9,796 Shares in Dicks Sporting Goods Inc (NYSE:DKS) Purchased by Quantamental Technologies LLC

Quantamental Technologies LLC purchased a new stake in Dicks Sporting Goods Inc (NYSE:DKS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,796 shares of the sporting goods retailer’s stock, valued at approximately $306,000.

Several other hedge funds also recently bought and sold shares of the company. Huntington National Bank increased its holdings in shares of Dicks Sporting Goods by 36.8% during the fourth quarter. Huntington National Bank now owns 1,779 shares of the sporting goods retailer’s stock worth $56,000 after purchasing an additional 479 shares during the period. D.B. Root & Company LLC increased its holdings in shares of Dicks Sporting Goods by 8.4% during the fourth quarter. D.B. Root & Company LLC now owns 6,467 shares of the sporting goods retailer’s stock worth $202,000 after purchasing an additional 501 shares during the period. Bank of Montreal Can increased its holdings in shares of Dicks Sporting Goods by 1.7% during the fourth quarter. Bank of Montreal Can now owns 88,088 shares of the sporting goods retailer’s stock worth $2,749,000 after purchasing an additional 1,475 shares during the period. Diversified Investment Strategies LLC increased its holdings in shares of Dicks Sporting Goods by 0.6% during the fourth quarter. Diversified Investment Strategies LLC now owns 122,975 shares of the sporting goods retailer’s stock worth $3,837,000 after purchasing an additional 700 shares during the period. Finally, Steigerwald Gordon & Koch Inc. increased its holdings in shares of Dicks Sporting Goods by 0.8% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 189,140 shares of the sporting goods retailer’s stock worth $5,901,000 after purchasing an additional 1,559 shares during the period. 80.81% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on DKS shares. JPMorgan Chase & Co. decreased their price objective on shares of Dicks Sporting Goods to $46.00 in a research note on Sunday, December 2nd. TheStreet raised shares of Dicks Sporting Goods from a “c+” rating to a “b-” rating in a research note on Wednesday, November 28th. Argus lifted their price objective on shares of Dicks Sporting Goods from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, December 11th. Canaccord Genuity set a $54.00 target price on shares of Dicks Sporting Goods and gave the stock a “buy” rating in a research note on Thursday, December 20th. Finally, Bank of America set a $40.00 target price on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Sunday, December 2nd. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.11.

DKS stock opened at $36.93 on Thursday. The firm has a market capitalization of $3.47 billion, a P/E ratio of 12.27, a PEG ratio of 1.68 and a beta of 0.54. The company has a current ratio of 1.61, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. Dicks Sporting Goods Inc has a 12-month low of $29.53 and a 12-month high of $39.75.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, November 28th. The sporting goods retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.13. Dicks Sporting Goods had a net margin of 3.87% and a return on equity of 18.10%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts anticipate that Dicks Sporting Goods Inc will post 3.24 earnings per share for the current fiscal year.

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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 for scheduling, 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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