New York State Teachers Retirement System Decreases Stake in DICK’S Sporting Goods, Inc. $DKS

New York State Teachers Retirement System cut its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,067 shares of the sporting goods retailer’s stock after selling 5,748 shares during the quarter. New York State Teachers Retirement System owned 0.08% of DICK’S Sporting Goods worth $12,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its stake in DICK’S Sporting Goods by 123.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,248 shares of the sporting goods retailer’s stock worth $1,631,000 after buying an additional 4,563 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $456,000. Vest Financial LLC boosted its position in DICK’S Sporting Goods by 38.2% during the 2nd quarter. Vest Financial LLC now owns 20,405 shares of the sporting goods retailer’s stock valued at $4,036,000 after acquiring an additional 5,636 shares in the last quarter. Means Investment CO. Inc. lifted its stake in shares of DICK’S Sporting Goods by 15.2% during the 2nd quarter. Means Investment CO. Inc. now owns 1,245 shares of the sporting goods retailer’s stock worth $246,000 after purchasing an additional 164 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in DICK’S Sporting Goods by 11.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,048 shares of the sporting goods retailer’s stock worth $1,592,000 after purchasing an additional 817 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DKS. DA Davidson set a $250.00 price objective on shares of DICK’S Sporting Goods in a research report on Friday, August 29th. Gordon Haskett raised DICK’S Sporting Goods from a “reduce” rating to a “hold” rating in a research report on Friday, July 25th. Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research report on Monday, August 18th. Oppenheimer reissued an “outperform” rating and issued a $270.00 price target on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of DICK’S Sporting Goods from $195.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Hold” and an average target price of $233.33.

DICK’S Sporting Goods Stock Down 0.8%

Shares of DKS opened at $228.50 on Friday. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 3.28 and a beta of 1.06. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The stock’s 50-day moving average price is $224.01 and its 200-day moving average price is $203.37. The company has a quick ratio of 0.55, a current ratio of 1.70 and a debt-to-equity ratio of 0.44.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.DICK’S Sporting Goods’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.37 earnings per share. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

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

Insiders Place Their Bets

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

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.