Xact Kapitalforvaltning AB reduced its holdings in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,400 shares of the sporting goods retailer’s stock after selling 500 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Dicks Sporting Goods were worth $464,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co lifted its position in shares of Dicks Sporting Goods by 4,150.0% during the 1st quarter. CENTRAL TRUST Co now owns 850 shares of the sporting goods retailer’s stock worth $31,000 after buying an additional 830 shares during the last quarter. Bremer Bank National Association bought a new stake in shares of Dicks Sporting Goods during the 1st quarter worth $32,000. WP Advisors LLC bought a new stake in shares of Dicks Sporting Goods during the 1st quarter worth $62,000. Investors Research Corp bought a new stake in shares of Dicks Sporting Goods during the 1st quarter worth $63,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Dicks Sporting Goods during the 1st quarter worth $66,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Shares of DKS traded down $0.03 during mid-day trading on Monday, reaching $37.46. 36,903 shares of the company were exchanged, compared to its average volume of 1,596,949. Dicks Sporting Goods Inc has a 52 week low of $29.69 and a 52 week high of $41.21. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.31 and a quick ratio of 0.16. The company has a market capitalization of $3.45 billion, a PE ratio of 11.56, a PEG ratio of 2.00 and a beta of 0.59. The stock has a 50 day simple moving average of $35.65.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. Dicks Sporting Goods had a return on equity of 16.95% and a net margin of 3.76%. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Equities research analysts predict that Dicks Sporting Goods Inc will post 3.33 EPS for the current fiscal year.

Several equities analysts have commented on DKS shares. Goldman Sachs Group upgraded Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Thursday, July 11th. ValuEngine upgraded WEX from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Citigroup started coverage on Dicks Sporting Goods in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $40.00 target price for the company. TheStreet downgraded Misonix from a “c-” rating to a “d” rating in a research report on Thursday, June 20th. Finally, Bank of America set a $165.00 target price on PVH and gave the company a “buy” rating in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.00.

Dicks Sporting Goods Company 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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Further Reading: What is the balance sheet?

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Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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