Canandaigua National Bank & Trust Co. decreased its position in Dick’s Sporting Goods Inc. (NYSE:DKS) by 13.2% during the second quarter, Holdings Channel reports. The institutional investor owned 29,566 shares of the sporting goods retailer’s stock after selling 4,491 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Dick’s Sporting Goods were worth $1,332,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Landscape Capital Management L.L.C. purchased a new stake in shares of Dick’s Sporting Goods during the first quarter valued at approximately $422,000. Timucuan Asset Management Inc. FL increased its stake in shares of Dick’s Sporting Goods by 3.6% in the first quarter. Timucuan Asset Management Inc. FL now owns 1,373,678 shares of the sporting goods retailer’s stock valued at $64,219,000 after buying an additional 48,218 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Dick’s Sporting Goods during the first quarter valued at approximately $103,000. JPMorgan Chase & Co. increased its stake in shares of Dick’s Sporting Goods by 54.5% in the first quarter. JPMorgan Chase & Co. now owns 135,000 shares of the sporting goods retailer’s stock valued at $6,310,000 after buying an additional 47,619 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Dick’s Sporting Goods by 1.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 27,798 shares of the sporting goods retailer’s stock valued at $1,300,000 after buying an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

Dick’s Sporting Goods Inc. (NYSE:DKS) traded down 0.05% during midday trading on Tuesday, reaching $60.80. The company had a trading volume of 975,688 shares. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 21.30 and a beta of 0.83. The stock’s 50 day moving average is $57.16 and its 200 day moving average is $48.20. Dick’s Sporting Goods Inc. has a 12-month low of $33.42 and a 12-month high of $61.61.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 16th. The sporting goods retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.13. The business earned $2 billion during the quarter, compared to the consensus estimate of $1.88 billion. Dick’s Sporting Goods had a return on equity of 18.43% and a net margin of 4.32%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. Equities research analysts expect that Dick’s Sporting Goods Inc. will post $3.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 9th will be issued a $0.1513 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.61 dividend on an annualized basis and a yield of 1.00%. Dick’s Sporting Goods’s payout ratio is currently 21.33%.

Several equities research analysts have recently commented on DKS shares. Goldman Sachs Group Inc. restated a “buy” rating and issued a $53.00 target price on shares of Dick’s Sporting Goods in a research note on Monday, July 18th. Cleveland Research upgraded shares of Dick’s Sporting Goods from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Friday, August 5th. Royal Bank Of Canada upgraded shares of Dick’s Sporting Goods from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $56.00 in a research note on Thursday, July 14th. Citigroup Inc. upgraded shares of Dick’s Sporting Goods to an “outperform” rating and set a $75.00 target price on the stock in a research note on Thursday, September 15th. Finally, Vetr downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research note on Monday, July 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have issued a buy rating to the stock. Dick’s Sporting Goods presently has a consensus rating of “Buy” and an average price target of $59.09.

In other Dick’s Sporting Goods news, EVP Michele Willoughby sold 36,737 shares of Dick’s Sporting Goods stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $58.78, for a total value of $2,159,400.86. Following the completion of the sale, the executive vice president now directly owns 98,923 shares in the company, valued at $5,814,693.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.96% of the stock is owned by company insiders.

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 in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

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