Teachers Advisors LLC increased its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 223.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 560,895 shares of the sporting goods retailer’s stock after acquiring an additional 387,728 shares during the quarter. Teachers Advisors LLC owned approximately 0.50% of Dick’s Sporting Goods worth $22,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position 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 acquiring an additional 18,198 shares during the last quarter. Manning & Napier Advisors LLC grew its position 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 acquiring an additional 961,955 shares during the last quarter. Diversified Investment Strategies LLC grew its position 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 acquiring an additional 7,675 shares during the last quarter. Oppenheimer & Co. Inc. grew its position 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 acquiring an additional 23,852 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position 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 acquiring an additional 67,016 shares during the last quarter. Institutional investors and hedge funds own 77.76% of the company’s stock.

DKS has been the topic of several recent research reports. Zacks Investment Research upgraded Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Citigroup Inc. lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Wednesday, August 16th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Dick’s Sporting Goods in a research report on Thursday, August 24th. Monness Crespi & Hardt lowered Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 16th. Finally, Guggenheim restated a “neutral” rating on shares of Dick’s Sporting Goods in a research report on Wednesday, August 16th. Four investment 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 company’s stock. The company currently has an average rating of “Hold” and an average target price of $39.67.

Shares of Dick’s Sporting Goods Inc (DKS) opened at 26.87 on Friday. Dick’s Sporting Goods Inc has a 12-month low of $25.94 and a 12-month high of $62.88. The firm has a 50 day moving average price of $29.63 and a 200-day moving average price of $40.52. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 9.64 and a beta of 0.52.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data 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 net margin of 3.74% and a return on equity of 19.09%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts expect that Dick’s Sporting Goods Inc will post $2.90 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.53%. Dick’s Sporting Goods’s dividend payout ratio is presently 24.29%.

In other Dick’s Sporting Goods news, Director William J. Colombo acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the acquisition, the director now owns 323,224 shares in the company, valued at approximately $8,484,630. The purchase 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.

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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.

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

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