Retirement Systems of Alabama Has $26.46 Million Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Retirement Systems of Alabama raised its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,800 shares of the sporting goods retailer's stock after purchasing an additional 14,934 shares during the quarter. Retirement Systems of Alabama owned approximately 0.16% of DICK'S Sporting Goods worth $26,463,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in DICK'S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock valued at $237,697,000 after purchasing an additional 375,600 shares during the last quarter. Holocene Advisors LP bought a new stake in DICK'S Sporting Goods in the third quarter valued at approximately $70,562,000. KBC Group NV lifted its position in shares of DICK'S Sporting Goods by 887.3% in the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock valued at $52,253,000 after buying an additional 225,015 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of DICK'S Sporting Goods by 19,851.3% during the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock worth $43,512,000 after acquiring an additional 207,446 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of DICK'S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock worth $41,740,000 after acquiring an additional 189,000 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on DKS shares. UBS Group raised shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their target price on shares of DICK'S Sporting Goods from $211.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Wedbush reissued a "neutral" rating and issued a $215.00 price target (down from $250.00) on shares of DICK'S Sporting Goods in a report on Wednesday, November 27th. Evercore ISI restated an "outperform" rating and set a $280.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $235.00 target price on shares of DICK'S Sporting Goods in a research report on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, DICK'S Sporting Goods has an average rating of "Moderate Buy" and an average price target of $244.95.

DICK'S Sporting Goods Price Performance

NYSE:DKS traded up $5.60 during mid-day trading on Friday, reaching $223.39. The stock had a trading volume of 1,027,927 shares, compared to its average volume of 1,102,397. The stock has a 50-day simple moving average of $206.41 and a two-hundred day simple moving average of $212.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK'S Sporting Goods, Inc. has a 12 month low of $137.06 and a 12 month high of $239.30. The stock has a market capitalization of $18.20 billion, a PE ratio of 15.97, a P/E/G ratio of 2.52 and a beta of 1.61.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK'S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. DICK'S Sporting Goods's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $2.85 EPS. On average, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.88 earnings per share for the current year.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, December 13th. DICK'S Sporting Goods's payout ratio is 31.45%.

About DICK'S Sporting Goods

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.