State Street Corp trimmed its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,133,913 shares of the sporting goods retailer’s stock after selling 111,082 shares during the quarter. State Street Corp owned 2.79% of Dick’s Sporting Goods worth $124,837,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DKS. Creative Planning increased its stake in Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after acquiring an additional 1,118 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after acquiring an additional 653 shares during the last quarter. Nordea Investment Management AB increased its stake in Dick’s Sporting Goods by 0.5% in the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares during the last quarter. QS Investors LLC increased its stake in Dick’s Sporting Goods by 57,533.3% in the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after acquiring an additional 5,178 shares during the last quarter. Finally, HPM Partners LLC bought a new position in Dick’s Sporting Goods in the second quarter valued at approximately $272,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dick’s Sporting Goods Inc (DKS) opened at 26.67 on Monday. The company has a market capitalization of $2.92 billion, a P/E ratio of 9.57 and a beta of 0.51. The firm has a 50-day moving average of $26.83 and a 200 day moving average of $37.08. Dick’s Sporting Goods Inc has a 1-year low of $24.52 and a 1-year high of $62.88.

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 Thomson Reuters’ consensus estimate of $1.00 by ($0.04). Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the prior year, the business posted $0.82 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Dick’s Sporting Goods Inc will post $2.90 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.55%. Dick’s Sporting Goods’s dividend payout ratio is 24.29%.

DKS has been the topic of a number of recent analyst reports. ValuEngine cut shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets reissued an “outperform” rating on shares of Dick’s Sporting Goods in a research note on Thursday, September 14th. Telsey Advisory Group cut shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $52.00 to $40.00 in a research note on Monday, July 24th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 price objective on shares of Dick’s Sporting Goods in a research note on Friday, July 21st. Finally, Cleveland Research cut shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Three analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.73.

In related news, Director William J. Colombo bought 20,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average cost of $26.25 per share, with a total value of $525,000.00. Following the transaction, the director now owns 323,224 shares in the company, valued at approximately $8,484,630. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 23.09% of the company’s stock.

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Dick’s Sporting Goods Company 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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