Dicks Sporting Goods Inc (NYSE:DKS) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp raised its stake in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,800 shares of the sporting goods retailer’s stock after purchasing an additional 7,100 shares during the period. Alberta Investment Management Corp owned 0.13% of Dicks Sporting Goods worth $2,377,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Schroder Investment Management Group acquired a new position in Dicks Sporting Goods during the fourth quarter worth approximately $99,398,000. Norges Bank acquired a new position in Dicks Sporting Goods during the fourth quarter worth approximately $73,988,000. FMR LLC increased its position in Dicks Sporting Goods by 32.4% during the first quarter. FMR LLC now owns 1,431,090 shares of the sporting goods retailer’s stock worth $52,679,000 after purchasing an additional 350,515 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Dicks Sporting Goods by 63.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,370,203 shares of the sporting goods retailer’s stock worth $29,129,000 after purchasing an additional 533,820 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Dicks Sporting Goods by 16.6% during the fourth quarter. Geode Capital Management LLC now owns 804,307 shares of the sporting goods retailer’s stock worth $39,805,000 after purchasing an additional 114,376 shares during the last quarter. 77.11% of the stock is owned by hedge funds and other institutional investors.

DKS has been the subject of several research reports. Wedbush decreased their price objective on shares of Dicks Sporting Goods from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, March 5th. Nomura Instinet boosted their price objective on shares of Dicks Sporting Goods from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Robert W. Baird decreased their price objective on shares of Dicks Sporting Goods from $51.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, March 10th. Nomura boosted their price objective on shares of Dicks Sporting Goods from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Goldman Sachs Group reiterated a “buy” rating and set a $40.00 price objective (down from $51.00) on shares of Dicks Sporting Goods in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $40.09.

DKS opened at $32.09 on Friday. The stock has a market capitalization of $2.68 billion, a PE ratio of 8.29, a P/E/G ratio of 1.94 and a beta of 1.53. The firm’s fifty day moving average price is $26.55 and its 200 day moving average price is $37.47. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.16 and a quick ratio of 0.10. Dicks Sporting Goods Inc has a 12-month low of $13.46 and a 12-month high of $49.80.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, March 10th. The sporting goods retailer reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.10. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Dicks Sporting Goods had a net margin of 3.40% and a return on equity of 18.72%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. On average, equities research analysts forecast that Dicks Sporting Goods Inc will post 1.9 earnings per share for the current fiscal year.

Dicks Sporting Goods 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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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

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