Dick’s Sporting Goods Inc (DKS) Holdings Reduced by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 303,461 shares of the sporting goods retailer’s stock after selling 12,277 shares during the quarter. Ameriprise Financial Inc. owned about 0.27% of Dick’s Sporting Goods worth $12,088,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Somerset Trust Co increased its holdings in Dick’s Sporting Goods by 0.4% in the 2nd quarter. Somerset Trust Co now owns 7,233 shares of the sporting goods retailer’s stock valued at $288,000 after buying an additional 30 shares during the period. US Bancorp DE increased its holdings in Dick’s Sporting Goods by 0.8% in the 2nd quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock valued at $901,000 after buying an additional 174 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in Dick’s Sporting Goods by 1.6% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock valued at $694,000 after buying an additional 241 shares during the period. Investment Counselors of Maryland LLC increased its holdings in Dick’s Sporting Goods by 1.1% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 25,331 shares of the sporting goods retailer’s stock valued at $1,009,000 after buying an additional 275 shares during the period. Finally, Capstone Asset Management Co. increased its holdings in Dick’s Sporting Goods by 2.7% in the 2nd quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer’s stock valued at $457,000 after buying an additional 300 shares during the period. 77.76% of the stock is currently owned by hedge funds and other institutional investors.

DKS has been the topic of several recent analyst reports. ValuEngine lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reissued an “outperform” rating on shares of Dick’s Sporting Goods in a report on Thursday, September 14th. Telsey Advisory Group lowered shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $52.00 to $40.00 in a report on Monday, July 24th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 target price on shares of Dick’s Sporting Goods in a report on Friday, July 21st. Finally, Cleveland Research lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $38.92.

In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of Dick’s Sporting Goods stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the transaction, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The purchase was disclosed in a filing with the SEC, which is available at this link. 23.09% of the stock is owned by company insiders.

Shares of Dick’s Sporting Goods Inc (DKS) opened at 27.62 on Monday. The company’s 50-day moving average is $27.04 and its 200 day moving average is $38.66. The firm has a market capitalization of $3.02 billion, a P/E ratio of 9.91 and a beta of 0.51. Dick’s Sporting Goods Inc has a 52-week low of $25.94 and a 52-week high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly 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 net margin of 3.74% and a return on equity of 19.09%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. Analysts expect that Dick’s Sporting Goods Inc will post $2.90 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s payout ratio is currently 24.29%.

TRADEMARK VIOLATION NOTICE: “Dick’s Sporting Goods Inc (DKS) Holdings Reduced by Ameriprise Financial Inc.” was

A number of other hedge funds have also recently added to or reduced their stakes in the business. Somerset Trust Co increased its holdings in Dick’s Sporting Goods by 0.4% in the 2nd quarter. Somerset Trust Co now owns 7,233 shares of the sporting goods retailer’s stock valued at $288,000 after buying an additional 30 shares during the period. US Bancorp DE increased its holdings in Dick’s Sporting Goods by 0.8% in the 2nd quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock valued at $901,000 after buying an additional 174 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in Dick’s Sporting Goods by 1.6% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 15,395 shares of the sporting goods retailer’s stock valued at $694,000 after buying an additional 241 shares during the period. Investment Counselors of Maryland LLC increased its holdings in Dick’s Sporting Goods by 1.1% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 25,331 shares of the sporting goods retailer’s stock valued at $1,009,000 after buying an additional 275 shares during the period. Finally, Capstone Asset Management Co. increased its holdings in Dick’s Sporting Goods by 2.7% in the 2nd quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer’s stock valued at $457,000 after buying an additional 300 shares during the period. 77.76% of the stock is currently owned by hedge funds and other institutional investors.

DKS has been the topic of several recent analyst reports. ValuEngine lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reissued an “outperform” rating on shares of Dick’s Sporting Goods in a report on Thursday, September 14th. Telsey Advisory Group lowered shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $52.00 to $40.00 in a report on Monday, July 24th. Canaccord Genuity reissued a “buy” rating and issued a $52.00 target price on shares of Dick’s Sporting Goods in a report on Friday, July 21st. Finally, Cleveland Research lowered shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $38.92.

In other Dick’s Sporting Goods news, Director William J. Colombo purchased 20,000 shares of Dick’s Sporting Goods stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the transaction, the director now directly owns 323,224 shares of the company’s stock, valued at $8,484,630. The purchase was disclosed in a filing with the SEC, which is available at this link. 23.09% of the stock is owned by company insiders.

Shares of Dick’s Sporting Goods Inc (DKS) opened at 27.62 on Monday. The company’s 50-day moving average is $27.04 and its 200 day moving average is $38.66. The firm has a market capitalization of $3.02 billion, a P/E ratio of 9.91 and a beta of 0.51. Dick’s Sporting Goods Inc has a 52-week low of $25.94 and a 52-week high of $62.88.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly 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 net margin of 3.74% and a return on equity of 19.09%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. Analysts expect that Dick’s Sporting Goods Inc will post $2.90 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s payout ratio is currently 24.29%.

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Dick’s Sporting Goods 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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