Citizens & Northern Corp trimmed its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 41.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,095 shares of the sporting goods retailer’s stock after selling 12,589 shares during the period. Citizens & Northern Corp’s holdings in Dick’s Sporting Goods were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Dick’s Sporting Goods by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after purchasing an additional 135,991 shares during the last quarter. Sciencast Management LP purchased a new position in shares of Dick’s Sporting Goods during the second quarter worth $299,000. Diversified Investment Strategies LLC raised its holdings in shares of Dick’s Sporting Goods by 11.0% during the second 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 during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Dick’s Sporting Goods by 56.3% during the second quarter. Public Employees Retirement System of Ohio now owns 60,311 shares of the sporting goods retailer’s stock worth $2,402,000 after purchasing an additional 21,718 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Dick’s Sporting Goods by 13.8% during the second 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 during the last quarter. Institutional investors own 71.72% of the company’s stock.

Several research analysts recently issued reports on the stock. Oppenheimer reissued a “hold” rating on shares of Dick’s Sporting Goods in a report on Tuesday, November 14th. Cowen cut shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $31.00 to $28.00 in a report on Thursday, August 24th. Susquehanna Bancshares reduced their target price on shares of Dick’s Sporting Goods from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Forward View raised shares of Dick’s Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Thursday, November 16th. Finally, Credit Suisse Group set a $44.00 price objective on shares of Dick’s Sporting Goods and gave the company a “hold” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.12.

Shares of Dick’s Sporting Goods Inc (DKS) opened at $28.03 on Wednesday. Dick’s Sporting Goods Inc has a 52-week low of $23.88 and a 52-week high of $62.80. The stock has a market cap of $2,900.00, a PE ratio of 8.93, a PEG ratio of 1.52 and a beta of 0.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25.

Dick’s Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share. sell-side analysts forecast that Dick’s Sporting Goods Inc will post 2.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a yield of 2.43%. Dick’s Sporting Goods’s payout ratio is presently 25.09%.

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About Dick’s Sporting Goods

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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