New York State Teachers Retirement System Sells 1,810 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

New York State Teachers Retirement System cut its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,115 shares of the sporting goods retailer's stock after selling 1,810 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of DICK'S Sporting Goods worth $16,732,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Greenleaf Trust increased its stake in DICK'S Sporting Goods by 3.0% during the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock valued at $394,000 after purchasing an additional 50 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of DICK'S Sporting Goods by 1.7% during the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after buying an additional 54 shares during the last quarter. Stonegate Investment Group LLC increased its position in shares of DICK'S Sporting Goods by 2.9% during the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock valued at $473,000 after acquiring an additional 58 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in DICK'S Sporting Goods by 3.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer's stock worth $470,000 after acquiring an additional 70 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in DICK'S Sporting Goods by 4.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,765 shares of the sporting goods retailer's stock valued at $404,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Loop Capital lifted their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a report on Wednesday, November 27th. Morgan Stanley boosted their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Wedbush reaffirmed a "neutral" rating and set a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. Truist Financial boosted their price objective on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their target price for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $248.09.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by corporate insiders.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded down $3.66 during midday trading on Wednesday, hitting $230.98. The stock had a trading volume of 684,579 shares, compared to its average volume of 1,006,141. The company has a market capitalization of $18.82 billion, a PE ratio of 16.51, a P/E/G ratio of 2.55 and a beta of 1.57. DICK'S Sporting Goods, Inc. has a 52-week low of $165.31 and a 52-week high of $254.60. The firm's fifty day moving average is $232.71 and its two-hundred day moving average is $218.72. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The company had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter in the previous year, the company earned $2.85 EPS. DICK'S Sporting Goods's revenue for the quarter was up .5% on a year-over-year basis. On average, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Friday, December 13th. DICK'S Sporting Goods's dividend payout ratio is currently 31.45%.

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.