Zuckerman Investment Group LLC acquired a new stake in Dicks Sporting Goods Inc (NYSE:DKS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 213,755 shares of the sporting goods retailer’s stock, valued at approximately $7,584,000. Dicks Sporting Goods accounts for approximately 1.7% of Zuckerman Investment Group LLC’s holdings, making the stock its 24th biggest holding. Zuckerman Investment Group LLC owned about 0.21% of Dicks Sporting Goods as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Dicks Sporting Goods by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,071,157 shares of the sporting goods retailer’s stock worth $143,514,000 after purchasing an additional 797,195 shares during the period. Principal Financial Group Inc. grew its stake in shares of Dicks Sporting Goods by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 365,486 shares of the sporting goods retailer’s stock worth $12,810,000 after purchasing an additional 11,315 shares during the period. Cumberland Partners Ltd acquired a new position in shares of Dicks Sporting Goods during the 2nd quarter worth $599,000. Teton Advisors Inc. grew its stake in shares of Dicks Sporting Goods by 31.5% during the 2nd quarter. Teton Advisors Inc. now owns 14,627 shares of the sporting goods retailer’s stock worth $516,000 after purchasing an additional 3,500 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Dicks Sporting Goods by 51.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,382 shares of the sporting goods retailer’s stock worth $472,000 after purchasing an additional 4,561 shares during the period. 78.56% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on the stock. Cowen upped their price target on shares of Dicks Sporting Goods from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Thursday, August 23rd. Wedbush increased their price objective on shares of Dicks Sporting Goods from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, August 21st. Zacks Investment Research cut shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. ValuEngine raised shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, Robert W. Baird increased their price objective on shares of Dicks Sporting Goods from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, November 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the stock. Dicks Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $39.50.
Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.13. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. Dicks Sporting Goods had a net margin of 3.87% and a return on equity of 18.10%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Analysts forecast that Dicks Sporting Goods Inc will post 3.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.90 dividend on an annualized basis and a yield of 2.51%. Dicks Sporting Goods’s dividend payout ratio (DPR) is 29.90%.
ILLEGAL ACTIVITY WARNING: “213,755 Shares in Dicks Sporting Goods Inc (DKS) Acquired by Zuckerman Investment Group LLC” was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2018/12/03/213755-shares-in-dicks-sporting-goods-inc-dks-acquired-by-zuckerman-investment-group-llc.html.
Dicks Sporting Goods Company Profile
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
Read More: Consumer behavior in bull markets
Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dicks Sporting Goods Inc (NYSE:DKS).
Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.