CIBC World Markets Inc. acquired a new stake in shares of Dicks Sporting Goods Inc (NYSE:DKS) during the 4th quarter, HoldingsChannel reports. The fund acquired 8,161 shares of the sporting goods retailer’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Okumus Fund Management Ltd. purchased a new position in shares of Dicks Sporting Goods during the third quarter valued at approximately $46,406,000. Dimensional Fund Advisors LP lifted its stake in shares of Dicks Sporting Goods by 58.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock valued at $46,379,000 after buying an additional 636,186 shares during the period. Manning & Napier Advisors LLC lifted its stake in shares of Dicks Sporting Goods by 16.2% during the third quarter. Manning & Napier Advisors LLC now owns 1,213,325 shares of the sporting goods retailer’s stock valued at $32,771,000 after buying an additional 169,370 shares during the period. Prudential Financial Inc. lifted its stake in shares of Dicks Sporting Goods by 316.5% during the third quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock valued at $31,295,000 after buying an additional 880,464 shares during the period. Finally, USS Investment Management Ltd purchased a new position in shares of Dicks Sporting Goods during the fourth quarter valued at approximately $25,871,000. 73.66% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on DKS shares. Wolfe Research downgraded shares of Dicks Sporting Goods from a “peer perform” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research note on Wednesday, November 1st. BMO Capital Markets reissued a “buy” rating and set a $37.00 price objective on shares of Dicks Sporting Goods in a research note on Thursday, November 2nd. Cowen reissued a “hold” rating and set a $28.00 price objective on shares of Dicks Sporting Goods in a research note on Friday, November 3rd. OTR Global downgraded shares of Dicks Sporting Goods to a “neutral” rating in a research note on Monday, November 6th. Finally, Susquehanna Bancshares reduced their price objective on shares of Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. Dicks Sporting Goods has an average rating of “Hold” and an average price target of $33.88.

Dicks Sporting Goods Inc (NYSE:DKS) opened at $31.48 on Friday. Dicks Sporting Goods Inc has a one year low of $23.88 and a one year high of $53.75. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. The company has a market cap of $3,380.00, a price-to-earnings ratio of 11.62, a PEG ratio of 1.84 and a beta of 0.61.

Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Dicks 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 last year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. sell-side analysts forecast that Dicks Sporting Goods Inc will post 2.99 earnings per share for the current year.

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About Dicks Sporting Goods

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 Dicks Sporting Goods (NYSE:DKS)

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