Martingale Asset Management L P increased its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 16.0% during the second quarter, HoldingsChannel.com reports. The fund owned 15,318 shares of the sporting goods retailer’s stock after buying an additional 2,116 shares during the period. Martingale Asset Management L P’s holdings in Dicks Sporting Goods were worth $540,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DKS. Commerce Bank bought a new stake in Dicks Sporting Goods in the first quarter worth approximately $208,000. P.A.W. Capital Corp bought a new stake in Dicks Sporting Goods in the second quarter worth approximately $212,000. Suntrust Banks Inc. bought a new stake in Dicks Sporting Goods in the first quarter worth approximately $214,000. Brinker Capital Inc. bought a new stake in Dicks Sporting Goods in the first quarter worth approximately $234,000. Finally, Unison Advisors LLC bought a new stake in Dicks Sporting Goods in the second quarter worth approximately $280,000. 72.23% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their target price on Dicks Sporting Goods from $38.70 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 30th. Deutsche Bank set a $45.00 price objective on Dicks Sporting Goods and gave the company a “buy” rating in a report on Thursday, May 31st. Deutsche Bank boosted their price objective on Dicks Sporting Goods to $45.00 and gave the company a “buy” rating in a report on Thursday, May 31st. Credit Suisse Group set a $35.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a report on Wednesday, May 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Dicks Sporting Goods from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $36.38.

Shares of Dicks Sporting Goods stock opened at $38.52 on Wednesday. Dicks Sporting Goods Inc has a 12-month low of $23.88 and a 12-month high of $38.99. The firm has a market cap of $3.84 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.70 and a beta of 0.43. The company has a quick ratio of 0.24, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, August 29th. The sporting goods retailer reported $1.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.14. Dicks Sporting Goods had a return on equity of 17.72% and a net margin of 3.82%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. Dicks Sporting Goods’s revenue was up .9% compared to the same quarter last year. equities analysts anticipate that Dicks Sporting Goods Inc will post 3.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.90 annualized dividend and a yield of 2.34%. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 29.90%.

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 for scheduling, 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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