Dick’s Sporting Goods Inc (NYSE:DKS) Position Increased by APG Asset Management N.V.

APG Asset Management N.V. boosted its stake in Dick’s Sporting Goods Inc (NYSE:DKS) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,872 shares of the sporting goods retailer’s stock after buying an additional 31,181 shares during the period. APG Asset Management N.V. owned approximately 0.28% of Dick’s Sporting Goods worth $12,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DKS. Schwab Charles Investment Management Inc. raised its position in shares of Dick’s Sporting Goods by 6.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock valued at $14,253,000 after buying an additional 18,198 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Dick’s Sporting Goods by 16.5% in the first quarter. Baird Financial Group Inc. now owns 63,312 shares of the sporting goods retailer’s stock worth $3,081,000 after buying an additional 8,984 shares during the last quarter. Manning & Napier Advisors LLC increased its stake in shares of Dick’s Sporting Goods by 1,173.1% in the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after buying an additional 961,955 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Dick’s Sporting Goods by 1,779.5% in the first quarter. Lazard Asset Management LLC now owns 70,782 shares of the sporting goods retailer’s stock worth $3,443,000 after buying an additional 67,016 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Dick’s Sporting Goods by 69.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 437,486 shares of the sporting goods retailer’s stock worth $23,231,000 after buying an additional 179,276 shares during the last quarter. 76.35% of the stock is currently owned by hedge funds and other institutional investors.

Dick’s Sporting Goods Inc (DKS) traded down 2.70% during trading on Friday, reaching $26.99. The company’s stock had a trading volume of 6,850,303 shares. The company has a market capitalization of $2.92 billion, a P/E ratio of 9.68 and a beta of 0.47. Dick’s Sporting Goods Inc has a 12-month low of $26.32 and a 12-month high of $62.88. The firm’s 50-day moving average price is $36.05 and its 200 day moving average price is $44.26.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.00 by $0.04. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, analysts predict that Dick’s Sporting Goods Inc will post $2.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.17 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.68 annualized dividend and a yield of 2.52%. Dick’s Sporting Goods’s payout ratio is 24.29%.

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A number of research firms have recently commented on DKS. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 target price (down previously from $55.00) on shares of Dick’s Sporting Goods in a report on Wednesday. Forward View reiterated a “sell” rating on shares of Dick’s Sporting Goods in a report on Wednesday. Barclays PLC reiterated an “equal weight” rating and issued a $30.00 price objective (down previously from $46.00) on shares of Dick’s Sporting Goods in a report on Wednesday. BMO Capital Markets set a $37.00 price target on shares of Dick’s Sporting Goods and gave the stock an “outperform” rating in a report on Wednesday. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $49.00 to $30.00 in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.74.

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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