DICK’S Sporting Goods, Inc. $DKS Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 8.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 64,067 shares of the sporting goods retailer’s stock after selling 5,748 shares during the period. New York State Teachers Retirement System’s holdings in DICK’S Sporting Goods were worth $12,673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DKS. Private Trust Co. NA lifted its holdings in shares of DICK’S Sporting Goods by 54.1% during the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer’s stock worth $38,000 after purchasing an additional 66 shares during the period. Golden State Wealth Management LLC lifted 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 period. Bessemer Group Inc. boosted its position in shares of DICK’S Sporting Goods by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer’s stock worth $44,000 after purchasing an additional 72 shares in the last quarter. Ancora Advisors LLC grew its stake in shares of DICK’S Sporting Goods by 85.4% during the 1st quarter. Ancora Advisors LLC now owns 228 shares of the sporting goods retailer’s stock worth $46,000 after purchasing an additional 105 shares during the period. Finally, Brooklyn Investment Group increased its holdings in shares of DICK’S Sporting Goods by 91.2% in the 1st quarter. Brooklyn Investment Group now owns 260 shares of the sporting goods retailer’s stock valued at $52,000 after purchasing an additional 124 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Navdeep Gupta sold 13,334 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the completion of the sale, the executive vice president owned 74,444 shares of the company’s stock, valued at approximately $16,749,900. The trade was a 15.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lauren R. Hobart sold 20,083 shares of DICK’S Sporting Goods stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $220.69, for a total value of $4,432,117.27. Following the completion of the transaction, the chief executive officer owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This trade represents a 6.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DKS. Loop Capital set a $215.00 price target on DICK’S Sporting Goods and gave the stock a “hold” rating in a report on Wednesday, July 30th. Telsey Advisory Group restated an “outperform” rating and issued a $255.00 price target on shares of DICK’S Sporting Goods in a research report on Friday, September 19th. Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday. Gordon Haskett upgraded shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a report on Friday, July 25th. Finally, BNP Paribas set a $177.00 price target on shares of DICK’S Sporting Goods and gave the company an “underperform” rating in a research report on Friday, September 26th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $233.33.

DICK’S Sporting Goods Stock Down 0.8%

Shares of NYSE:DKS opened at $228.50 on Friday. The stock has a 50-day simple moving average of $224.01 and a 200-day simple moving average of $203.37. The stock has a market capitalization of $18.30 billion, a P/E ratio of 15.96, a PEG ratio of 3.28 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $254.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.30 by $0.08. The company 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%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Equities analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, September 12th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 33.87%.

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.