Contrarius Investment Management Ltd trimmed its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 94.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,821 shares of the sporting goods retailer’s stock after selling 1,161,268 shares during the period. Contrarius Investment Management Ltd owned about 0.07% of Dicks Sporting Goods worth $2,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Great West Life Assurance Co. Can grew its position in Dicks Sporting Goods by 4.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 51,763 shares of the sporting goods retailer’s stock worth $1,816,000 after purchasing an additional 2,141 shares during the last quarter. Swiss National Bank grew its position in Dicks Sporting Goods by 1.9% in the 1st quarter. Swiss National Bank now owns 147,000 shares of the sporting goods retailer’s stock worth $5,152,000 after purchasing an additional 2,800 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Dicks Sporting Goods by 33.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 12,000 shares of the sporting goods retailer’s stock worth $421,000 after purchasing an additional 3,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Dicks Sporting Goods by 8.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,318 shares of the sporting goods retailer’s stock worth $1,343,000 after purchasing an additional 3,023 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Dicks Sporting Goods by 2.4% in the 1st quarter. Legal & General Group Plc now owns 140,206 shares of the sporting goods retailer’s stock worth $4,915,000 after purchasing an additional 3,267 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Shares of Dicks Sporting Goods stock opened at $37.16 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18. Dicks Sporting Goods Inc has a twelve month low of $23.88 and a twelve month high of $38.99. The stock has a market cap of $3.54 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.13 and a beta of 0.47.

Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, May 30th. The sporting goods retailer reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.14. Dicks Sporting Goods had a net margin of 3.75% and a return on equity of 16.98%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. research analysts forecast that Dicks Sporting Goods Inc will post 3.08 earnings per share for the current year.

Several research firms have issued reports on DKS. ValuEngine upgraded shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research report on Thursday. OTR Global upgraded shares of Dicks Sporting Goods to a “positive” rating in a research report on Wednesday. Deutsche Bank raised their price target on shares of Dicks Sporting Goods to $45.00 and gave the stock a “buy” rating in a research report on Thursday, May 31st. Citigroup raised their price target on shares of Dicks Sporting Goods from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, May 31st. Finally, Wedbush restated a “neutral” rating and issued a $37.00 price target (up from $32.00) on shares of Dicks Sporting Goods in a research report on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $35.67.

About Dicks Sporting Goods

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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