ClariVest Asset Management LLC Sells 15,573 Shares of Dick’s Sporting Goods Inc (NYSE:DKS)

ClariVest Asset Management LLC decreased its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,894 shares of the sporting goods retailer’s stock after selling 15,573 shares during the period. ClariVest Asset Management LLC owned approximately 0.38% of Dick’s Sporting Goods worth $17,083,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DKS. BlackRock Inc. raised its stake in Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock worth $414,382,000 after buying an additional 8,230,087 shares during the last quarter. Vanguard Group Inc. raised its stake in Dick’s Sporting Goods by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,666,349 shares of the sporting goods retailer’s stock worth $324,384,000 after buying an additional 280,056 shares during the last quarter. State Street Corp raised its stake in Dick’s Sporting Goods by 2.2% in the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock worth $157,904,000 after buying an additional 69,237 shares during the last quarter. Renaissance Technologies LLC raised its stake in Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock worth $99,977,000 after buying an additional 1,662,700 shares during the last quarter. Finally, OZ Management LP purchased a new stake in Dick’s Sporting Goods during the first quarter worth $86,412,000. Hedge funds and other institutional investors own 79.11% of the company’s stock.

Shares of Dick’s Sporting Goods Inc (NYSE:DKS) opened at 34.00 on Friday. Dick’s Sporting Goods Inc has a one year low of $33.32 and a one year high of $62.88. The firm has a market capitalization of $3.82 billion, a P/E ratio of 13.17 and a beta of 0.47. The company’s 50 day moving average price is $37.58 and its 200 day moving average price is $45.09.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.54. Dick’s Sporting Goods had a return on equity of 18.61% and a net margin of 3.57%. The company 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 firm posted $0.50 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts expect that Dick’s Sporting Goods Inc will post $3.65 EPS for the current fiscal year.

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A number of analysts recently weighed in on DKS shares. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Barclays PLC restated an “equal weight” rating and set a $46.00 target price (down from $50.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. B. Riley restated a “buy” rating and set a $58.00 target price on shares of Dick’s Sporting Goods in a research note on Monday, May 22nd. UBS AG lowered shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 16th. Finally, Cowen and Company set a $55.00 target price on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty have assigned a buy rating to the company. Dick’s Sporting Goods presently has a consensus rating of “Hold” and an average price target of $55.09.

Dick’s Sporting Goods Company 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.

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

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