Letko Brosseau & Associates Inc. lowered its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,659,808 shares of the sporting goods retailer’s stock after selling 108,125 shares during the quarter. Letko Brosseau & Associates Inc. owned 1.80% of Dicks Sporting Goods worth $57,479,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Dicks Sporting Goods during the 2nd quarter valued at $158,000. Seelaus Asset Management LLC increased its holdings in Dicks Sporting Goods by 12.1% in the 2nd quarter. Seelaus Asset Management LLC now owns 32,500 shares of the sporting goods retailer’s stock valued at $1,125,000 after acquiring an additional 3,500 shares during the last quarter. Signaturefd LLC increased its holdings in Dicks Sporting Goods by 37.7% in the 2nd quarter. Signaturefd LLC now owns 1,986 shares of the sporting goods retailer’s stock valued at $69,000 after acquiring an additional 544 shares during the last quarter. Aperio Group LLC increased its holdings in Dicks Sporting Goods by 15.0% in the 2nd quarter. Aperio Group LLC now owns 197,145 shares of the sporting goods retailer’s stock valued at $6,827,000 after acquiring an additional 25,706 shares during the last quarter. Finally, AGF Investments LLC increased its holdings in Dicks Sporting Goods by 2.8% in the 2nd quarter. AGF Investments LLC now owns 25,398 shares of the sporting goods retailer’s stock valued at $880,000 after acquiring an additional 696 shares during the last quarter. Institutional investors own 83.25% of the company’s stock.
Shares of NYSE:DKS traded down $0.82 on Thursday, reaching $31.64. The company’s stock had a trading volume of 40,720 shares, compared to its average volume of 1,826,814. Dicks Sporting Goods Inc has a 52-week low of $29.69 and a 52-week high of $41.21. The company has a market cap of $2.96 billion, a P/E ratio of 9.79, a P/E/G ratio of 1.78 and a beta of 0.57. The business has a 50-day moving average price of $35.65. The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.67.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Dicks Sporting Goods had a net margin of 3.76% and a return on equity of 16.95%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the company posted $0.59 EPS. The business’s revenue was up .6% on a year-over-year basis. Equities research analysts predict that Dicks Sporting Goods Inc will post 3.33 earnings per share for the current fiscal year.
A number of analysts have issued reports on DKS shares. Bank of America set a $40.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a report on Thursday, May 30th. Goldman Sachs Group started coverage on shares of Dicks Sporting Goods in a report on Thursday, July 11th. They issued a “neutral” rating and a $38.00 price target on the stock. TheStreet downgraded shares of Dicks Sporting Goods from a “b” rating to a “c+” rating in a report on Thursday, June 20th. Zacks Investment Research upgraded shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, July 1st. Finally, ValuEngine downgraded shares of Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.00.
About Dicks Sporting Goods
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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
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