DICK’S Sporting Goods, Inc. (NYSE:DKS) Position Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,938 shares of the sporting goods retailer’s stock after selling 6,664 shares during the period. New York State Common Retirement Fund owned 0.20% of DICK’S Sporting Goods worth $17,197,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in DICK’S Sporting Goods by 62.0% in the 1st quarter. Fifth Third Bancorp now owns 264 shares of the sporting goods retailer’s stock valued at $26,000 after acquiring an additional 101 shares during the period. Centric Wealth Management increased its position in DICK’S Sporting Goods by 0.6% in the 1st quarter. Centric Wealth Management now owns 21,520 shares of the sporting goods retailer’s stock valued at $2,152,000 after acquiring an additional 127 shares during the period. First Citizens Bank & Trust Co. increased its position in DICK’S Sporting Goods by 3.8% in the 1st quarter. First Citizens Bank & Trust Co. now owns 4,013 shares of the sporting goods retailer’s stock valued at $401,000 after acquiring an additional 146 shares during the period. Hilltop Holdings Inc. increased its position in DICK’S Sporting Goods by 8.2% in the 4th quarter. Hilltop Holdings Inc. now owns 2,021 shares of the sporting goods retailer’s stock valued at $232,000 after acquiring an additional 154 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in DICK’S Sporting Goods by 17.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,035 shares of the sporting goods retailer’s stock valued at $103,000 after acquiring an additional 155 shares during the period. 78.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Gordon Haskett upgraded DICK’S Sporting Goods from a “reduce” rating to a “hold” rating and set a $78.00 target price on the stock in a research report on Thursday, May 26th. UBS Group lowered their price target on DICK’S Sporting Goods to $85.00 in a research report on Thursday, May 26th. Wedbush lowered their price target on DICK’S Sporting Goods from $140.00 to $110.00 in a research report on Thursday, May 26th. Cowen lowered their price target on DICK’S Sporting Goods to $126.00 in a research report on Thursday, May 26th. Finally, Robert W. Baird lowered their price target on DICK’S Sporting Goods from $115.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $117.94.

Insider Activity at DICK’S Sporting Goods

In other news, Director William J. Colombo acquired 5,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Tuesday, May 31st. The stock was purchased at an average price of $80.99 per share, with a total value of $404,950.00. Following the completion of the transaction, the director now owns 162,003 shares in the company, valued at $13,120,622.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director William J. Colombo acquired 5,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on Tuesday, May 31st. The stock was purchased at an average price of $80.99 per share, with a total value of $404,950.00. Following the completion of the transaction, the director now owns 162,003 shares in the company, valued at $13,120,622.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John Edward Hayes III sold 1,200 shares of DICK’S Sporting Goods stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $84.57, for a total value of $101,484.00. Following the sale, the senior vice president now directly owns 34,231 shares of the company’s stock, valued at approximately $2,894,915.67. The disclosure for this sale can be found here. Insiders own 32.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $96.83 on Friday. The stock has a market cap of $7.80 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 1.81 and a beta of 1.63. The business has a fifty day simple moving average of $83.67 and a 200-day simple moving average of $96.74. The company has a quick ratio of 0.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.89. DICK’S Sporting Goods, Inc. has a 12 month low of $63.45 and a 12 month high of $147.39.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last issued its earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, topping the consensus estimate of $2.43 by $0.42. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.63 billion. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. DICK’S Sporting Goods’s revenue was down 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.79 earnings per share. On average, sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 10.77 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a dividend of $0.488 per share. The ex-dividend date was Thursday, June 9th. This represents a $1.95 dividend on an annualized basis and a yield of 2.02%. DICK’S Sporting Goods’s payout ratio is 15.07%.

DICK’S Sporting Goods Profile

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DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

Further Reading

Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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