Will Weak Earnings Cause These Dick’s Sporting Goods Top Institutional Shareholders to Sell?

Dick’s Sporting Goods (NYSE:DKS) shares fell after announcing earnings this morning. The company said second quarter net income dropped 27.3 percent to $53.7 million (43 cents per share), compared to $73.8 million (59 cents per share) a year earlier. Analysts were expecting earnings of 64 cents per share. However, Dicks claims it will now focus on private brands.

After earnings, will Dicks’s largest shareholders reduce their holdings? 262 institutional firms indicated owning shares of Dick’s Sporting Goods Inc. (NYSE:DKS) in Q2 2012. These firms reported owning a total of 61.611 million shares on 06/30/2012. The shares closed at $48.00 on 06/30/2012.

Here are the ten largest positions in Dick’s Sporting Goods Inc. at the end of June 30th, 2012.

Wells Fargo & Company/MN held 6,679,938 shares on 06/30/2012 worth $320,637,024. This brought the portfolio total to 0.21%.

Vanguard Group Inc held 4,312,184 shares on 06/30/2012 worth $206,984,832. This brought the portfolio total to 0.03%.

Blair William & Co/IL held 4,121,273 shares on 06/30/2012 worth $197,821,104. This brought the portfolio total to 0.95%.

FMR LLC held 3,917,432 shares on 06/30/2012 worth $188,036,736. This brought the portfolio total to 0.04%.

Bank of New York Mellon Corp held 3,224,385 shares on 06/30/2012 worth $154,770,480. This brought the portfolio total to 0.06%.

Blackrock Institutional Trust Company N.A. held 2,514,215 shares on 06/30/2012 worth $120,682,320. This brought the portfolio total to 0.03%.

Franklin Resources Inc held 2,109,780 shares on 06/30/2012 worth $101,269,440. This brought the portfolio total to 0.07%.

Alliancebernstein L.P. held 2,024,023 shares on 06/30/2012 worth $97,153,104. This brought the portfolio total to 0.11%.

JPMorgan Chase & Co held 2,023,492 shares on 06/30/2012 worth $97,127,616. This brought the portfolio total to 0.04%.

Blackrock Fund Advisors held 1,895,101 shares on 06/30/2012 worth $90,964,848. This brought the portfolio total to 0.04%.

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