Weiss Multi Strategy Advisers LLC decreased its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 43.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,955 shares of the sporting goods retailer’s stock after selling 22,887 shares during the period. Weiss Multi Strategy Advisers LLC’s holdings in Dicks Sporting Goods were worth $1,458,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focused Wealth Management Inc bought a new position in Dicks Sporting Goods during the fourth quarter valued at about $138,000. James Investment Research Inc. raised its stake in shares of Dicks 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 during the period. Integrated Investment Consultants LLC raised its stake in shares of Dicks Sporting Goods by 232.1% in the first quarter. Integrated Investment Consultants LLC now owns 3,487 shares of the sporting goods retailer’s stock worth $170,000 after buying an additional 2,437 shares during the period. Verity Asset Management Inc. acquired a new stake in shares of Dicks Sporting Goods during the first quarter worth $206,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Dicks Sporting Goods during the first quarter worth $209,000. Hedge funds and other institutional investors own 78.86% of the company’s stock.
Shares of Dicks Sporting Goods Inc (NYSE:DKS) traded down 5.23% during mid-day trading on Wednesday, hitting $37.50. The company had a trading volume of 3,883,342 shares. The company has a market capitalization of $4.22 billion, a PE ratio of 14.52 and a beta of 0.49. Dicks Sporting Goods Inc has a one year low of $35.87 and a one year high of $62.88. The company’s 50-day moving average is $43.48 and its 200 day moving average is $49.66.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. Dicks Sporting Goods had a return on equity of 12.00% and a net margin of 3.19%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that Dicks Sporting Goods Inc will post $3.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.72%. The ex-dividend date is Wednesday, June 7th. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 26.25%.
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A number of brokerages recently commented on DKS. Guggenheim reiterated an “in-line” rating on shares of Dicks Sporting Goods in a research report on Tuesday, March 7th. MKM Partners reiterated a “buy” rating and issued a $67.00 price objective on shares of Dicks Sporting Goods in a research report on Tuesday, March 7th. Robert W. Baird set a $58.00 price objective on Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Monday, March 6th. B. Riley reiterated a “buy” rating and issued a $64.00 price objective on shares of Dicks Sporting Goods in a research report on Monday, March 6th. Finally, Stifel Nicolaus reiterated an “outperform” rating and issued a $65.00 price objective on shares of Dicks Sporting Goods in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Dicks Sporting Goods has an average rating of “Buy” and an average price target of $57.91.
About Dicks 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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