ARP Americas LP Acquires New Holdings in Dicks Sporting Goods Inc (DKS)

ARP Americas LP acquired a new stake in shares of Dicks Sporting Goods Inc (NYSE:DKS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,800 shares of the sporting goods retailer’s stock, valued at approximately $483,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its holdings in Dicks Sporting Goods by 812.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,469,346 shares of the sporting goods retailer’s stock valued at $70,969,000 after purchasing an additional 2,198,746 shares during the last quarter. Okumus Fund Management Ltd. purchased a new stake in Dicks Sporting Goods during the third quarter valued at about $46,406,000. Dimensional Fund Advisors LP lifted its holdings in Dicks Sporting Goods by 58.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock valued at $46,379,000 after purchasing an additional 636,186 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Dicks Sporting Goods by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,669,928 shares of the sporting goods retailer’s stock valued at $47,995,000 after purchasing an additional 4,794 shares during the last quarter. Finally, Manning & Napier Advisors LLC lifted its holdings in Dicks Sporting Goods by 16.2% during the third quarter. Manning & Napier Advisors LLC now owns 1,213,325 shares of the sporting goods retailer’s stock valued at $32,771,000 after purchasing an additional 169,370 shares during the last quarter. 75.63% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Oppenheimer reaffirmed a “hold” rating on shares of Dicks Sporting Goods in a report on Wednesday, January 24th. UBS Group raised shares of Dicks Sporting Goods from a “neutral” rating to a “positive” rating in a report on Tuesday, January 23rd. Susquehanna Bancshares raised shares of Dicks Sporting Goods from a “neutral” rating to a “positive” rating and upped their price objective for the company from $25.00 to $41.00 in a report on Tuesday, January 23rd. Telsey Advisory Group raised shares of Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $25.00 to $42.00 in a report on Thursday, January 25th. Finally, Cowen set a $34.00 price objective on shares of Dicks Sporting Goods and gave the company a “hold” rating in a report on Friday, January 12th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.88.

Shares of Dicks Sporting Goods Inc (NYSE:DKS) opened at $32.84 on Thursday. The firm has a market cap of $3,530.00, a P/E ratio of 12.12, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. Dicks Sporting Goods Inc has a one year low of $23.88 and a one year high of $52.89.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.225 dividend. This is an increase from Dicks Sporting Goods’s previous quarterly dividend of $0.17. This represents a $0.90 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, March 8th. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 25.09%.

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About Dicks 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 Dicks Sporting Goods (NYSE:DKS)

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