Russell Investments Group Ltd. Raises Stock Position in Dicks Sporting Goods Inc (NYSE:DKS)

Russell Investments Group Ltd. increased its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 158.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 461,164 shares of the sporting goods retailer’s stock after purchasing an additional 282,944 shares during the quarter. Russell Investments Group Ltd. owned 0.51% of Dicks Sporting Goods worth $18,762,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Bank & Trust boosted its stake in shares of Dicks Sporting Goods by 7.3% during the 2nd quarter. First Bank & Trust now owns 5,785 shares of the sporting goods retailer’s stock worth $200,000 after acquiring an additional 395 shares during the last quarter. Investors Research Corp boosted its stake in shares of Dicks Sporting Goods by 23.5% during the 2nd quarter. Investors Research Corp now owns 2,100 shares of the sporting goods retailer’s stock worth $73,000 after acquiring an additional 400 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Dicks Sporting Goods by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 29,934 shares of the sporting goods retailer’s stock worth $1,037,000 after acquiring an additional 422 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of Dicks Sporting Goods by 3.8% during the 3rd quarter. Alpha Windward LLC now owns 13,140 shares of the sporting goods retailer’s stock worth $536,000 after acquiring an additional 480 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its stake in shares of Dicks Sporting Goods by 0.3% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 157,790 shares of the sporting goods retailer’s stock worth $6,439,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 79.95% of the company’s stock.

Shares of DKS traded down $0.26 during trading hours on Friday, reaching $41.13. 2,023,675 shares of the stock traded hands, compared to its average volume of 2,260,265. The company has a current ratio of 1.28, a quick ratio of 0.17 and a debt-to-equity ratio of 1.73. Dicks Sporting Goods Inc has a 52-week low of $29.69 and a 52-week high of $41.59. The company’s 50-day moving average price is $39.47 and its two-hundred day moving average price is $36.56. The company has a market cap of $3.65 billion, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 1.99 and a beta of 0.58.

Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Thursday, August 22nd. The sporting goods retailer reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.05. Dicks Sporting Goods had a net margin of 3.64% and a return on equity of 16.96%. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the company earned $1.20 EPS. Dicks Sporting Goods’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, research analysts forecast that Dicks Sporting Goods Inc will post 3.38 EPS for the current year.

Several brokerages have recently weighed in on DKS. Argus lifted their price target on shares of Dicks Sporting Goods to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Goldman Sachs Group upgraded shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $38.00 to $45.00 in a research note on Friday, October 25th. Morgan Stanley set a $36.00 price target on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Citigroup set a $37.00 price target on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Friday, August 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Dicks Sporting Goods from $34.00 to $38.00 and gave the stock a “hold” rating in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Dicks Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $41.47.

Dicks Sporting Goods 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.

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

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