DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,913 shares of the sporting goods retailer’s stock after selling 2,174 shares during the quarter. Texas Permanent School Fund Corp owned about 0.06% of DICK’S Sporting Goods worth $11,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of DICK’S Sporting Goods in the 1st quarter worth $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of DICK’S Sporting Goods by 280.0% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190 shares of the sporting goods retailer’s stock worth $28,000 after purchasing an additional 140 shares during the last quarter. Rise Advisors LLC increased its position in shares of DICK’S Sporting Goods by 163.9% during the 1st quarter. Rise Advisors LLC now owns 256 shares of the sporting goods retailer’s stock worth $57,000 after purchasing an additional 159 shares during the last quarter. Blue Trust Inc. increased its position in shares of DICK’S Sporting Goods by 236.8% during the 4th quarter. Blue Trust Inc. now owns 293 shares of the sporting goods retailer’s stock worth $43,000 after purchasing an additional 206 shares during the last quarter. Finally, Capital Analysts LLC increased its position in shares of DICK’S Sporting Goods by 132.5% during the 4th quarter. Capital Analysts LLC now owns 451 shares of the sporting goods retailer’s stock worth $66,000 after purchasing an additional 257 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DKS shares. Loop Capital raised their price objective on DICK’S Sporting Goods from $150.00 to $220.00 and gave the stock a “hold” rating in a research report on Monday, March 18th. DA Davidson raised their target price on DICK’S Sporting Goods from $250.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Morgan Stanley raised their target price on DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Robert W. Baird raised their target price on DICK’S Sporting Goods from $225.00 to $235.00 and gave the company a “neutral” rating in a report on Thursday, May 30th. Finally, Truist Financial raised their target price on DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $237.09.

Insiders Place Their Bets

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,664,218.08. The transaction was disclosed in a filing with the SEC, which is available at this link. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Stock Up 4.0 %

DKS stock traded up $8.32 during trading on Friday, hitting $218.46. 147,540 shares of the company’s stock were exchanged, compared to its average volume of 1,146,777. The business has a 50-day moving average price of $208.97 and a two-hundred day moving average price of $188.82. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 2.18 and a beta of 1.65. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $234.47. The company has a current ratio of 1.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.55.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, May 29th. The sporting goods retailer reported $3.30 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.36. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.40 earnings per share. As a group, equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.76 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.