Suntrust Banks Inc. boosted its holdings in Dick’s Sporting Goods Inc (NYSE:DKS) by 213.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,449 shares of the sporting goods retailer’s stock after acquiring an additional 13,242 shares during the quarter. Suntrust Banks Inc.’s holdings in Dick’s Sporting Goods were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. W.G. Shaheen & Associates DBA Whitney & Co raised its position in Dick’s Sporting Goods by 5.4% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 110,843 shares of the sporting goods retailer’s stock worth $4,415,000 after acquiring an additional 5,688 shares in the last quarter. Quantbot Technologies LP bought a new stake in Dick’s Sporting Goods in the second quarter worth about $2,559,000. K2 Principal Fund L.P. bought a new stake in Dick’s Sporting Goods in the second quarter worth about $620,000. MML Investors Services LLC raised its position in Dick’s Sporting Goods by 48.8% in the second quarter. MML Investors Services LLC now owns 7,567 shares of the sporting goods retailer’s stock worth $301,000 after acquiring an additional 2,483 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its position in Dick’s Sporting Goods by 27.8% in the second quarter. ETRADE Capital Management LLC now owns 7,759 shares of the sporting goods retailer’s stock worth $309,000 after acquiring an additional 1,690 shares in the last quarter. Hedge funds and other institutional investors own 77.76% of the company’s stock.

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Several equities research analysts have commented on DKS shares. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Citigroup Inc. cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Wednesday, August 16th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Dick’s Sporting Goods in a research report on Thursday, August 24th. Monness Crespi & Hardt cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 16th. Finally, Guggenheim reiterated 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 issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.92.

Shares of Dick’s Sporting Goods Inc (DKS) opened at 27.62 on Friday. The company has a 50 day moving average price of $27.04 and a 200 day moving average price of $38.66. The company has a market cap of $3.02 billion, a PE ratio of 9.91 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 announced its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.04). Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business posted $0.82 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities analysts expect that Dick’s Sporting Goods Inc will post $2.90 earnings per share for the current year.

The company also recently announced 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 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is presently 24.29%.

In related news, Director William J. Colombo purchased 20,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $26.25 per share, with a total value of $525,000.00. Following the transaction, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 23.09% of the stock is currently owned by company insiders.

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.

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

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