Dick’s Sporting Goods Inc (DKS) Position Raised by Retirement Systems of Alabama
Retirement Systems of Alabama boosted its position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 110.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 238,549 shares of the sporting goods retailer’s stock after buying an additional 125,023 shares during the period. Retirement Systems of Alabama’s holdings in Dick’s Sporting Goods were worth $9,501,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in DKS. Creative Planning boosted 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 worth $106,000 after buying an additional 1,118 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in Dick’s Sporting Goods during the first quarter worth approximately $114,000. James Investment Research Inc. boosted its stake in Dick’s Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock worth $143,000 after buying an additional 200 shares in the last quarter. Verity Asset Management Inc. purchased a new stake in Dick’s Sporting Goods during the first quarter worth approximately $206,000. Finally, Advisory Services Network LLC purchased a new stake in Dick’s Sporting Goods during the first quarter worth approximately $209,000. Institutional investors and hedge funds own 79.11% of the company’s stock.
Shares of Dick’s Sporting Goods Inc (DKS) opened at 34.00 on Friday. Dick’s Sporting Goods Inc has a 12 month low of $33.32 and a 12 month high of $62.88. The firm has a market capitalization of $3.82 billion, a P/E ratio of 13.17 and a beta of 0.47. The firm’s 50-day moving average is $37.58 and its 200 day moving average is $45.09.
Dick’s Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.54. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share. On average, equities research analysts anticipate that Dick’s Sporting Goods Inc will post $3.65 EPS for the current year.
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A number of research firms recently commented on DKS. Zacks Investment Research cut shares of Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Stifel Nicolaus set a $54.00 target price on Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Wednesday, May 17th. Credit Suisse Group set a $44.00 target price on Dick’s Sporting Goods and gave the stock a “hold” rating in a report on Monday, August 7th. BidaskClub cut Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Telsey Advisory Group cut Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $52.00 to $40.00 in a report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.09.
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.
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