New York State Teachers Retirement System Has $15.64 Million Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

New York State Teachers Retirement System cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,925 shares of the sporting goods retailer’s stock after selling 3,048 shares during the period. New York State Teachers Retirement System’s holdings in DICK’S Sporting Goods were worth $15,637,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in DICK’S Sporting Goods by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 9,427 shares of the sporting goods retailer’s stock worth $2,120,000 after acquiring an additional 609 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of DICK’S Sporting Goods by 86.3% during the first quarter. Private Advisor Group LLC now owns 2,735 shares of the sporting goods retailer’s stock worth $615,000 after purchasing an additional 1,267 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of DICK’S Sporting Goods by 19.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,658 shares of the sporting goods retailer’s stock valued at $8,538,000 after buying an additional 6,732 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of DICK’S Sporting Goods by 53.3% in the first quarter. BNP Paribas Financial Markets now owns 67,519 shares of the sporting goods retailer’s stock valued at $15,182,000 after buying an additional 23,471 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of DICK’S Sporting Goods by 18.8% in the first quarter. Janney Montgomery Scott LLC now owns 15,882 shares of the sporting goods retailer’s stock valued at $3,571,000 after buying an additional 2,512 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Trading Down 1.0 %

Shares of NYSE DKS opened at $193.71 on Friday. DICK’S Sporting Goods, Inc. has a twelve month low of $109.00 and a twelve month high of $239.30. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 2.28 and a beta of 1.62. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average is $212.78 and its 200-day moving average is $210.47.

DICK’S Sporting Goods (NYSE:DKS) last posted 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. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 annualized dividend and a dividend yield of 2.27%. DICK’S Sporting Goods’s dividend payout ratio is presently 32.28%.

Analysts Set New Price Targets

Several research firms have weighed in on DKS. Evercore ISI restated an “outperform” rating and issued a $280.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Loop Capital raised their price target on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, September 5th. TD Cowen boosted their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Telsey Advisory Group increased their price objective on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company dropped their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods 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.