First Mercantile Trust Co. held its position in Dick’s Sporting Goods Inc (NYSE:DKS) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,200 shares of the sporting goods retailer’s stock at the end of the second quarter. First Mercantile Trust Co.’s holdings in Dick’s Sporting Goods were worth $486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DKS. Creative Planning boosted its position in 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 last quarter. Point72 Asia Hong Kong Ltd purchased a new position in Dick’s Sporting Goods during the first quarter valued at $114,000. James Investment Research Inc. boosted its position in Dick’s Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock valued at $143,000 after buying an additional 200 shares during the last quarter. Verity Asset Management Inc. purchased a new position in Dick’s Sporting Goods during the first quarter valued at $206,000. Finally, Advisory Services Network LLC purchased a new position in Dick’s Sporting Goods during the first quarter valued at $209,000. 76.35% of the stock is currently owned by hedge funds and other institutional investors.

Dick’s Sporting Goods Inc (DKS) opened at 26.87 on Wednesday. The company has a 50-day moving average of $37.10 and a 200-day moving average of $44.68. Dick’s Sporting Goods Inc has a 1-year low of $26.86 and a 1-year high of $62.88. The company has a market capitalization of $3.02 billion, a P/E ratio of 10.41 and a beta of 0.47. Dick’s Sporting Goods also saw some unusual options trading activity on Monday. Stock traders purchased 9,392 put options on the stock. This is an increase of 361% compared to the typical volume of 2,036 put options.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data 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. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. Dick’s Sporting Goods’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. Equities analysts expect that Dick’s Sporting Goods Inc will post $3.63 EPS for the current fiscal year.

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Several research analysts have recently weighed in on DKS shares. B. Riley reaffirmed a “buy” rating and issued a $58.00 price target on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Cowen and Company set a $55.00 price target on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Wednesday, May 17th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $52.00 price target (down previously from $60.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a $67.00 price target on shares of Dick’s Sporting Goods in a report on Monday, May 8th. Finally, Stifel Nicolaus set a $54.00 price target on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Wednesday, May 17th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.36.

About Dick’s Sporting Goods

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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