Dick’s Sporting Goods Inc (DKS) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,630 shares of the sporting goods retailer’s stock after selling 3,919 shares during the quarter. Retirement Systems of Alabama owned 0.21% of Dick’s Sporting Goods worth $6,337,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Dick’s Sporting Goods by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after buying an additional 135,991 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Dick’s Sporting Goods by 263.8% in the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock valued at $224,411,000 after buying an additional 4,085,414 shares in the last quarter. Northern Trust Corp increased its holdings in Dick’s Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock valued at $151,003,000 after buying an additional 1,339,379 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Dick’s Sporting Goods by 10.7% in the second quarter. Bank of New York Mellon Corp now owns 1,828,157 shares of the sporting goods retailer’s stock valued at $72,815,000 after buying an additional 176,439 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Dick’s Sporting Goods by 316.5% in the third quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock valued at $31,295,000 after buying an additional 880,464 shares in the last quarter. 71.65% of the stock is currently owned by institutional investors and hedge funds.

Dick’s Sporting Goods Inc (NYSE DKS) traded up $0.07 during trading hours on Wednesday, reaching $30.12. 3,171,324 shares of the company’s stock traded hands, compared to its average volume of 3,053,379. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.61 and a quick ratio of 0.25. Dick’s Sporting Goods Inc has a 52-week low of $23.88 and a 52-week high of $62.80. The stock has a market cap of $3,237.13, a P/E ratio of 9.66, a P/E/G ratio of 1.65 and a beta of 0.57.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. sell-side analysts predict that Dick’s Sporting Goods Inc will post 2.97 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.26%. Dick’s Sporting Goods’s dividend payout ratio is presently 25.09%.

A number of analysts have recently commented on DKS shares. Wells Fargo & Company set a $29.00 target price on shares of Dick’s Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, October 11th. BMO Capital Markets restated a “buy” rating and set a $37.00 price target on shares of Dick’s Sporting Goods in a research report on Thursday, November 2nd. Cowen reiterated a “hold” rating and issued a $28.00 target price on shares of Dick’s Sporting Goods in a report on Thursday, September 28th. Credit Suisse Group decreased their target price on shares of Dick’s Sporting Goods from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Finally, UBS reduced their price target on shares of Dick’s Sporting Goods from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $31.92.

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Dick’s Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

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