Globeflex Capital L P held its position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,598 shares of the sporting goods retailer’s stock at the close of the second quarter. Globeflex Capital L P’s holdings in Dick’s Sporting Goods were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Dick’s Sporting Goods by 2,879.3% during the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after buying an additional 8,230,087 shares during the period. Vanguard Group Inc. lifted its position in Dick’s Sporting Goods by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after buying an additional 135,991 shares during the period. TIAA CREF Investment Management LLC lifted its position in Dick’s Sporting Goods by 263.8% during the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after buying an additional 4,085,414 shares during the period. Northern Trust Corp lifted its position in Dick’s Sporting Goods by 54.6% during the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after buying an additional 1,339,379 shares during the period. Finally, State Street Corp lifted its position in Dick’s Sporting Goods by 2.2% during the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after buying an additional 69,237 shares during the period. Hedge funds and other institutional investors own 77.76% of the company’s stock.

A number of equities analysts have recently commented on DKS shares. Zacks Investment Research upgraded Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Citigroup Inc. downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Dick’s Sporting Goods in a report on Thursday, August 24th. Monness Crespi & Hardt downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Wednesday, August 16th. Finally, Guggenheim restated a “neutral” rating on shares of Dick’s Sporting Goods in a report on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $39.67.

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Dick’s Sporting Goods Inc (DKS) opened at 27.01 on Friday. The stock has a 50 day moving average price of $29.63 and a 200 day moving average price of $40.52. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 10.55 and a beta of 0.52. Dick’s Sporting Goods Inc has a 12 month low of $25.94 and a 12 month high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.04). Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. On average, equities analysts expect that Dick’s Sporting Goods Inc will post $2.90 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.52%. Dick’s Sporting Goods’s dividend payout ratio is currently 24.29%.

In related news, Director William J. Colombo acquired 20,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the purchase, the director now owns 323,224 shares in the company, valued at approximately $8,484,630. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 23.09% of the company’s stock.

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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