Dick’s Sporting Goods Inc (NYSE:DKS) Position Held by Shell Asset Management Co.

Shell Asset Management Co. maintained its position in shares of Dick’s Sporting Goods Inc (NYSE:DKS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,913 shares of the sporting goods retailer’s stock at the close of the 2nd quarter. Shell Asset Management Co.’s holdings in Dick’s Sporting Goods were worth $156,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd bought a new stake in shares of Dick’s Sporting Goods in the 1st quarter valued at approximately $114,000. Creative Planning boosted its holdings in shares of Dick’s Sporting Goods by 72.2% in the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock worth $106,000 after acquiring an additional 1,118 shares in the last quarter. James Investment Research Inc. boosted its holdings in shares of Dick’s Sporting Goods by 7.3% in the 1st quarter. James Investment Research Inc. now owns 2,933 shares of the sporting goods retailer’s stock worth $143,000 after acquiring an additional 200 shares in the last quarter. Verity Asset Management Inc. acquired a new position in shares of Dick’s Sporting Goods in the 1st quarter worth approximately $206,000. Finally, Advisory Services Network LLC acquired a new position in shares of Dick’s Sporting Goods in the 1st quarter worth approximately $209,000. Institutional investors own 75.59% of the company’s stock.

Shares of Dick’s Sporting Goods Inc (NYSE:DKS) traded down 0.45% during midday trading on Tuesday, reaching $26.60. 1,589,491 shares of the company traded hands. Dick’s Sporting Goods Inc has a 12-month low of $25.94 and a 12-month high of $62.88. The company has a 50-day moving average of $32.74 and a 200 day moving average of $42.44. The firm has a market capitalization of $2.91 billion, a PE ratio of 9.54 and a beta of 0.52.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by $0.04. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business posted $0.82 EPS. Dick’s Sporting Goods’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts forecast that Dick’s Sporting Goods Inc will post $2.90 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors 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 yield of 2.56%. Dick’s Sporting Goods’s dividend payout ratio is currently 24.29%.

In related news, Director William J. Colombo purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average price of $26.25 per share, with a total value of $525,000.00. Following the purchase, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 23.09% of the stock is currently owned by company insiders.

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Several brokerages have recently commented on DKS. B. Riley reissued a “buy” rating and issued a $58.00 target price on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Dick’s Sporting Goods in a report on Saturday, May 13th. UBS AG downgraded Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a report on Tuesday, May 16th. Citigroup Inc. reissued a “buy” rating and issued a $55.00 target price (down from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $46.00 price objective (down previously from $50.00) on shares of Dick’s Sporting Goods in a report on Wednesday, May 17th. Four investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.64.

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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