HPM Partners LLC bought a new stake in Dick’s Sporting Goods Inc (NYSE:DKS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,926 shares of the sporting goods retailer’s stock, valued at approximately $272,000.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. grew its position in shares of 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 valued at $414,382,000 after purchasing an additional 8,230,087 shares during the last quarter. Vanguard Group Inc. boosted its position in Dick’s Sporting Goods by 4.4% during the first quarter. Vanguard Group Inc. now owns 6,666,349 shares of the sporting goods retailer’s stock worth $324,384,000 after acquiring an additional 280,056 shares during the last quarter. State Street Corp boosted its position in Dick’s Sporting Goods by 2.2% during the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after acquiring an additional 69,237 shares during the last quarter. Renaissance Technologies LLC boosted its position in Dick’s Sporting Goods by 424.3% during the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock worth $99,977,000 after acquiring an additional 1,662,700 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Dick’s Sporting Goods by 10.7% during the second quarter. Bank of New York Mellon Corp now owns 1,828,157 shares of the sporting goods retailer’s stock worth $72,815,000 after acquiring an additional 176,439 shares during the last quarter. 77.74% of the stock is owned by institutional investors.

Shares of Dick’s Sporting Goods Inc (NYSE DKS) opened at 27.10 on Tuesday. The firm has a market cap of $2.96 billion, a P/E ratio of 9.72 and a beta of 0.52. Dick’s Sporting Goods Inc has a 12-month low of $25.94 and a 12-month high of $62.88. The stock’s 50 day moving average price is $31.25 and its 200-day moving average price is $41.62.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the consensus estimate of $1.00 by $0.04. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts predict that Dick’s Sporting Goods Inc will post $2.90 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a $0.17 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.51%. Dick’s Sporting Goods’s payout ratio is currently 24.29%.

In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $26.25 per share, with a total value of $525,000.00. Following the acquisition, the director now directly owns 323,224 shares in the company, valued at approximately $8,484,630. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 23.09% of the company’s stock.

A number of equities analysts have weighed in on DKS shares. Zacks Investment Research downgraded shares of Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Cowen and Company downgraded shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and cut their target price for the company from $31.00 to $28.00 in a research note on Thursday, August 24th. Stifel Nicolaus set a $54.00 target price on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a research note on Wednesday, May 17th. Credit Suisse Group set a $44.00 price target on shares of Dick’s Sporting Goods and gave the stock a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub downgraded shares of Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.93.

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Dick’s Sporting Goods 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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