New York State Teachers Retirement System lowered its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,117 shares of the sporting goods retailer’s stock after selling 2,154 shares during the period. New York State Teachers Retirement System’s holdings in DICK’S Sporting Goods were worth $13,903,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of DICK’S Sporting Goods during the 4th quarter worth approximately $30,000. Harbor Investment Advisory LLC bought a new stake in shares of DICK’S Sporting Goods during the first quarter worth $30,000. Laurel Wealth Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at $34,000. Elyxium Wealth LLC purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at $35,000. Finally, SHP Wealth Management bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth about $38,000. 89.83% of the stock is owned by institutional investors.
DICK’S Sporting Goods Price Performance
Shares of DKS stock opened at $236.19 on Monday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $186.67 and a fifty-two week high of $244.38. The firm has a market capitalization of $21.14 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.06 and a beta of 1.19. 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 stock’s 50-day simple moving average is $224.72 and its 200-day simple moving average is $211.98.
DICK’S Sporting Goods Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s payout ratio is presently 47.53%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Telsey Advisory Group raised their price target on shares of DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. DA Davidson restated a “buy” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, July 1st. BTIG Research reaffirmed a “buy” rating and set a $300.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, May 28th. Barclays lifted their price target 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. Finally, Truist Financial boosted their price target on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $254.71.
View Our Latest Analysis on DKS
Insider Buying and Selling at DICK’S Sporting Goods
In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This represents a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 28.91% of the stock is owned by company insiders.
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.
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