ProVise Management Group LLC lessened its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 10.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,082 shares of the sporting goods retailer’s stock after selling 1,676 shares during the quarter. ProVise Management Group LLC’s holdings in Dicks Sporting Goods were worth $529,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. ING Groep NV raised its stake in Dicks Sporting Goods by 20.4% in the fourth quarter. ING Groep NV now owns 12,478 shares of the sporting goods retailer’s stock valued at $359,000 after purchasing an additional 2,110 shares in the last quarter. Swiss National Bank raised its stake in Dicks Sporting Goods by 1.9% in the first quarter. Swiss National Bank now owns 147,000 shares of the sporting goods retailer’s stock valued at $5,152,000 after purchasing an additional 2,800 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Dicks Sporting Goods by 8.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,318 shares of the sporting goods retailer’s stock valued at $1,343,000 after purchasing an additional 3,023 shares in the last quarter. Diversified Investment Strategies LLC raised its stake in Dicks Sporting Goods by 2.8% in the fourth quarter. Diversified Investment Strategies LLC now owns 126,025 shares of the sporting goods retailer’s stock valued at $3,622,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in Dicks Sporting Goods in the fourth quarter valued at about $122,000. 71.30% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on DKS shares. UBS raised Dicks Sporting Goods from a “neutral” rating to a “positive” rating in a research note on Tuesday, January 23rd. Susquehanna Bancshares raised Dicks Sporting Goods from a “neutral” rating to a “positive” rating and boosted their price target for the company from $25.00 to $41.00 in a research note on Tuesday, January 23rd. Oppenheimer reaffirmed a “hold” rating on shares of Dicks Sporting Goods in a research note on Wednesday, January 24th. Credit Suisse Group set a $24.00 price target on Dicks Sporting Goods and gave the company a “hold” rating in a research note on Tuesday, March 13th. Finally, Canaccord Genuity set a $33.00 target price on Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Friday, March 9th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.29.
NYSE:DKS opened at $31.00 on Friday. The stock has a market cap of $3.24 billion, a PE ratio of 10.30, a PEG ratio of 1.09 and a beta of 0.50. The company has a current ratio of 1.41, a quick ratio of 0.21 and a debt-to-equity ratio of 0.03. Dicks Sporting Goods Inc has a 1-year low of $23.88 and a 1-year high of $42.76.
Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Dicks Sporting Goods had a return on equity of 16.86% and a net margin of 3.77%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 earnings per share. sell-side analysts anticipate that Dicks Sporting Goods Inc will post 2.94 earnings per share for the current year.
Dicks Sporting Goods 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.
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