Smith Graham & Co. Investment Advisors LP Has $5.70 Million Position in Dicks Sporting Goods Inc (DKS)

Smith Graham & Co. Investment Advisors LP lifted its stake in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 160,640 shares of the sporting goods retailer’s stock after purchasing an additional 10,640 shares during the quarter. Smith Graham & Co. Investment Advisors LP owned 0.16% of Dicks Sporting Goods worth $5,700,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in Dicks Sporting Goods by 57.1% in the 1st quarter. LPL Financial LLC now owns 22,340 shares of the sporting goods retailer’s stock worth $783,000 after acquiring an additional 8,117 shares during the last quarter. Legal & General Group Plc increased its stake in Dicks Sporting Goods by 2.4% in the 1st quarter. Legal & General Group Plc now owns 140,206 shares of the sporting goods retailer’s stock worth $4,915,000 after acquiring an additional 3,267 shares during the last quarter. Royal Bank of Canada increased its stake in Dicks Sporting Goods by 9.2% in the 1st quarter. Royal Bank of Canada now owns 195,417 shares of the sporting goods retailer’s stock worth $6,849,000 after acquiring an additional 16,445 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in Dicks Sporting Goods by 33.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 12,000 shares of the sporting goods retailer’s stock worth $421,000 after acquiring an additional 3,000 shares during the last quarter. Finally, CIBC World Markets Inc. increased its stake in Dicks Sporting Goods by 134.6% in the 1st quarter. CIBC World Markets Inc. now owns 19,146 shares of the sporting goods retailer’s stock worth $671,000 after acquiring an additional 10,985 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

DKS has been the topic of a number of research analyst reports. Wells Fargo & Co decreased their target price on Dicks Sporting Goods from $42.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 30th. Citigroup decreased their target price on Dicks Sporting Goods from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 30th. Zacks Investment Research upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Monday, July 16th. Morgan Stanley upped their target price on Dicks Sporting Goods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 11th. Finally, ValuEngine upgraded Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. Dicks Sporting Goods has an average rating of “Hold” and a consensus price target of $36.42.

Shares of Dicks Sporting Goods stock opened at $36.98 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.24 and a current ratio of 1.53. The stock has a market cap of $3.34 billion, a PE ratio of 12.29, a PEG ratio of 1.57 and a beta of 0.38. Dicks Sporting Goods Inc has a 12 month low of $23.88 and a 12 month high of $39.74.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, August 29th. The sporting goods retailer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.24 billion. Dicks Sporting Goods had a return on equity of 17.72% and a net margin of 3.82%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. Research analysts forecast that Dicks Sporting Goods Inc will post 3.14 EPS for the current year.

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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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

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