Russell Investments Group Ltd. raised its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 24.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,013 shares of the sporting goods retailer’s stock after buying an additional 58,375 shares during the period. Russell Investments Group Ltd.’s holdings in Dick’s Sporting Goods were worth $11,907,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Creative Planning raised 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 during the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in Dick’s Sporting Goods during the first quarter worth approximately $114,000. James Investment Research Inc. raised 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 during the last quarter. Verity Asset Management Inc. acquired a new stake in Dick’s Sporting Goods during the first quarter worth approximately $206,000. Finally, Advisory Services Network LLC acquired a new stake in Dick’s Sporting Goods during the first quarter worth approximately $209,000. 79.11% of the stock is owned by institutional investors and hedge funds.

Shares of Dick’s Sporting Goods Inc (NYSE:DKS) traded up 0.56% during midday trading on Friday, reaching $34.00. The company’s stock had a trading volume of 3,631,632 shares. The company has a 50 day moving average price of $37.58 and a 200-day moving average price of $45.09. The stock has a market capitalization of $3.82 billion, a PE ratio of 13.17 and a beta of 0.47. Dick’s Sporting Goods Inc has a 52 week low of $33.32 and a 52 week high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.54. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.83 billion. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. Dick’s Sporting Goods’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities research analysts expect that Dick’s Sporting Goods Inc will post $3.65 EPS for the current year.

TRADEMARK VIOLATION WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/08/13/dicks-sporting-goods-inc-dks-shares-bought-by-russell-investments-group-ltd.html.

A number of analysts have commented on DKS shares. B. Riley reissued a “buy” rating and issued a $58.00 target price on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Cowen and Company set a $55.00 target price on Dick’s Sporting Goods and gave the stock a “buy” rating in a report on Wednesday, May 17th. Monness Crespi & Hardt reissued a “buy” rating and issued a $52.00 target price (down previously from $60.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Canaccord Genuity reissued a “buy” rating and issued a $67.00 target price on shares of Dick’s Sporting Goods in a report on Monday, May 8th. Finally, 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. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus 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.

Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dick’s Sporting Goods Inc (NYSE:DKS).

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

Receive News & Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related companies with MarketBeat.com's FREE daily email newsletter.