Dupont Capital Management Corp trimmed its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 67.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,382 shares of the sporting goods retailer’s stock after selling 11,363 shares during the period. Dupont Capital Management Corp’s holdings in Dick’s Sporting Goods were worth $145,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Dick’s Sporting Goods by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after acquiring an additional 135,991 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of Dick’s Sporting Goods by 263.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock valued at $224,411,000 after acquiring an additional 4,085,414 shares during the period. Northern Trust Corp lifted its position in shares of Dick’s Sporting Goods by 54.6% during the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after acquiring an additional 1,339,379 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Dick’s Sporting Goods by 10.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,828,157 shares of the sporting goods retailer’s stock valued at $72,815,000 after acquiring an additional 176,439 shares during the period. Finally, Letko Brosseau & Associates Inc. lifted its position in shares of Dick’s Sporting Goods by 49.7% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 1,109,368 shares of the sporting goods retailer’s stock valued at $44,186,000 after acquiring an additional 368,138 shares during the period. Institutional investors own 75.92% of the company’s stock.

In other Dick’s Sporting Goods news, Director William J. Colombo bought 20,000 shares of Dick’s Sporting Goods stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the acquisition, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 23.09% of the company’s stock.

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Dick’s Sporting Goods Inc (DKS) opened at $26.32 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. The firm has a market cap of $2,936.45, a price-to-earnings ratio of 8.14, a P/E/G ratio of 1.18 and a beta of 0.48. Dick’s Sporting Goods Inc has a 1-year low of $23.88 and a 1-year high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.04). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. research analysts forecast that Dick’s Sporting Goods Inc will post 2.88 earnings per share for the current fiscal year.

DKS has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $54.00 price target on shares of Dick’s Sporting Goods in a research report on Thursday, August 10th. Buckingham Research initiated coverage on shares of Dick’s Sporting Goods in a research report on Monday, July 17th. They set a “buy” rating and a $45.00 price target for the company. Canaccord Genuity reiterated a “buy” rating and set a $52.00 price target on shares of Dick’s Sporting Goods in a research report on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and set a $37.00 price target on shares of Dick’s Sporting Goods in a research report on Thursday, November 2nd. Finally, Barclays PLC reiterated an “equal weight” rating and set a $30.00 price target (down from $46.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $36.12.

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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