Livforsakringsbolaget Skandia Omsesidigt Decreases Holdings in Dicks Sporting Goods Inc (DKS)

Livforsakringsbolaget Skandia Omsesidigt cut its holdings in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 16.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,600 shares of the sporting goods retailer’s stock after selling 6,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Dicks Sporting Goods were worth $1,157,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. LPL Financial LLC raised its position in Dicks Sporting Goods by 57.1% in the first quarter. LPL Financial LLC now owns 22,340 shares of the sporting goods retailer’s stock valued at $783,000 after purchasing an additional 8,117 shares during the period. Legal & General Group Plc raised its position in Dicks Sporting Goods by 2.4% in the first quarter. Legal & General Group Plc now owns 140,206 shares of the sporting goods retailer’s stock valued at $4,915,000 after purchasing an additional 3,267 shares during the period. Royal Bank of Canada raised its position in Dicks Sporting Goods by 9.2% in the first quarter. Royal Bank of Canada now owns 195,417 shares of the sporting goods retailer’s stock valued at $6,849,000 after purchasing an additional 16,445 shares during the period. Xact Kapitalforvaltning AB raised its position in Dicks Sporting Goods by 33.3% in the first quarter. Xact Kapitalforvaltning AB now owns 12,000 shares of the sporting goods retailer’s stock valued at $421,000 after purchasing an additional 3,000 shares during the period. Finally, CIBC World Markets Inc. raised its position in Dicks Sporting Goods by 134.6% in the first quarter. CIBC World Markets Inc. now owns 19,146 shares of the sporting goods retailer’s stock valued at $671,000 after purchasing an additional 10,985 shares during the period. 73.79% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented on DKS shares. Zacks Investment Research raised Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Monday, July 16th. Wells Fargo & Co cut their price objective on Dicks Sporting Goods from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. Citigroup cut their price objective on Dicks Sporting Goods from $41.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. Morgan Stanley lifted their target price on 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. Finally, ValuEngine raised Dicks Sporting Goods from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. Dicks Sporting Goods presently has a consensus rating of “Hold” and an average price target of $36.42.



Shares of NYSE DKS opened at $33.05 on Monday. Dicks Sporting Goods Inc has a 1 year low of $23.88 and a 1 year high of $39.74. The stock has a market cap of $3.34 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 1.50 and a beta of 0.38. 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 posted its quarterly earnings results on Wednesday, August 29th. The sporting goods retailer reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.14. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. Dicks Sporting Goods had a return on equity of 17.72% and a net margin of 3.82%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. Equities research analysts anticipate that Dicks Sporting Goods Inc will post 3.14 earnings per share for the current year.

Dicks Sporting Goods Company Profile

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.

See Also: Yield Curve

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

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

Leave a Reply