New York State Teachers Retirement System Decreases Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

New York State Teachers Retirement System decreased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 3.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 owned approximately 0.09% of DICK'S Sporting Goods worth $15,637,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DKS. ORG Partners LLC boosted its holdings in shares of DICK'S Sporting Goods by 37.0% during the 3rd quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock valued at $42,000 after acquiring an additional 54 shares during the last quarter. Covestor Ltd boosted its stake in shares of DICK'S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer's stock worth $30,000 after buying an additional 55 shares during the last quarter. Quent Capital LLC boosted its stake in shares of DICK'S Sporting Goods by 0.6% in the 2nd quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer's stock worth $2,095,000 after buying an additional 57 shares during the last quarter. Vista Capital Partners Inc. increased its position in DICK'S Sporting Goods by 5.7% during the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer's stock valued at $227,000 after acquiring an additional 57 shares during the last quarter. Finally, Range Financial Group LLC lifted its holdings in DICK'S Sporting Goods by 0.8% in the second quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer's stock valued at $2,017,000 after acquiring an additional 75 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DKS shares. DA Davidson restated a "buy" rating and set a $265.00 price target on shares of DICK'S Sporting Goods in a research note on Thursday, September 5th. Robert W. Baird restated a "neutral" rating and set a $235.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Evercore ISI reiterated an "outperform" rating and issued a $280.00 price target on shares of DICK'S Sporting Goods in a research report on Thursday, September 5th. Loop Capital boosted their price objective on shares of DICK'S Sporting Goods from $200.00 to $220.00 and gave the company a "hold" rating in a research report on Thursday, September 5th. Finally, UBS Group upped their price objective on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $244.62.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded down $2.05 during trading hours on Friday, hitting $193.70. The stock had a trading volume of 1,261,750 shares, compared to its average volume of 1,072,756. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.28 and a beta of 1.62. DICK'S Sporting Goods, Inc. has a one year low of $109.00 and a one year high of $239.30. The stock's 50-day moving average price is $212.78 and its two-hundred day moving average price is $210.47.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) 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 business had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.44 billion. During the same period in the prior year, the firm earned $2.82 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts forecast that DICK'S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

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

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.