Dick’s Sporting Goods Inc (DKS) Holdings Reduced by Peregrine Capital Management LLC

Peregrine Capital Management LLC trimmed its holdings in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 16.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 511,302 shares of the sporting goods retailer’s stock after selling 99,003 shares during the period. Peregrine Capital Management LLC owned approximately 0.47% of Dick’s Sporting Goods worth $13,810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DKS. FMR LLC boosted its stake in Dick’s Sporting Goods by 5.9% during the 1st quarter. FMR LLC now owns 961,709 shares of the sporting goods retailer’s stock valued at $46,797,000 after purchasing an additional 53,251 shares during the last quarter. Teachers Advisors LLC boosted its stake in Dick’s Sporting Goods by 18.0% during the 1st quarter. Teachers Advisors LLC now owns 173,167 shares of the sporting goods retailer’s stock valued at $8,426,000 after purchasing an additional 26,401 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Dick’s Sporting Goods by 10.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 16,620 shares of the sporting goods retailer’s stock valued at $809,000 after purchasing an additional 1,560 shares during the last quarter. Vanguard Group Inc. boosted its stake in Dick’s Sporting Goods by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 6,666,349 shares of the sporting goods retailer’s stock valued at $324,384,000 after purchasing an additional 280,056 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Dick’s Sporting Goods by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 875,436 shares of the sporting goods retailer’s stock valued at $42,600,000 after purchasing an additional 39,248 shares during the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.

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In other Dick’s Sporting Goods news, Director William J. Colombo acquired 20,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the acquisition, the director now owns 323,224 shares in the company, valued at $8,484,630. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 23.09% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on DKS. Goldman Sachs Group, Inc. (The) cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and lowered their price target for the company from $49.00 to $30.00 in a report on Wednesday, August 16th. Forward View reissued a “sell” rating and set a $25.00 price target on shares of Dick’s Sporting Goods in a report on Wednesday, August 16th. Wedbush cut Dick’s Sporting Goods from an “outperform” rating to a “neutral” rating and set a $29.00 price target on the stock. in a report on Tuesday, August 15th. Royal Bank Of Canada cut Dick’s Sporting Goods from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $46.00 to $29.00 in a report on Wednesday, August 16th. Finally, Buckingham Research cut Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a report on Wednesday, August 16th. Three analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have given a buy rating to the company. Dick’s Sporting Goods currently has a consensus rating of “Hold” and an average price target of $37.73.

Dick’s Sporting Goods Inc (NYSE DKS) opened at 24.47 on Wednesday. The stock’s 50 day moving average price is $26.68 and its 200-day moving average price is $35.81. Dick’s Sporting Goods Inc has a 12 month low of $24.40 and a 12 month high of $62.88. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 8.78 and a beta of 0.51.

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 for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts expect that Dick’s Sporting Goods Inc will post $2.90 EPS for the current year.

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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