New York State Teachers Retirement System Sells 2,154 Shares of DICK’S Sporting Goods, Inc. $DKS

New York State Teachers Retirement System decreased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,117 shares of the sporting goods retailer’s stock after selling 2,154 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of DICK’S Sporting Goods worth $13,903,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new position in shares of DICK’S Sporting Goods during the 1st quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in DICK’S Sporting Goods in the 4th quarter worth approximately $30,000. Laurel Wealth Advisors LLC bought a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $34,000. Elyxium Wealth LLC bought a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $35,000. Finally, SHP Wealth Management purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $38,000. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,140 shares of DICK’S Sporting Goods stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $223.56, for a total value of $925,538.40. Following the sale, the executive vice president owned 24,757 shares of the company’s stock, valued at $5,534,674.92. The trade was a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 28.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of DICK’S Sporting Goods from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $240.00 to $270.00 in a research report on Thursday, May 28th. Barclays lifted their target price on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Jefferies Financial Group upped their target price on shares of DICK’S Sporting Goods from $210.00 to $224.00 and gave the stock a “hold” rating in a report on Wednesday, May 27th. DA Davidson reissued a “buy” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, July 1st. Finally, Telsey Advisory Group boosted their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.71.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $236.19 on Monday. The company has a market cap of $21.14 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.06 and a beta of 1.19. DICK’S Sporting Goods, Inc. has a 52-week low of $186.67 and a 52-week high of $244.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. The firm’s fifty day moving average is $224.72 and its two-hundred day moving average is $211.98.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, May 27th. The sporting goods retailer reported $2.90 EPS for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a net margin of 4.71% and a return on equity of 22.22%. The company had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the company earned $3.37 EPS. The firm’s revenue for the quarter was up 62.7% on a year-over-year basis. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. As a group, analysts anticipate that DICK’S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is currently 47.53%.

About DICK’S Sporting Goods

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.