ING Groep NV bought a new position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,679 shares of the sporting goods retailer’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in Dick’s Sporting Goods by 24.3% in the second quarter. Russell Investments Group Ltd. now owns 299,013 shares of the sporting goods retailer’s stock worth $11,907,000 after buying an additional 58,375 shares in the last quarter. Selz Capital LLC bought a new position in Dick’s Sporting Goods during the second quarter worth $398,000. Tributary Capital Management LLC increased its position in Dick’s Sporting Goods by 25.8% in the second quarter. Tributary Capital Management LLC now owns 33,900 shares of the sporting goods retailer’s stock worth $1,350,000 after buying an additional 6,960 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in Dick’s Sporting Goods by 33.0% in the second quarter. First Citizens Bank & Trust Co. now owns 8,342 shares of the sporting goods retailer’s stock worth $332,000 after buying an additional 2,069 shares in the last quarter. Finally, APG Asset Management N.V. increased its position in Dick’s Sporting Goods by 11.0% in the second quarter. APG Asset Management N.V. now owns 314,872 shares of the sporting goods retailer’s stock worth $12,541,000 after buying an additional 31,181 shares in the last quarter. 79.11% of the stock is owned by hedge funds and other institutional investors.

Dick’s Sporting Goods Inc (DKS) traded down 1.61% during mid-day trading on Monday, hitting $37.36. 445,254 shares of the stock traded hands. The company has a market cap of $4.20 billion, a P/E ratio of 14.47 and a beta of 0.47. Dick’s Sporting Goods Inc has a 12 month low of $34.55 and a 12 month high of $62.88. The company’s 50 day moving average is $38.36 and its 200 day moving average is $45.85.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results 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 net margin of 3.57% and a return on equity of 18.61%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. Dick’s Sporting Goods’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts expect that Dick’s Sporting Goods Inc will post $3.66 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on DKS. Credit Suisse Group set a $44.00 target price on shares of Dick’s Sporting Goods and gave the company a “hold” rating in a research report on Monday. BidaskClub raised shares of Dick’s Sporting Goods from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Wedbush reduced their target price on shares of Dick’s Sporting Goods from $54.00 to $51.00 and set an “outperform” rating for the company in a research report on Wednesday, July 26th. Finally, Wolfe Research downgraded shares of Dick’s Sporting Goods from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.43.

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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