UBS Asset Management Americas Inc. increased its holdings in Dick’s Sporting Goods Inc (NYSE:DKS) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 317,098 shares of the sporting goods retailer’s stock after purchasing an additional 25,234 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.28% of Dick’s Sporting Goods worth $12,630,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in shares of Dick’s Sporting Goods by 6.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock worth $14,253,000 after purchasing an additional 18,198 shares during the last quarter. Manning & Napier Advisors LLC lifted its holdings in Dick’s Sporting Goods by 1,173.1% in the second quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock valued at $41,580,000 after buying an additional 961,955 shares during the period. Diversified Investment Strategies LLC lifted its holdings in Dick’s Sporting Goods by 11.0% in the second quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock valued at $3,078,000 after buying an additional 7,675 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Dick’s Sporting Goods by 13.8% in the second quarter. Oppenheimer & Co. Inc. now owns 196,471 shares of the sporting goods retailer’s stock valued at $7,826,000 after buying an additional 23,852 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Dick’s Sporting Goods by 1,779.5% during the first quarter. Lazard Asset Management LLC now owns 70,782 shares of the sporting goods retailer’s stock valued at $3,443,000 after purchasing an additional 67,016 shares during the period. 77.76% of the stock is currently owned by institutional investors.

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Several equities analysts have recently weighed in on the stock. Wells Fargo & Company set a $29.00 price objective on shares of Dick’s Sporting Goods and gave the company a “hold” rating in a report on Wednesday. Cowen and Company reissued a “hold” rating and set a $28.00 target price on shares of Dick’s Sporting Goods in a research report on Thursday, September 28th. BMO Capital Markets reissued an “outperform” rating on shares of Dick’s Sporting Goods in a research report on Thursday, September 14th. ValuEngine downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dick’s Sporting Goods in a research report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have given a buy rating to the company’s stock. Dick’s Sporting Goods presently has a consensus rating of “Hold” and an average target price of $37.73.

Dick’s Sporting Goods Inc (NYSE DKS) traded down 0.44% during trading on Friday, hitting $24.85. 2,409,612 shares of the company traded hands. The company’s 50 day moving average is $26.95 and its 200-day moving average is $37.90. Dick’s Sporting Goods Inc has a 52 week low of $24.60 and a 52 week high of $62.88. The stock has a market capitalization of $2.72 billion, a PE ratio of 8.92 and a beta of 0.51.

Dick’s Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.04). The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. Analysts predict that Dick’s Sporting Goods Inc will post $2.90 earnings per share for the current 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 2.74%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio is presently 24.29%.

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 stock was bought at an average cost of $26.25 per share, with a total value of $525,000.00. Following the transaction, 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 available through this hyperlink. Company insiders own 23.09% of the company’s stock.

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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