DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) by 1.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 53,217 shares of the sporting goods retailer’s stock after selling 925 shares during the period. Texas Permanent School Fund Corp owned about 0.06% of DICK’S Sporting Goods worth $5,778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $26,000. Fortis Capital Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the first quarter valued at $28,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $29,000. Kistler Tiffany Companies LLC purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $52,000. Finally, UniSuper Management Pty Ltd purchased a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $53,000. Institutional investors and hedge funds own 68.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DKS shares. Truist Financial increased their target price on DICK’S Sporting Goods from $154.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Wedbush upped their price target on shares of DICK’S Sporting Goods from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 22nd. Morgan Stanley upped their price target on shares of DICK’S Sporting Goods from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price target (up from $140.00) on shares of DICK’S Sporting Goods in a research note on Friday, November 17th. Finally, Citigroup upped their price target on shares of DICK’S Sporting Goods from $112.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 22nd. Thirteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $144.19.

View Our Latest Research Report on DKS

DICK’S Sporting Goods Trading Up 1.4 %

Shares of NYSE:DKS opened at $162.17 on Monday. The company has a market cap of $13.26 billion, a P/E ratio of 14.47, a P/E/G ratio of 2.42 and a beta of 1.53. The stock’s 50-day moving average is $145.96 and its 200-day moving average is $128.06. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $163.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.56 and a current ratio of 1.65.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last released its earnings results on Tuesday, November 21st. The sporting goods retailer reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.41. DICK’S Sporting Goods had a net margin of 7.76% and a return on equity of 40.94%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the company earned $2.60 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 12.37 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, December 14th. DICK’S Sporting Goods’s payout ratio is presently 35.68%.

Insider Activity at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 3,174 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $143.12, for a total value of $454,262.88. Following the completion of the sale, the director now owns 57,518 shares in the company, valued at $8,231,976.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 30.79% of the stock is owned by corporate insiders.

About DICK’S Sporting Goods

(Free Report)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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