Texas Permanent School Fund Has $4.46 Million Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Texas Permanent School Fund reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) by 5.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 44,600 shares of the sporting goods retailer’s stock after selling 2,390 shares during the quarter. Texas Permanent School Fund owned approximately 0.05% of DICK’S Sporting Goods worth $4,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. HS Management Partners LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $34,787,000. Geode Capital Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 1,088,733 shares of the sporting goods retailer’s stock worth $125,197,000 after buying an additional 158,201 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of DICK’S Sporting Goods by 172.1% during the first quarter. Pacer Advisors Inc. now owns 241,791 shares of the sporting goods retailer’s stock worth $24,184,000 after buying an additional 152,919 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $14,713,000. Finally, Smith Group Asset Management LLC acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth approximately $12,936,000. 78.92% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $97.55 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.88. The firm has a market cap of $7.86 billion, a P/E ratio of 7.54, a P/E/G ratio of 1.80 and a beta of 1.63. The business’s fifty day moving average is $83.93 and its two-hundred day moving average is $96.65. DICK’S Sporting Goods, Inc. has a 52 week low of $63.45 and a 52 week high of $147.39.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last released its earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.42. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the firm posted $3.79 earnings per share. The company’s quarterly revenue was down 7.5% on a year-over-year basis. Equities research analysts forecast that DICK’S Sporting Goods, Inc. will post 10.77 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were paid a $0.488 dividend. This represents a $1.95 annualized dividend and a yield of 2.00%. The ex-dividend date was Thursday, June 9th. DICK’S Sporting Goods’s payout ratio is 15.07%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays cut their price target on DICK’S Sporting Goods from $134.00 to $106.00 and set an “overweight” rating for the company in a report on Thursday, May 26th. Telsey Advisory Group lowered their price objective on DICK’S Sporting Goods from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, May 26th. DA Davidson lowered their price objective on DICK’S Sporting Goods to $123.00 in a research report on Thursday, May 26th. Cowen lowered their price objective on DICK’S Sporting Goods to $126.00 in a research report on Thursday, May 26th. Finally, Citigroup lowered their price objective on DICK’S Sporting Goods from $170.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $117.94.

Insider Buying and Selling at DICK’S Sporting Goods

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

About DICK’S Sporting Goods

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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.

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

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