Teachers Retirement System of The State of Kentucky Sells 510 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,282 shares of the sporting goods retailer’s stock after selling 510 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in DICK’S Sporting Goods were worth $30,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DKS. Toronto Dominion Bank lifted its position in DICK’S Sporting Goods by 29.1% during the third quarter. Toronto Dominion Bank now owns 7,322 shares of the sporting goods retailer’s stock valued at $1,528,000 after purchasing an additional 1,650 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in DICK’S Sporting Goods by 5.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,271 shares of the sporting goods retailer’s stock worth $2,143,000 after acquiring an additional 553 shares in the last quarter. Geode Capital Management LLC raised its stake in DICK’S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer’s stock worth $217,169,000 after acquiring an additional 10,640 shares during the period. M&T Bank Corp boosted its position in shares of DICK’S Sporting Goods by 10.0% in the third quarter. M&T Bank Corp now owns 4,076 shares of the sporting goods retailer’s stock worth $851,000 after purchasing an additional 370 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $288,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Truist Financial lifted their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. DA Davidson restated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Bank of America lifted their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.95.

DICK’S Sporting Goods Stock Down 0.1 %

Shares of DKS stock opened at $213.88 on Wednesday. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock’s fifty day moving average price is $205.70 and its 200 day moving average price is $212.02. DICK’S Sporting Goods, Inc. has a 1-year low of $136.92 and a 1-year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.85 earnings per share. On average, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 31.45%.

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.