Public Employees Retirement Association of Colorado Sells 238 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Public Employees Retirement Association of Colorado lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,258 shares of the sporting goods retailer’s stock after selling 238 shares during the period. Public Employees Retirement Association of Colorado’s holdings in DICK’S Sporting Goods were worth $1,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $28,000. Covestor Ltd lifted its holdings in shares of DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 55 shares during the last quarter. ORG Partners LLC bought a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $30,000. Innealta Capital LLC purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth approximately $31,000. Finally, Richardson Financial Services Inc. bought a new position in DICK’S Sporting Goods during the 2nd quarter valued at approximately $34,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 32.03% of the company’s stock.

Analysts Set New Price Targets

DKS has been the topic of a number of recent research reports. Telsey Advisory Group increased their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Loop Capital lifted their target price on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Truist Financial lifted their target price on DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Finally, Morgan Stanley raised their price target on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Trading Up 0.7 %

Shares of DKS opened at $216.87 on Wednesday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $239.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The company’s fifty day moving average is $215.70 and its 200 day moving average is $211.19. The stock has a market capitalization of $17.67 billion, a PE ratio of 17.95, a P/E/G ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. Sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

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.