Envestnet Asset Management Inc. reduced its position in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 5.4% in the third quarter, HoldingsChannel reports. The firm owned 25,302 shares of the sporting goods retailer’s stock after selling 1,440 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Dicks Sporting Goods were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Man Group plc grew its stake in shares of Dicks Sporting Goods by 82.1% during the 2nd quarter. Man Group plc now owns 76,455 shares of the sporting goods retailer’s stock valued at $2,647,000 after acquiring an additional 34,468 shares during the period. GAM Holding AG grew its stake in shares of Dicks Sporting Goods by 15.0% during the 2nd quarter. GAM Holding AG now owns 76,157 shares of the sporting goods retailer’s stock valued at $2,637,000 after acquiring an additional 9,950 shares during the period. Aperio Group LLC grew its stake in shares of Dicks Sporting Goods by 15.0% during the 2nd quarter. Aperio Group LLC now owns 197,145 shares of the sporting goods retailer’s stock valued at $6,827,000 after acquiring an additional 25,706 shares during the period. ICM Asset Management Inc. WA grew its stake in shares of Dicks Sporting Goods by 21.4% during the 2nd quarter. ICM Asset Management Inc. WA now owns 44,500 shares of the sporting goods retailer’s stock valued at $1,541,000 after acquiring an additional 7,850 shares during the period. Finally, Atria Investments LLC bought a new position in shares of Dicks Sporting Goods during the 2nd quarter valued at approximately $655,000. Institutional investors and hedge funds own 79.95% of the company’s stock.

A number of brokerages recently issued reports on DKS. UBS Group boosted their price objective on Dicks Sporting Goods from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Morgan Stanley set a $36.00 price target on Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Raymond James began coverage on Dicks Sporting Goods in a research note on Tuesday. They issued an “underperform” rating for the company. TheStreet upgraded Dicks Sporting Goods from a “c+” rating to a “b-” rating in a research note on Thursday, September 19th. Finally, Argus upped their price target on Dicks Sporting Goods to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.47.

DKS stock opened at $41.13 on Friday. Dicks Sporting Goods Inc has a 1-year low of $29.69 and a 1-year high of $41.59. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.28 and a quick ratio of 0.17. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.99 and a beta of 0.58. The business has a 50 day simple moving average of $39.47 and a two-hundred day simple moving average of $36.56.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Thursday, August 22nd. The sporting goods retailer reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.21 billion. Dicks Sporting Goods had a return on equity of 16.96% and a net margin of 3.64%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. Sell-side analysts anticipate that Dicks Sporting Goods Inc will post 3.38 EPS for the current fiscal year.

Dicks Sporting Goods Company Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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