Gotham Asset Management LLC Has $4.31 Million Holdings in Dick’s Sporting Goods Inc (DKS)
Gotham Asset Management LLC boosted its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,182 shares of the sporting goods retailer’s stock after buying an additional 2,538 shares during the period. Gotham Asset Management LLC owned 0.10% of Dick’s Sporting Goods worth $4,309,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd purchased a new stake in Dick’s Sporting Goods during the first quarter worth $114,000. Creative Planning lifted its holdings in Dick’s Sporting Goods by 72.2% during the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after buying an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings 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 during the period. HPM Partners LLC purchased a new stake in Dick’s Sporting Goods during the second quarter worth $272,000. Finally, Globeflex Capital L P purchased a new stake in Dick’s Sporting Goods during the first quarter worth $224,000. Institutional investors own 77.76% of the company’s stock.
In other news, Director William J. Colombo purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the purchase, the director now directly owns 323,224 shares in the company, valued at approximately $8,484,630. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 23.09% of the company’s stock.
Dick’s Sporting Goods Inc (DKS) traded down 2.45% during midday trading on Thursday, hitting $24.68. 338,979 shares of the stock traded hands. The company has a market cap of $2.70 billion, a P/E ratio of 8.86 and a beta of 0.51. The company’s 50 day moving average is $27.04 and its 200-day moving average is $38.14. Dick’s Sporting Goods Inc has a one year low of $24.67 and a one year high of $62.88.
Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) 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 quarter last year, the firm earned $0.82 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts forecast that Dick’s Sporting Goods Inc will post $2.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.69%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 24.29%.
A number of analysts have weighed in on DKS shares. ValuEngine lowered Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dick’s Sporting Goods in a research report on Thursday, September 14th. Telsey Advisory Group downgraded Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $52.00 to $40.00 in a research report on Monday, July 24th. Canaccord Genuity reaffirmed 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. Finally, Cleveland Research downgraded Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Three analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.73.
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.
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