Letko Brosseau & Associates Inc. lifted its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 49.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,109,368 shares of the sporting goods retailer’s stock after buying an additional 368,138 shares during the quarter. Letko Brosseau & Associates Inc. owned approximately 0.99% of Dick’s Sporting Goods worth $44,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Somerset Trust Co grew its position in shares of Dick’s Sporting Goods by 0.4% during the second quarter. Somerset Trust Co now owns 7,233 shares of the sporting goods retailer’s stock worth $288,000 after buying an additional 30 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Dick’s Sporting Goods by 0.3% during the first quarter. Municipal Employees Retirement System of Michigan now owns 40,750 shares of the sporting goods retailer’s stock worth $1,983,000 after buying an additional 130 shares in the last quarter. US Bancorp DE grew its position in shares of Dick’s Sporting Goods by 0.8% during the second quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock worth $901,000 after buying an additional 174 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in shares of Dick’s Sporting Goods by 3.3% during the first quarter. Hillsdale Investment Management Inc. now owns 6,200 shares of the sporting goods retailer’s stock worth $302,000 after buying an additional 200 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its position in shares of Dick’s Sporting Goods by 1.6% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock worth $694,000 after buying an additional 241 shares in the last quarter. 77.74% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on DKS shares. B. Riley restated a “buy” rating and set a $58.00 price objective on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Citigroup Inc. restated a “buy” rating and set a $55.00 price objective (down from $65.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Barclays PLC restated an “equal weight” rating and set a $46.00 price objective (down from $50.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Canaccord Genuity set a $54.00 price objective on Dick’s Sporting Goods and gave the stock a “buy” rating in a research note on Saturday, July 1st. Finally, MKM Partners cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $47.00 to $30.00 in a research note on Tuesday, August 15th. Four research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.93.

Shares of Dick’s Sporting Goods Inc (DKS) traded down 2.38% during midday trading on Thursday, reaching $27.50. The company’s stock had a trading volume of 741,002 shares. The stock has a 50-day moving average of $30.92 and a 200 day moving average of $41.36. Dick’s Sporting Goods Inc has a 12 month low of $25.94 and a 12 month high of $62.88. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 9.87 and a beta of 0.52.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 dividend on an annualized basis and a yield of 2.41%. Dick’s Sporting Goods’s dividend payout ratio is presently 24.29%.

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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 stock was bought at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the acquisition, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.09% of the company’s stock.

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.

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

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