ProVise Management Group LLC Purchases Shares of 16,758 Dicks Sporting Goods Inc (DKS)

ProVise Management Group LLC purchased a new position in shares of Dicks Sporting Goods Inc (NYSE:DKS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,758 shares of the sporting goods retailer’s stock, valued at approximately $482,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DKS. Cerebellum GP LLC acquired a new stake in shares of Dicks Sporting Goods during the fourth quarter worth about $122,000. Toronto Dominion Bank increased its position in shares of Dicks Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after purchasing an additional 2,927 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Dicks Sporting Goods during the third quarter worth about $132,000. State of Alaska Department of Revenue acquired a new stake in shares of Dicks Sporting Goods during the fourth quarter worth about $188,000. Finally, Vicus Capital acquired a new stake in shares of Dicks Sporting Goods during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 74.20% of the company’s stock.

A number of research firms have recently commented on DKS. BMO Capital Markets set a $40.00 target price on Dicks Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, January 11th. Cowen reiterated a “hold” rating and set a $28.00 target price on shares of Dicks Sporting Goods in a research report on Friday, November 3rd. Telsey Advisory Group upgraded Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $25.00 to $42.00 in a research report on Thursday, January 25th. Citigroup cut their target price on Dicks Sporting Goods from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, November 16th. Finally, Zacks Investment Research upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, January 31st. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $33.88.

Shares of Dicks Sporting Goods Inc (DKS) opened at $33.65 on Thursday. Dicks Sporting Goods Inc has a twelve month low of $23.88 and a twelve month high of $52.89. The firm has a market capitalization of $3,610.00, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 1.91 and a beta of 0.61. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Dicks Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities research analysts forecast that Dicks Sporting Goods Inc will post 2.99 earnings per share for the current fiscal year.

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Dicks Sporting Goods 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.

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

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