Delta Lloyd Asset Management N.V. Buys Shares of 15,652 Dick’s Sporting Goods Inc (DKS)

Delta Lloyd Asset Management N.V. purchased a new stake in Dick’s Sporting Goods Inc (NYSE:DKS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,652 shares of the sporting goods retailer’s stock, valued at approximately $623,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in DKS. Schwab Charles Investment Management Inc. increased its stake in Dick’s Sporting Goods by 6.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock valued at $14,253,000 after purchasing an additional 18,198 shares during the period. Baird Financial Group Inc. increased its stake in Dick’s Sporting Goods by 16.5% in the first quarter. Baird Financial Group Inc. now owns 63,312 shares of the sporting goods retailer’s stock valued at $3,081,000 after purchasing an additional 8,984 shares during the period. Manning & Napier Advisors LLC increased its stake in Dick’s Sporting Goods by 1,173.1% in the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock valued at $41,580,000 after purchasing an additional 961,955 shares during the period. Diversified Investment Strategies LLC boosted its holdings in shares of Dick’s Sporting Goods by 11.0% in the second quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock valued at $3,078,000 after acquiring an additional 7,675 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Dick’s Sporting Goods by 1,779.5% in the first quarter. Lazard Asset Management LLC now owns 70,782 shares of the sporting goods retailer’s stock valued at $3,443,000 after acquiring an additional 67,016 shares in the last quarter. Institutional investors and hedge funds own 77.74% of the company’s stock.

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

Several brokerages have recently weighed in on DKS. Canaccord Genuity set a $54.00 target price on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a report on Saturday, July 1st. B. Riley reissued a “buy” rating and set a $58.00 price objective on shares of Dick’s Sporting Goods in a report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) cut shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and cut their target price for the stock from $49.00 to $30.00 in a research report on Wednesday, August 16th. Forward View restated a “sell” rating and set a $25.00 target price on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Finally, Wedbush lowered shares of Dick’s Sporting Goods from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Tuesday, August 15th. Four equities research 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 company’s stock. Dick’s Sporting Goods currently has a consensus rating of “Hold” and an average price target of $40.93.

Dick’s Sporting Goods Inc (NYSE DKS) traded up 2.45% during mid-day trading on Friday, hitting $27.99. 498,534 shares of the stock were exchanged. Dick’s Sporting Goods Inc has a 12-month low of $25.94 and a 12-month high of $62.88. The stock has a market capitalization of $3.06 billion, a P/E ratio of 10.04 and a beta of 0.52. The firm has a 50-day moving average price of $30.45 and a 200-day moving average price of $41.16.

Dick’s Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the 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 the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. Dick’s Sporting Goods’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts predict that Dick’s Sporting Goods Inc will post $2.90 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.68 dividend on an annualized basis and a yield of 2.49%. Dick’s Sporting Goods’s payout ratio is currently 24.29%.

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.

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

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