Public Employees Retirement System of Ohio Lowers Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Public Employees Retirement System of Ohio trimmed its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,964 shares of the sporting goods retailer's stock after selling 2,473 shares during the period. Public Employees Retirement System of Ohio's holdings in DICK'S Sporting Goods were worth $4,584,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of DICK'S Sporting Goods by 5.5% in the second quarter. Principal Financial Group Inc. now owns 239,451 shares of the sporting goods retailer's stock valued at $51,446,000 after acquiring an additional 12,396 shares in the last quarter. Kerusso Capital Management LLC purchased a new position in DICK'S Sporting Goods during the third quarter worth about $1,554,000. &PARTNERS acquired a new stake in DICK'S Sporting Goods in the second quarter valued at about $309,000. National Pension Service purchased a new stake in DICK'S Sporting Goods in the 3rd quarter valued at approximately $4,195,000. Finally, Strategy Asset Managers LLC purchased a new stake in DICK'S Sporting Goods in the 3rd quarter valued at approximately $4,325,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DKS has been the subject of several recent analyst reports. Robert W. Baird reissued a "neutral" rating and issued a $235.00 price target on shares of DICK'S Sporting Goods in a report on Wednesday, August 28th. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Citigroup decreased their target price on shares of DICK'S Sporting Goods from $243.00 to $230.00 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. Truist Financial increased their price target 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, DA Davidson reissued a "buy" rating and set a $265.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $244.95.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS traded up $5.60 during trading on Friday, reaching $223.39. The company had a trading volume of 1,027,927 shares, compared to its average volume of 1,102,397. 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, Inc. has a twelve month low of $137.06 and a twelve month high of $239.30. The stock has a 50-day moving average price of $206.41 and a two-hundred day moving average price of $212.39. The stock has a market capitalization of $18.20 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the previous year, the company posted $2.85 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. As a group, sell-side analysts predict that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.97%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 31.45%.

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.