Strs Ohio Lowers Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Strs Ohio cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 43.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,158 shares of the sporting goods retailer’s stock after selling 4,741 shares during the period. Strs Ohio’s holdings in DICK’S Sporting Goods were worth $904,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cobblestone Capital Advisors LLC NY increased its stake in shares of DICK’S Sporting Goods by 1.2% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 8,546 shares of the sporting goods retailer’s stock worth $928,000 after acquiring an additional 100 shares during the period. Oder Investment Management LLC raised its stake in shares of DICK’S Sporting Goods by 2.2% during the 3rd quarter. Oder Investment Management LLC now owns 5,545 shares of the sporting goods retailer’s stock worth $602,000 after buying an additional 117 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of DICK’S Sporting Goods by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 32,511 shares of the sporting goods retailer’s stock valued at $3,530,000 after buying an additional 146 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of DICK’S Sporting Goods by 3.5% in the third quarter. Teacher Retirement System of Texas now owns 4,853 shares of the sporting goods retailer’s stock valued at $527,000 after buying an additional 162 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in DICK’S Sporting Goods by 1.0% during the third quarter. Arizona State Retirement System now owns 17,095 shares of the sporting goods retailer’s stock worth $1,856,000 after acquiring an additional 162 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DKS has been the topic of several research analyst reports. Oppenheimer boosted their target price on shares of DICK’S Sporting Goods from $190.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. DA Davidson upped their target price on shares of DICK’S Sporting Goods from $183.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Jefferies Financial Group started coverage on DICK’S Sporting Goods in a research note on Friday, April 12th. They set a “hold” rating and a $211.00 price target on the stock. Loop Capital raised their price objective on DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a research note on Monday, March 18th. Finally, Barclays boosted their target price on DICK’S Sporting Goods from $194.00 to $239.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $208.64.

DICK’S Sporting Goods Stock Down 0.2 %

DKS opened at $205.59 on Thursday. The company has a market cap of $16.95 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.74 and a current ratio of 1.78. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $225.79. The firm has a 50 day moving average price of $197.07 and a 200 day moving average price of $155.22.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.50. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 EPS. Sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK’S Sporting Goods Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.12%.

Insider Buying and Selling

In related news, Chairman Edward W. Stack sold 151,210 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $220.93, for a total transaction of $33,406,825.30. Following the completion of the transaction, the chairman now directly owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Elizabeth H. Baran sold 2,175 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total value of $482,371.50. Following the completion of the transaction, the senior vice president now directly owns 11,051 shares of the company’s stock, valued at approximately $2,450,890.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Edward W. Stack sold 151,210 shares of DICK’S Sporting Goods stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $220.93, for a total value of $33,406,825.30. Following the sale, the chairman now directly owns 10,899,110 shares in the company, valued at approximately $2,407,940,372.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,763 shares of company stock valued at $46,483,438. Insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Company Profile

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