Sciencast Management LP Buys Shares of 7,500 Dick’s Sporting Goods Inc (DKS)

Sciencast Management LP bought a new stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,500 shares of the sporting goods retailer’s stock, valued at approximately $299,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DKS. Creative Planning lifted its stake in Dick’s Sporting Goods by 72.2% during the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after acquiring an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Dick’s Sporting Goods by 30.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after acquiring an additional 653 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in Dick’s Sporting Goods during the 1st quarter valued at about $114,000. Nordea Investment Management AB lifted its stake in Dick’s Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares during the period. Finally, QS Investors LLC lifted its stake in Dick’s Sporting Goods by 57,533.3% during the 2nd quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after acquiring an additional 5,178 shares during the period. Institutional investors and hedge funds own 77.76% of the company’s stock.

In related news, Director William J. Colombo purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the acquisition, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.09% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Sciencast Management LP Buys Shares of 7,500 Dick’s Sporting Goods Inc (DKS)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://ledgergazette.com/2017/10/10/sciencast-management-lp-buys-shares-of-7500-dicks-sporting-goods-inc-dks.html.

Dick’s Sporting Goods Inc (NYSE DKS) traded up 1.419% during midday trading on Tuesday, reaching $27.525. 131,030 shares of the company’s stock were exchanged. Dick’s Sporting Goods Inc has a 52 week low of $25.94 and a 52 week high of $62.88. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 9.876 and a beta of 0.51. The firm’s 50 day moving average is $27.05 and its 200 day moving average is $38.38.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate 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 was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s payout ratio is presently 24.29%.

Several equities analysts have issued reports on DKS shares. ValuEngine cut shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets restated an “outperform” rating on shares of Dick’s Sporting Goods in a research note on Thursday, September 14th. Telsey Advisory Group cut shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $52.00 to $40.00 in a research note on Monday, July 24th. Canaccord Genuity restated a “buy” rating and set a $52.00 target price on shares of Dick’s Sporting Goods in a research note on Friday, July 21st. Finally, Cleveland Research cut shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Three research a

A number of other institutional investors and hedge funds also recently bought and sold shares of DKS. Creative Planning lifted its stake in Dick’s Sporting Goods by 72.2% during the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after acquiring an additional 1,118 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Dick’s Sporting Goods by 30.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after acquiring an additional 653 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in Dick’s Sporting Goods during the 1st quarter valued at about $114,000. Nordea Investment Management AB lifted its stake in Dick’s Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after acquiring an additional 26 shares during the period. Finally, QS Investors LLC lifted its stake in Dick’s Sporting Goods by 57,533.3% during the 2nd quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after acquiring an additional 5,178 shares during the period. Institutional investors and hedge funds own 77.76% of the company’s stock.

In related news, Director William J. Colombo purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the acquisition, the director now owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.09% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Sciencast Management LP Buys Shares of 7,500 Dick’s Sporting Goods Inc (DKS)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://ledgergazette.com/2017/10/10/sciencast-management-lp-buys-shares-of-7500-dicks-sporting-goods-inc-dks.html.

Dick’s Sporting Goods Inc (NYSE DKS) traded up 1.419% during midday trading on Tuesday, reaching $27.525. 131,030 shares of the company’s stock were exchanged. Dick’s Sporting Goods Inc has a 52 week low of $25.94 and a 52 week high of $62.88. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 9.876 and a beta of 0.51. The firm’s 50 day moving average is $27.05 and its 200 day moving average is $38.38.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts anticipate 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 was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s payout ratio is presently 24.29%.

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

About Dick’s 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.

Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

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