Schroder Investment Management Group Buys 391,000 Shares of Dick’s Sporting Goods Inc (DKS)

Schroder Investment Management Group grew its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 256.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 543,300 shares of the sporting goods retailer’s stock after purchasing an additional 391,000 shares during the quarter. Schroder Investment Management Group owned approximately 0.50% of Dick’s Sporting Goods worth $14,903,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Dick’s Sporting Goods by 2.0% in the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after purchasing an additional 135,991 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of Dick’s Sporting Goods by 263.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock valued at $224,411,000 after acquiring an additional 4,085,414 shares during the last quarter. Northern Trust Corp lifted its position in shares of Dick’s Sporting Goods by 54.6% during the 2nd quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after acquiring an additional 1,339,379 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Dick’s Sporting Goods by 10.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,828,157 shares of the sporting goods retailer’s stock valued at $72,815,000 after acquiring an additional 176,439 shares during the last quarter. Finally, Manning & Napier Advisors LLC lifted its position in shares of Dick’s Sporting Goods by 16.2% during the 3rd quarter. Manning & Napier Advisors LLC now owns 1,213,325 shares of the sporting goods retailer’s stock valued at $32,771,000 after acquiring an additional 169,370 shares during the last quarter. 71.65% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the company. Cowen reiterated a “hold” rating and set a $26.00 price objective on shares of Dick’s Sporting Goods in a research report on Friday, November 17th. Citigroup dropped their price target on shares of Dick’s Sporting Goods from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, November 16th. Zacks Investment Research raised shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. BMO Capital Markets decreased their price target on shares of Dick’s Sporting Goods from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Finally, Forward View upgraded shares of Dick’s Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.92.

Dick’s Sporting Goods Inc (NYSE DKS) traded up $0.07 during midday trading on Thursday, reaching $30.12. 3,171,300 shares of the company’s stock were exchanged, compared to its average volume of 3,053,383. Dick’s Sporting Goods Inc has a 52-week low of $23.88 and a 52-week high of $62.80. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. The company has a market cap of $3,227.46, a P/E ratio of 9.63, a P/E/G ratio of 1.64 and a beta of 0.57.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. research analysts forecast that Dick’s Sporting Goods Inc will post 2.97 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, December 7th. Dick’s Sporting Goods’s dividend payout ratio is 25.09%.

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Dick’s Sporting Goods Company Profile

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.

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Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

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