Artemis Investment Management LLP lowered its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 93.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the sporting goods retailer’s stock after selling 278,400 shares during the quarter. Artemis Investment Management LLP’s holdings in Dicks Sporting Goods were worth $710,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in DKS. Meeder Asset Management Inc. lifted its stake in Dicks Sporting Goods by 1,041.8% in the third quarter. Meeder Asset Management Inc. now owns 3,220 shares of the sporting goods retailer’s stock valued at $114,000 after buying an additional 2,938 shares in the last quarter. Global X Management Co LLC lifted its position in shares of Dicks Sporting Goods by 55.1% in the second quarter. Global X Management Co LLC now owns 5,310 shares of the sporting goods retailer’s stock worth $187,000 after purchasing an additional 1,886 shares in the last quarter. Highlander Capital Management LLC bought a new stake in shares of Dicks Sporting Goods in the second quarter worth $194,000. Bridgewater Associates LP bought a new stake in shares of Dicks Sporting Goods in the second quarter worth $201,000. Finally, MML Investors Services LLC bought a new stake in shares of Dicks Sporting Goods in the third quarter worth $217,000. 81.06% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the stock. OTR Global raised shares of Dicks Sporting Goods to a “positive” rating in a research report on Wednesday, August 15th. ValuEngine raised shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Morgan Stanley boosted their price objective on shares of Dicks Sporting Goods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 11th. Cowen boosted their price objective on shares of Dicks Sporting Goods from $37.00 to $42.00 and gave the stock a “hold” rating in a research report on Thursday, August 23rd. Finally, Canaccord Genuity set a $36.00 price objective on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Dicks Sporting Goods has an average rating of “Hold” and a consensus price target of $39.32.
Shares of DKS opened at $34.78 on Friday. The firm has a market cap of $3.55 billion, a P/E ratio of 11.55, a PEG ratio of 1.59 and a beta of 0.35. Dicks Sporting Goods Inc has a 1-year low of $26.71 and a 1-year high of $39.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.24 and a current ratio of 1.53.
Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, August 29th. The sporting goods retailer reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.14. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. Dicks Sporting Goods had a net margin of 3.82% and a return on equity of 17.72%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. On average, analysts predict that Dicks Sporting Goods Inc will post 3.15 earnings per share for the current year.
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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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