Nationwide Fund Advisors lowered its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 32.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 164,494 shares of the sporting goods retailer’s stock after selling 78,142 shares during the period. Nationwide Fund Advisors owned approximately 0.15% of Dick’s Sporting Goods worth $6,552,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning lifted its stake in shares of Dick’s Sporting Goods by 72.2% in the second 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. grew its position in 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 buying an additional 653 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in Dick’s Sporting Goods during the first quarter worth about $114,000. Verity Asset Management Inc. acquired a new stake in Dick’s Sporting Goods during the first quarter worth about $206,000. Finally, Globeflex Capital L P acquired a new stake in Dick’s Sporting Goods during the first quarter worth about $224,000. 77.76% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Dick’s Sporting Goods Inc (DKS) Shares Sold by Nationwide Fund Advisors” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/dicks-sporting-goods-inc-dks-shares-sold-by-nationwide-fund-advisors/1604706.html.

Several brokerages have recently weighed in on DKS. Canaccord Genuity set a $54.00 price objective on Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Saturday, July 1st. MKM Partners lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and cut their target price for the company from $47.00 to $30.00 in a research note on Tuesday, August 15th. Citigroup Inc. lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a research note on Wednesday, August 16th. Buckingham Research cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research report on Wednesday, August 16th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have assigned a buy rating to the company’s stock. Dick’s Sporting Goods presently has an average rating of “Hold” and a consensus price target of $39.67.

Shares of Dick’s Sporting Goods Inc (DKS) opened at 27.49 on Tuesday. Dick’s Sporting Goods Inc has a 1-year low of $25.94 and a 1-year high of $62.88. The company has a market capitalization of $3.10 billion, a P/E ratio of 10.74 and a beta of 0.51. The company’s 50 day moving average is $27.24 and its 200-day moving average is $39.11.

Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities research analysts forecast that Dick’s Sporting Goods Inc will post $2.90 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is currently 24.29%.

In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of $26.25 per share, with a total value of $525,000.00. Following the completion of the purchase, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dick’s Sporting Goods Inc (NYSE:DKS).

Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

Receive News & Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.