Northwestern Mutual Wealth Management Co. boosted its position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 30.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,823 shares of the sporting goods retailer’s stock after purchasing an additional 653 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dick’s Sporting Goods were worth $113,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in Dick’s Sporting Goods by 6.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock worth $14,253,000 after purchasing an additional 18,198 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in Dick’s Sporting Goods by 1,173.1% during the 2nd quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after purchasing an additional 961,955 shares in the last quarter. Diversified Investment Strategies LLC increased its holdings in Dick’s Sporting Goods by 11.0% during the 2nd quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock worth $3,078,000 after purchasing an additional 7,675 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Dick’s Sporting Goods by 13.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 196,471 shares of the sporting goods retailer’s stock worth $7,826,000 after purchasing an additional 23,852 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Dick’s Sporting Goods by 1,779.5% during the 1st quarter. Lazard Asset Management LLC now owns 70,782 shares of the sporting goods retailer’s stock worth $3,443,000 after purchasing an additional 67,016 shares in the last quarter. Hedge funds and other institutional investors own 77.76% of the company’s stock.

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In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the purchase, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.09% of the company’s stock.

Dick’s Sporting Goods Inc (NYSE DKS) opened at 26.87 on Friday. The stock’s 50 day moving average is $29.63 and its 200 day moving average is $40.52. Dick’s Sporting Goods Inc has a one year low of $25.94 and a one year high of $62.88. The company has a market capitalization of $2.94 billion, a PE ratio of 9.64 and a beta of 0.52.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.04). The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, analysts anticipate 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. Investors of record on Friday, September 8th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Thursday, September 7th. Dick’s Sporting Goods’s payout ratio is currently 24.29%.

A number of equities analysts have recently commented on DKS shares. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Citigroup Inc. downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research note on Wednesday, August 16th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Dick’s Sporting Goods in a research note on Thursday, August 24th. Monness Crespi & Hardt downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 16th. Finally, Guggenheim restated a “neutral” rating on shares of Dick’s Sporting Goods in a research note on Wednesday, August 16th. Four research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.67.

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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