Reinhart Partners INC Decreased Stake in Dicks Sporting Goods Com (NYSE:DKS) by $6.21 Million as Shares Rose


Reinhart Partners Inc decreased its stake in Dicks Sporting Goods Com (NYSE:DKS) by 21.92% based on its latest 2016Q2 regulatory filing with the SEC. Reinhart Partners Inc sold 135,070 shares as the company’s stock rose 33.61% with the market. The institutional investor held 481,166 shares of the other specialty stores company at the end of 2016Q2, valued at $22.50 million, down from 616,236 at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Dicks Sporting Goods Com for a number of months, seems to be less bullish one the $6.73B market cap company. The stock is down 2.45% or $1.47 after the negative news, hitting $58.52 per share. About 2.03 million shares traded hands. Dicks Sporting Goods Inc (NYSE:DKS) has risen 57.99% since February 8, 2016 and is uptrending. It has outperformed by 41.50% the S&P500.

Reinhart Partners Inc, which manages about $4.85 billion and $971.51 million US Long portfolio, upped its stake in Lam Research (NASDAQ:LRCX) by 77,216 shares to 265,516 shares, valued at $21.93 million in 2016Q2, according to the filing. It also increased its holding in Fidelity Natl Fin Inc Cl A (NYSE:FNF) by 220,528 shares in the quarter, for a total of 591,578 shares, and has risen its stake in Dst Systems (NYSE:DST).

Reinhart Partners Inc is a Wisconsin-based institutional investor with more than $4.85 billion AUM in September, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Reinhart Partners latest Adv, the fund reported to have 39 full and part-time employees. Among which 23 performing investment advisory and research functions. The institutional investor had more than 5200 clients.

The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.15, from 0.89 in 2016Q1. The ratio is positive, as 53 funds sold all DKS shares owned while 131 reduced positions. 56 funds bought stakes while 135 increased positions. They now own 80.43 million shares or 5.13% less from 84.78 million shares in 2016Q1.

Diversified Investment Strategies Llc holds 3.16% of its portfolio in DKS for 69,650 shares. Sib Llc owns 65,451 shares or 2.52% of their US portfolio. Moreover, Reinhart Partners Inc. has 2.22% invested in the company for 492,258 shares. The Pennsylvania-based Cs Mckee Lp has invested 2.18% in the stock. Community Trust & Investment Co, a Kentucky-based fund reported 367,813 shares.

Out of 20 analysts covering Dick’s Sporting Goods (NYSE:DKS), 13 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 65% are positive. Dick’s Sporting Goods has been the topic of 47 analyst reports since November 2, 2015 according to StockzIntelligence Inc. Argus Research maintained the stock on August 30 with “Buy” rating.

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 in the eastern United States. The company has a market cap of $6.73 billion. The Firm also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at,, and It has a 20.5 P/E ratio. The Firm offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear.

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