ClariVest Asset Management LLC lowered its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 428,894 shares of the sporting goods retailer’s stock after selling 15,573 shares during the period. ClariVest Asset Management LLC’s holdings in Dick’s Sporting Goods were worth $17,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Somerset Trust Co raised its position in Dick’s Sporting Goods by 0.4% in the second quarter. Somerset Trust Co now owns 7,233 shares of the sporting goods retailer’s stock valued at $288,000 after buying an additional 30 shares during the last quarter. LS Investment Advisors LLC raised its position in Dick’s Sporting Goods by 0.3% in the first quarter. LS Investment Advisors LLC now owns 9,562 shares of the sporting goods retailer’s stock valued at $465,000 after buying an additional 31 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Dick’s Sporting Goods by 0.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 40,750 shares of the sporting goods retailer’s stock valued at $1,983,000 after buying an additional 130 shares during the last quarter. US Bancorp DE raised its position in Dick’s Sporting Goods by 0.8% in the second quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock valued at $901,000 after buying an additional 174 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in Dick’s Sporting Goods by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 31,233 shares of the sporting goods retailer’s stock valued at $1,519,000 after buying an additional 200 shares during the last quarter. 79.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dick’s Sporting Goods Inc (NYSE DKS) opened at 34.00 on Friday. The company has a market cap of $3.82 billion, a P/E ratio of 13.17 and a beta of 0.47. The firm has a 50 day moving average price of $37.58 and a 200-day moving average price of $45.09. Dick’s Sporting Goods Inc has a 12 month low of $33.32 and a 12 month high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Analysts anticipate that Dick’s Sporting Goods Inc will post $3.65 earnings per share for the current fiscal year.

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Several research firms recently weighed in on DKS. B. Riley reissued a “buy” rating and set a $58.00 price target on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dick’s Sporting Goods in a research report on Saturday, May 13th. UBS AG lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 16th. Citigroup Inc. reissued a “buy” rating and set a $55.00 price target (down from $65.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Finally, Barclays PLC reissued an “equal weight” rating and set a $46.00 price target (down from $50.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of “Hold” and an average 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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Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

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