Geode Capital Management LLC lowered its position in Dick’s Sporting Goods Inc. (NYSE:DKS) by 16.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 588,709 shares of the sporting goods retailer’s stock after selling 116,602 shares during the period. Geode Capital Management LLC owned approximately 0.51% of Dick’s Sporting Goods worth $27,505,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Investors Inc. PA raised its position in shares of Dick’s Sporting Goods by 0.4% in the fourth quarter. Federated Investors Inc. PA now owns 52,931 shares of the sporting goods retailer’s stock worth $1,871,000 after buying an additional 231 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Dick’s Sporting Goods by 1.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 27,798 shares of the sporting goods retailer’s stock worth $1,300,000 after buying an additional 302 shares in the last quarter. Capital Impact Advisors LLC raised its position in shares of Dick’s Sporting Goods by 1.7% in the first quarter. Capital Impact Advisors LLC now owns 29,811 shares of the sporting goods retailer’s stock worth $1,393,000 after buying an additional 511 shares in the last quarter. Rhumbline Advisers raised its position in shares of Dick’s Sporting Goods by 0.4% in the fourth quarter. Rhumbline Advisers now owns 155,287 shares of the sporting goods retailer’s stock worth $5,489,000 after buying an additional 634 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its position in shares of Dick’s Sporting Goods by 12.6% in the first quarter. Commonwealth Equity Services Inc now owns 8,297 shares of the sporting goods retailer’s stock worth $388,000 after buying an additional 930 shares in the last quarter.
Dick’s Sporting Goods Inc. (NYSE:DKS) traded down 0.99% on Wednesday, reaching $50.19. The company’s stock had a trading volume of 1,192,771 shares. The firm has a market capitalization of $5.73 billion and a PE ratio of 17.87. The stock’s 50 day moving average is $45.11 and its 200-day moving average is $43.24. Dick’s Sporting Goods Inc. has a 52 week low of $33.42 and a 52 week high of $53.83.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Friday, June 10th were given a dividend of $0.1513 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.61 dividend on an annualized basis and a yield of 1.21%.
A number of brokerages recently weighed in on DKS. Deutsche Bank AG reaffirmed a “buy” rating on shares of Dick’s Sporting Goods in a report on Monday, May 2nd. B. Riley reiterated a “buy” rating and set a $51.00 target price on shares of Dick’s Sporting Goods in a research report on Tuesday, May 17th. Royal Bank Of Canada reiterated a “hold” rating on shares of Dick’s Sporting Goods in a research report on Sunday, May 22nd. Sterne Agee CRT reiterated a “buy” rating and set a $55.00 target price on shares of Dick’s Sporting Goods in a research report on Monday, May 16th. Finally, Vetr upgraded Dick’s Sporting Goods from a “buy” rating to a “strong-buy” rating and set a $51.50 target price on the stock in a research report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $50.18.
DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories. The Company offers hardlines, such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear. The Company also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores.
