Clinton Group Inc. lowered its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 18.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 70,604 shares of the sporting goods retailer’s stock after selling 15,602 shares during the quarter. Clinton Group Inc. owned approximately 0.06% of Dick’s Sporting Goods worth $2,812,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DKS. Creative Planning increased its stake in shares of Dick’s Sporting Goods by 72.2% in the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after buying an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Dick’s Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after acquiring an additional 653 shares during the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of Dick’s Sporting Goods during the first quarter worth $114,000. Nordea Investment Management AB lifted its stake in shares of Dick’s Sporting Goods by 0.5% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares during the period. Finally, Verity Asset Management Inc. acquired a new position in shares of Dick’s Sporting Goods during the first quarter valued at $206,000. 77.76% of the stock is currently owned by hedge funds and other institutional investors.

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Dick’s Sporting Goods Inc (NYSE DKS) traded up 0.63% during trading on Monday, hitting $27.18. 262,293 shares of the stock were exchanged. The firm’s 50-day moving average is $29.63 and its 200 day moving average is $40.52. The firm has a market cap of $3.07 billion, a PE ratio of 10.62 and a beta of 0.51. Dick’s Sporting Goods Inc has a 52 week low of $25.94 and a 52 week high of $62.88.

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

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

Several brokerages have weighed in on DKS. Stifel Nicolaus set a $54.00 price objective on Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Thursday, June 15th. Credit Suisse Group reaffirmed a “hold” rating and issued a $55.00 target price on shares of Dick’s Sporting Goods in a research note on Thursday, June 29th. Cleveland Research lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Canaccord Genuity set a $54.00 target price on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Saturday, July 1st. Finally, BMO Capital Markets set a $62.00 price target on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, July 6th. Three investment 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 stock. Dick’s Sporting Goods has a consensus rating of “Hold” and an average target price of $39.67.

In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the purchase, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.09% of the company’s stock.

Dick’s Sporting Goods 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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