Dick's Sporting Goods Inc (DKS) Stake Increased by Dimensional Fund Advisors Lp

Dick's Sporting Goods Inc (DKS) Stake Increased by Dimensional Fund Advisors Lp

Several other research firms have also recently commented on DKS.

The company is so far trading down by 5.78% since yesterday's close of 26.32. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer's stock valued at $151,003,000 after purchasing an additional 1,339,379 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Dick's Sporting Goods by 1.6% in the second quarter. Capstone Asset Management Co. now owns 11,462 shares of the sporting goods retailer's stock valued at $457,000 after buying an additional 300 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Dick's Sporting Goods by 263.8% in the second quarter. Teachers Advisors LLC now owns 173,167 shares of the sporting goods retailer's stock valued at $8,426,000 after buying an additional 26,401 shares during the last quarter. Finally, Creative Planning lifted its stake in Dick's Sporting Goods by 72.2% in the second quarter. Daiwa Securities Group Inc. now owns 2,200 shares of the sporting goods retailer's stock valued at $125,000 after buying an additional 200 shares in the last quarter. Manning & Napier Advisors LLC bolstered its stake by buying 45,745 shares an increase of 34.4%.

Other large investors have also modified their holdings of the company. While the stock price moved along with the volume change, shares are touching $25.07 at the time of writing. (NYSE:DKS) touched its 1-Year High price of $62.88 on 12/08/16 and its 1-Year Low price of $23.88 on 11/01/17. As of today, the company has a SMA200 (200-day simple moving average) of -32.59 Percent.

On November 9, 2017, the company's Board of Directors authorized and declared a quarterly dividend in the amount of $0.17 per share on the company's Common Stock and Class B Common Stock. The correct version of this piece of content can be accessed at https://www.truebluetribune.com/2017/11/14/dicks-sporting-goods-dks-hold-rating-reaffirmed-at-oppenheimer-holdings-inc.html. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04.

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Revenue rose 7.4 percent to $1.94 billion, also beating Street forecasts. The firm's revenue was up 10.2% on a year-over-year basis.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -32.59%, and has a solid year to date (YTD) performance of -50.43% which means that the stock is constantly adding to its value from the previous fiscal year end price. As of the end of the quarter Oppenheimer & Co Inc had disposed of 40,228 shares trimming its position 20.5%. This represents a $0.68 annualized dividend and a yield of 2.58%. The ex-dividend date was Wednesday, December 7th. Dick's Sporting Goods's dividend payout ratio (DPR) is presently 24.29%. Canaccord Genuity set a $27.00 target price on shares of Dick's Sporting Goods and gave the stock a "hold" rating in a research note on Sunday. On November 2 BMO Capital Markets made no change to the stock rating of "Buy" projecting a price of $37.00. Finally, Cleveland Research downgraded Dick's Sporting Goods from a "buy" rating to a "hold" rating in a report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have given a buy rating to the stock. The company now has an average rating of "Buy" and a consensus price target of $61.57.

In related news, Director William J. Colombo acquired 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $58.45, for a total transaction of $1,403,676.75. After releasing earnings, the stock was up 2%, then fell 3% and is now trading up 0.75%. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. While the stock price moved along with the volume change, shares are touching $13.29. During fiscal 2017, the company repurchased approximately 6.8 million shares of its common stock at an average cost of $35.70 per share, for a total cost of $242 million, and has approximately $0.8 billion remaining under its authorization that extends through 2021. The disclosure for this sale can be found here. Institutional investors own 75.92% of the company's stock.

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.

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