Midas Management Corp Has $1,365,000 Stake in Dick’s Sporting Goods Inc (DKS)

Midas Management Corp continued to hold its position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,285 shares of the sporting goods retailer’s stock at the end of the second quarter. Midas Management Corp’s holdings in Dick’s Sporting Goods were worth $1,365,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock valued at $414,382,000 after buying an additional 8,230,087 shares in the last quarter. OZ Management LP purchased a new position in shares of Dick’s Sporting Goods during the first quarter valued at about $86,412,000. Renaissance Technologies LLC boosted its position in shares of Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock valued at $99,977,000 after buying an additional 1,662,700 shares in the last quarter. SRS Investment Management LLC purchased a new position in shares of Dick’s Sporting Goods during the first quarter valued at about $72,194,000. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Dick’s Sporting Goods by 342.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,548,807 shares of the sporting goods retailer’s stock valued at $75,365,000 after buying an additional 1,199,058 shares in the last quarter. 79.11% of the stock is currently owned by institutional investors.

Dick’s Sporting Goods Inc (DKS) traded up 0.56% on Friday, hitting $34.00. 3,631,632 shares of the stock were exchanged. Dick’s Sporting Goods Inc has a 52 week low of $33.32 and a 52 week high of $62.88. The company’s 50-day moving average is $37.58 and its 200-day moving average is $45.09. The company has a market cap of $3.82 billion, a PE ratio of 13.17 and a beta of 0.47.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.83 billion. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. On average, analysts predict that Dick’s Sporting Goods Inc will post $3.65 earnings per share for the current year.

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Several equities analysts have issued reports on DKS shares. Bank of America Corporation reissued a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Wedbush reissued an “outperform” rating and issued a $68.00 price objective on shares of Dick’s Sporting Goods in a research note on Sunday, May 14th. Canaccord Genuity restated a “buy” rating and set a $52.00 target price on shares of Dick’s Sporting Goods in a research report on Friday, July 21st. Cleveland Research lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Finally, Stifel Nicolaus restated an “outperform” rating and set a $65.00 target price on shares of Dick’s Sporting Goods in a research report on Sunday, April 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $55.09.

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.

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

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