Pacer Advisors Inc. lifted its holdings in Dick’s Sporting Goods Inc (NYSE:DKS) by 21.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,735 shares of the sporting goods retailer’s stock after buying an additional 2,042 shares during the period. Pacer Advisors Inc.’s holdings in Dick’s Sporting Goods were worth $467,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of DKS. BlackRock Inc. boosted its position in Dick’s Sporting Goods by 2,879.3% during the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock valued at $414,382,000 after purchasing an additional 8,230,087 shares during the last quarter. OZ Management LP acquired a new stake in shares of Dick’s Sporting Goods in the first quarter worth about $86,412,000. Renaissance Technologies LLC lifted its position in shares of Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock worth $99,977,000 after buying an additional 1,662,700 shares during the last quarter. SRS Investment Management LLC acquired a new stake in shares of Dick’s Sporting Goods in the first quarter worth about $72,194,000. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Dick’s Sporting Goods by 342.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,548,807 shares of the sporting goods retailer’s stock worth $75,365,000 after buying an additional 1,199,058 shares during the last quarter. 77.74% of the stock is owned by institutional investors and hedge funds.
In other news, Director William J. Colombo purchased 20,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the completion of the acquisition, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.09% of the stock is owned by insiders.
A number of analysts have weighed in on DKS shares. Buckingham Research started coverage on Dick’s Sporting Goods in a research report on Monday, July 17th. They issued a “buy” rating and a $45.00 price target for the company. ValuEngine upgraded Dick’s Sporting Goods from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. BMO Capital Markets set a $62.00 price objective on Dick’s Sporting Goods and gave the stock a “buy” rating in a research note on Thursday, July 6th. Canaccord Genuity set a $54.00 price objective on Dick’s Sporting Goods and gave the stock a “buy” rating in a research note on Saturday, July 1st. Finally, B. Riley reiterated a “buy” rating and issued a $58.00 price objective on shares of Dick’s Sporting Goods in a research note on Monday, May 22nd. Four equities research 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $40.93.
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Shares of Dick’s Sporting Goods Inc (NYSE:DKS) opened at 27.33 on Friday. The company has a 50 day moving average of $30.45 and a 200-day moving average of $41.16. The company has a market cap of $2.99 billion, a PE ratio of 9.80 and a beta of 0.52. 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 consensus estimate of $1.00 by ($0.04). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. Analysts forecast that Dick’s Sporting Goods Inc will post $2.90 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.68 annualized dividend and a yield of 2.49%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 24.29%.
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.
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