Comerica Bank lessened its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 1.3% during the 1st quarter, Holdings Channel reports. The firm owned 48,565 shares of the sporting goods retailer’s stock after selling 660 shares during the quarter. Comerica Bank’s holdings in Dicks Sporting Goods were worth $2,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CENTRAL TRUST Co grew its stake in Dicks Sporting Goods by 4,150.0% in the first quarter. CENTRAL TRUST Co now owns 850 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 830 shares during the last quarter. Nkcfo LLC purchased a new position in Dicks Sporting Goods in the fourth quarter valued at about $31,000. Bremer Trust National Association purchased a new position in Dicks Sporting Goods in the fourth quarter valued at about $36,000. WP Advisors LLC purchased a new position in Dicks Sporting Goods in the first quarter valued at about $62,000. Finally, Investors Research Corp purchased a new position in Dicks Sporting Goods in the first quarter valued at about $63,000. Institutional investors own 80.09% of the company’s stock.

Several equities analysts have issued reports on DKS shares. Zacks Investment Research lowered Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Citigroup started coverage on Dicks Sporting Goods in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $40.00 target price on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $41.00 target price (down previously from $44.00) on shares of Dicks Sporting Goods in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.17.

Shares of DKS stock opened at $36.65 on Monday. Dicks Sporting Goods Inc has a fifty-two week low of $29.69 and a fifty-two week high of $41.21. The stock has a market cap of $3.53 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.20 and a current ratio of 1.41.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.07. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. The company’s revenue was down 5.7% on a year-over-year basis. Sell-side analysts predict that Dicks Sporting Goods Inc will post 3.26 EPS for the current year.

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Dicks Sporting Goods Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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