Farmhouse Investment Management LLC Has $7,118,000 Stake in Dick’s Sporting Goods Inc (DKS)

Farmhouse Investment Management LLC held its stake in Dick’s Sporting Goods Inc (NYSE:DKS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,720 shares of the sporting goods retailer’s stock at the end of the second quarter. Dick’s Sporting Goods comprises about 3.4% of Farmhouse Investment Management LLC’s investment portfolio, making the stock its 12th largest position. Farmhouse Investment Management LLC owned 0.16% of Dick’s Sporting Goods worth $7,118,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in DKS. Point72 Asia Hong Kong Ltd acquired a new position in shares of Dick’s Sporting Goods during the first quarter worth approximately $114,000. Creative Planning increased its position in shares of Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after buying an additional 1,118 shares in the last quarter. James Investment Research Inc. increased its position in shares of Dick’s Sporting Goods by 7.3% in the first quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock worth $143,000 after buying an additional 200 shares in the last quarter. Verity Asset Management Inc. acquired a new position in shares of Dick’s Sporting Goods during the first quarter worth approximately $206,000. Finally, Advisory Services Network LLC acquired a new position in shares of Dick’s Sporting Goods during the first quarter worth approximately $209,000. Institutional investors own 76.35% of the company’s stock.

Shares of Dick’s Sporting Goods Inc (NYSE:DKS) traded down 2.70% on Friday, reaching $26.99. The company’s stock had a trading volume of 6,850,303 shares. The stock has a market cap of $2.92 billion, a PE 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 has a 50 day moving average price of $36.05 and a 200-day moving average price of $44.26.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Dick’s Sporting Goods Inc will post $2.98 EPS for the current year.

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

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A number of equities analysts recently commented on the company. UBS AG downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Tuesday, May 16th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Dick’s Sporting Goods in a report on Saturday, May 13th. B. Riley restated a “buy” rating and set a $58.00 target price on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Buckingham Research downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Wednesday. Finally, Canaccord Genuity set a $54.00 target price on Dick’s Sporting Goods and gave the company a “buy” rating in a report on Saturday, July 1st. Four equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.74.

Dick’s Sporting Goods Company Profile

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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