Dicks Sporting Goods Inc (DKS) Holdings Cut by Bamco Inc. NY

Bamco Inc. NY lowered its stake in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,006,238 shares of the sporting goods retailer’s stock after selling 44,775 shares during the period. Bamco Inc. NY’s holdings in Dicks Sporting Goods were worth $28,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. ING Groep NV boosted its position in shares of Dicks Sporting Goods by 20.4% in the fourth quarter. ING Groep NV now owns 12,478 shares of the sporting goods retailer’s stock valued at $359,000 after acquiring an additional 2,110 shares during the period. AMP Capital Investors Ltd boosted its position in shares of Dicks Sporting Goods by 2.8% in the third quarter. AMP Capital Investors Ltd now owns 90,539 shares of the sporting goods retailer’s stock valued at $2,445,000 after acquiring an additional 2,456 shares during the period. Toronto Dominion Bank boosted its position in shares of Dicks Sporting Goods by 169.2% in the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after acquiring an additional 2,927 shares during the period. Diversified Investment Strategies LLC boosted its position in shares of Dicks Sporting Goods by 2.8% in the fourth quarter. Diversified Investment Strategies LLC now owns 126,025 shares of the sporting goods retailer’s stock valued at $3,622,000 after acquiring an additional 3,400 shares during the period. Finally, Investment Counselors of Maryland LLC boosted its position in shares of Dicks Sporting Goods by 14.0% in the third quarter. Investment Counselors of Maryland LLC now owns 28,865 shares of the sporting goods retailer’s stock valued at $780,000 after acquiring an additional 3,534 shares during the period. 70.22% of the stock is owned by hedge funds and other institutional investors.

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Dicks Sporting Goods Inc (NYSE DKS) opened at $31.92 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. Dicks Sporting Goods Inc has a 12 month low of $23.88 and a 12 month high of $52.31. The stock has a market capitalization of $3,430.00, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.225 per share. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.17. This represents a $0.90 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, March 8th. Dicks Sporting Goods’s dividend payout ratio is currently 25.09%.

Several equities research analysts have recently weighed in on the company. Oppenheimer reissued a “hold” rating on shares of Dicks Sporting Goods in a research report on Wednesday, January 24th. UBS Group raised Dicks Sporting Goods from a “neutral” rating to a “positive” rating in a research report on Tuesday, January 23rd. Susquehanna Bancshares raised Dicks Sporting Goods from a “neutral” rating to a “positive” rating and increased their price objective for the company from $25.00 to $41.00 in a research report on Tuesday, January 23rd. Telsey Advisory Group raised Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $25.00 to $42.00 in a research report on Thursday, January 25th. Finally, Cowen set a $34.00 price objective on Dicks Sporting Goods and gave the company a “hold” rating in a research report on Friday, January 12th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Dicks Sporting Goods presently has a consensus rating of “Hold” and an average price target of $33.96.

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Dicks Sporting Goods Company 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.

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

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