Dicks Sporting Goods Inc (DKS) Position Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 15.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 17,888 shares of the sporting goods retailer’s stock after selling 3,154 shares during the period. Janney Montgomery Scott LLC’s holdings in Dicks Sporting Goods were worth $658,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in Dicks Sporting Goods by 2,975.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 945,235 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 914,503 shares during the period. Nkcfo LLC acquired a new position in Dicks Sporting Goods during the fourth quarter valued at $31,000. CENTRAL TRUST Co raised its position in Dicks Sporting Goods by 4,150.0% during the first quarter. CENTRAL TRUST Co now owns 850 shares of the sporting goods retailer’s stock valued at $31,000 after buying an additional 830 shares during the period. Bremer Trust National Association acquired a new position in Dicks Sporting Goods during the fourth quarter valued at $36,000. Finally, Huntington National Bank raised its position in 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 valued at $56,000 after buying an additional 479 shares during the period. 82.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DKS stock opened at $36.97 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.20 and a debt-to-equity ratio of 0.03. Dicks Sporting Goods Inc has a fifty-two week low of $29.69 and a fifty-two week high of $41.21. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.98 and a beta of 0.55.

Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the firm posted $1.22 EPS. The business’s revenue was down 5.7% compared to the same quarter last year. Equities research analysts expect that Dicks Sporting Goods Inc will post 3.26 earnings per share for the current fiscal year.

Several research firms recently weighed in on DKS. Citigroup assumed coverage on Dicks Sporting Goods in a research report on Wednesday, April 10th. They set a “neutral” rating and a $40.00 price target on the stock. Zacks Investment Research lowered Dicks Sporting Goods from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $41.00 target price (down from $44.00) on shares of Dicks Sporting Goods in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $41.17.

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About Dicks Sporting Goods

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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