Dalton Greiner Hartman Maher & Co. increased its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 20.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 454,309 shares of the sporting goods retailer’s stock after buying an additional 77,229 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Dick’s Sporting Goods were worth $18,095,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of DKS. BlackRock Inc. boosted its position in Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after buying an additional 8,230,087 shares during the last quarter. Vanguard Group Inc. raised its stake in Dick’s Sporting Goods by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,666,349 shares of the sporting goods retailer’s stock worth $324,384,000 after buying an additional 280,056 shares during the period. State Street Corp raised its stake in Dick’s Sporting Goods by 2.2% in the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after buying an additional 69,237 shares during the period. Renaissance Technologies LLC raised its stake in 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 period. Finally, OZ Management LP acquired a new stake in Dick’s Sporting Goods during the first quarter worth $86,412,000. Hedge funds and other institutional investors own 78.90% of the company’s stock.

Dick’s Sporting Goods Inc (DKS) traded up 0.27% during midday trading on Thursday, reaching $37.35. 705,375 shares of the company were exchanged. The company has a 50 day moving average of $39.30 and a 200-day moving average of $47.01. Dick’s Sporting Goods Inc has a 52-week low of $35.87 and a 52-week high of $62.88. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 14.47 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.54. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. Dick’s Sporting Goods’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts anticipate that Dick’s Sporting Goods Inc will post $3.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 9th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.83%. The ex-dividend date was Wednesday, June 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is 26.25%.

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DKS has been the subject of a number of research reports. Credit Suisse Group reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, June 29th. Canaccord Genuity set a $67.00 price objective on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a research note on Monday, May 15th. Cleveland Research lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Wedbush reaffirmed an “outperform” rating and issued a $68.00 price objective on shares of Dick’s Sporting Goods in a research note on Sunday, May 14th. Finally, Stifel Nicolaus reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Dick’s Sporting Goods in a research note on Sunday, April 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a buy rating to the stock. Dick’s Sporting Goods currently has an average rating of “Buy” and a consensus price target of $56.95.

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

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