quarter. Deutsche Bank AG’s holdings in Dicks Sporting Goods were worth $895,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DKS. Norges Bank acquired a new position in Dicks Sporting Goods during the 4th quarter worth $49,764,000. Boston Partners grew its holdings in Dicks Sporting Goods by 58.8% during the 4th quarter. Boston Partners now owns 3,324,592 shares of the sporting goods retailer’s stock worth $103,728,000 after acquiring an additional 1,230,592 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Dicks Sporting Goods by 2,975.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 945,235 shares of the sporting goods retailer’s stock worth $30,000 after acquiring an additional 914,503 shares in the last quarter. Brown Advisory Inc. acquired a new position in Dicks Sporting Goods during the 4th quarter worth $14,913,000. Finally, Dimensional Fund Advisors LP grew its holdings in Dicks Sporting Goods by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,810,276 shares of the sporting goods retailer’s stock worth $150,081,000 after acquiring an additional 437,629 shares in the last quarter. 82.58% of the stock is owned by institutional investors.

NYSE DKS opened at $35.97 on Thursday. Dicks Sporting Goods Inc has a one year low of $29.69 and a one year high of $41.21. The company has a quick ratio of 0.20, a current ratio of 1.41 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $3.45 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.87 and a beta of 0.55.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, March 12th. The sporting goods retailer reported $1.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.07. Dicks Sporting Goods had a net margin of 3.79% and a return on equity of 16.88%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same period in the previous year, the business posted $1.22 EPS. The company’s quarterly revenue was down 5.7% on a year-over-year basis. Equities analysts forecast that Dicks Sporting Goods Inc will post 3.26 EPS for the current year.

Several research analysts have weighed in on DKS shares. Zacks Investment Research lowered shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Telsey Advisory Group reissued an “outperform” rating and set a $41.00 price objective (down from $44.00) on shares of Dicks Sporting Goods in a report on Wednesday, March 13th. Finally, Citigroup started coverage on shares of Dicks Sporting Goods in a report on Wednesday, April 10th. They set a “neutral” rating and a $40.00 price objective for the company. Thirteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.17.

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Dicks Sporting Goods Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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