Dick’s Sporting Goods Inc (DKS) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its holdings in Dick’s Sporting Goods Inc (NYSE:DKS) by 60.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 278,155 shares of the sporting goods retailer’s stock after selling 421,782 shares during the quarter. Prudential Financial Inc. owned about 0.25% of Dick’s Sporting Goods worth $11,079,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BlackRock Inc. grew its position in shares of Dick’s Sporting Goods by 2,879.3% in the first quarter. BlackRock Inc. now owns 8,515,919 shares of the sporting goods retailer’s stock valued at $414,382,000 after purchasing an additional 8,230,087 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Dick’s Sporting Goods by 4.4% in the first quarter. Vanguard Group Inc. now owns 6,666,349 shares of the sporting goods retailer’s stock valued at $324,384,000 after purchasing an additional 280,056 shares during the last quarter. State Street Corp grew its position in shares of Dick’s Sporting Goods by 2.2% in the first quarter. State Street Corp now owns 3,244,995 shares of the sporting goods retailer’s stock valued at $157,904,000 after purchasing an additional 69,237 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Dick’s Sporting Goods by 424.3% in the first quarter. Renaissance Technologies LLC now owns 2,054,600 shares of the sporting goods retailer’s stock valued at $99,977,000 after purchasing an additional 1,662,700 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Dick’s Sporting Goods by 10.7% in the second 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 purchasing an additional 176,439 shares during the last quarter. 77.74% of the stock is currently owned by institutional investors.

Dick’s Sporting Goods Inc (NYSE DKS) opened at 27.10 on Tuesday. Dick’s Sporting Goods Inc has a 52-week low of $25.94 and a 52-week high of $62.88. The company has a 50-day moving average of $31.25 and a 200 day moving average of $41.62. The company has a market cap of $2.96 billion, a PE ratio of 9.72 and a beta of 0.52.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.04. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. Dick’s Sporting Goods’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. Equities research analysts predict that Dick’s Sporting Goods Inc will post $2.90 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.51%. The ex-dividend date is Thursday, September 7th. Dick’s Sporting Goods’s payout ratio is 24.29%.

TRADEMARK VIOLATION WARNING: “Dick’s Sporting Goods Inc (DKS) Shares Sold by Prudential Financial Inc.” was originally reported by Markets Daily and is the property of of Markets Daily. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/09/12/dicks-sporting-goods-inc-dks-shares-sold-by-prudential-financial-inc.html.

A number of research firms recently weighed in on DKS. Bank of America Corporation reissued a “buy” rating and set a $55.00 target price (down from $65.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Canaccord Genuity reissued a “buy” rating and set a $52.00 target price on shares of Dick’s Sporting Goods in a research report on Friday, July 21st. Telsey Advisory Group downgraded Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $52.00 to $40.00 in a research report on Monday, July 24th. BMO Capital Markets set a $62.00 target price on Dick’s Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, July 6th. Finally, Cleveland Research downgraded Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Four analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.93.

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 stock was acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the purchase, the director now directly owns 323,224 shares in the company, valued at $8,484,630. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.09% of the stock is owned by corporate insiders.

About Dick’s Sporting Goods

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 Dick`s Sporting Goods (NYSE:DKS)

Receive News & Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply