Oregon Public Employees Retirement Fund boosted its position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 79,902 shares of the sporting goods retailer’s stock after buying an additional 1,335 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Dick’s Sporting Goods were worth $3,182,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of Dick’s Sporting Goods by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,060 shares of the sporting goods retailer’s stock valued at $800,000 after buying an additional 1,250 shares in the last quarter. Norges Bank bought a new stake in shares of Dick’s Sporting Goods during the fourth quarter valued at approximately $37,378,000. UBS Asset Management Americas Inc. raised 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 valued at $23,231,000 after buying an additional 179,276 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Dick’s Sporting Goods during the fourth quarter valued at approximately $2,680,000. Finally, Macquarie Group Ltd. raised its stake in shares of Dick’s Sporting Goods by 11.5% in the fourth quarter. Macquarie Group Ltd. now owns 51,353 shares of the sporting goods retailer’s stock valued at $2,727,000 after buying an additional 5,289 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors.
Dick’s Sporting Goods Inc (NYSE DKS) opened at 35.12 on Tuesday. The company’s 50-day moving average is $38.89 and its 200 day moving average is $46.62. Dick’s Sporting Goods Inc has a 52 week low of $34.55 and a 52 week high of $62.88. The stock has a market cap of $3.95 billion, a PE ratio of 13.60 and a beta of 0.48.
Dick’s Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the business earned $0.50 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, analysts expect that Dick’s Sporting Goods Inc will post $3.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 9th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Wednesday, June 7th. Dick’s Sporting Goods’s payout ratio is 26.25%.
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DKS has been the topic of several research reports. Zacks Investment Research raised shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Barclays PLC reaffirmed an “equal weight” rating and issued a $46.00 price objective (down previously from $50.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. B. Riley reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Dick’s Sporting Goods in a research report on Monday, May 22nd. UBS AG lowered shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 16th. Finally, Cowen and Company set a $55.00 price objective on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $56.48.
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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