Texas Permanent School Fund Corp Purchases 22,690 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Texas Permanent School Fund Corp lifted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 44.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,603 shares of the sporting goods retailer’s stock after acquiring an additional 22,690 shares during the period. Texas Permanent School Fund Corp owned 0.09% of DICK’S Sporting Goods worth $15,814,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DKS. V Square Quantitative Management LLC purchased a new stake in DICK’S Sporting Goods in the first quarter worth $25,000. Covestor Ltd boosted its holdings in shares of DICK’S Sporting Goods by 70.5% during the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. ORG Partners LLC bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth about $30,000. Innealta Capital LLC bought a new position in shares of DICK’S Sporting Goods in the 2nd quarter worth about $31,000. Finally, Versant Capital Management Inc lifted its position in DICK’S Sporting Goods by 222.6% during the 2nd quarter. Versant Capital Management Inc now owns 171 shares of the sporting goods retailer’s stock valued at $37,000 after acquiring an additional 118 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS traded down $0.51 during mid-day trading on Monday, reaching $207.53. 40,616 shares of the company traded hands, compared to its average volume of 1,127,600. The company’s 50 day moving average price is $214.27 and its 200-day moving average price is $208.28. The firm has a market cap of $16.91 billion, a PE ratio of 17.22, a PEG ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69.

DICK’S Sporting Goods (NYSE:DKS) last issued its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK’S Sporting Goods’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 EPS. On average, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.83 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $4.40 annualized dividend and a yield of 2.12%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Analysts Set New Price Targets

Several analysts recently weighed in on DKS shares. DA Davidson restated a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday. Barclays raised their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group upped their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Morgan Stanley increased their price target on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, Citigroup decreased their price objective on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.43.

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.