Public Employees Retirement System of Ohio Sells 473 Shares of DICK’S Sporting Goods, Inc. $DKS

Public Employees Retirement System of Ohio decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,107 shares of the sporting goods retailer’s stock after selling 473 shares during the period. Public Employees Retirement System of Ohio’s holdings in DICK’S Sporting Goods were worth $3,582,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DKS. Private Trust Co. NA boosted its holdings in DICK’S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock valued at $38,000 after acquiring an additional 66 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in DICK’S Sporting Goods by 1,435.7% in the first quarter. Golden State Wealth Management LLC now owns 215 shares of the sporting goods retailer’s stock valued at $43,000 after acquiring an additional 201 shares during the last quarter. Bessemer Group Inc. boosted its holdings in DICK’S Sporting Goods by 49.3% in the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock valued at $44,000 after acquiring an additional 72 shares during the last quarter. Ancora Advisors LLC boosted its holdings in DICK’S Sporting Goods by 85.4% in the first quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock valued at $46,000 after acquiring an additional 105 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in DICK’S Sporting Goods by 42.5% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 255 shares of the sporting goods retailer’s stock valued at $51,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 1.1%

NYSE:DKS opened at $222.28 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. The company has a market cap of $17.80 billion, a PE ratio of 15.52, a PEG ratio of 3.15 and a beta of 1.02. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The stock has a 50-day simple moving average of $220.20 and a 200 day simple moving average of $201.04.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.61 billion. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.DICK’S Sporting Goods’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $1.2125 per share. The ex-dividend date was Friday, September 12th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.2%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 33.87%.

Analyst Ratings Changes

DKS has been the topic of several analyst reports. BNP Paribas set a $177.00 target price on DICK’S Sporting Goods and gave the company an “underperform” rating in a research note on Friday. Truist Financial increased their target price on DICK’S Sporting Goods from $230.00 to $248.00 and gave the company a “buy” rating in a research note on Friday, August 29th. UBS Group increased their target price on DICK’S Sporting Goods from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Oppenheimer reissued an “outperform” rating and issued a $270.00 target price on shares of DICK’S Sporting Goods in a research note on Friday, August 29th. Finally, DA Davidson set a $250.00 target price on DICK’S Sporting Goods in a research note on Friday, August 29th. Eleven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $232.05.

Insider Activity

In related news, EVP Navdeep Gupta sold 13,334 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $225.00, for a total transaction of $3,000,150.00. Following the completion of the transaction, the executive vice president directly owned 74,444 shares in the company, valued at approximately $16,749,900. This trade represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 32.55% of the company’s stock.

About DICK’S Sporting Goods

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.