Retirement Systems of Alabama Cuts Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Retirement Systems of Alabama lessened its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 116,410 shares of the sporting goods retailer's stock after selling 10,390 shares during the quarter. Retirement Systems of Alabama owned 0.14% of DICK'S Sporting Goods worth $26,639,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Greenleaf Trust increased its position in shares of 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 during the last quarter. ORG Partners LLC increased its holdings in DICK'S Sporting Goods by 37.0% during the third quarter. ORG Partners LLC now owns 200 shares of the sporting goods retailer's stock valued at $42,000 after buying an additional 54 shares during the last quarter. CIBC Asset Management Inc raised its position in DICK'S Sporting Goods by 1.7% in the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock worth $675,000 after acquiring an additional 54 shares during the period. Stonegate Investment Group LLC raised its position in DICK'S Sporting Goods by 2.9% in the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock worth $473,000 after acquiring an additional 58 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of DICK'S Sporting Goods by 3.5% during 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. Institutional investors own 89.83% 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 reaffirmed an "outperform" rating and issued a $260.00 target price on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Truist Financial raised their price objective on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. TD Cowen boosted their price objective on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley raised their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Finally, Wedbush reiterated a "neutral" rating and issued a $215.00 price target (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $248.09.

Insider Transactions at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the sale, the executive vice president now directly owns 16,504 shares of the company's stock, 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 this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares of the company's stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by company insiders.

DICK'S Sporting Goods Price Performance

Shares of DKS stock traded down $6.23 on Friday, reaching $233.99. The company's stock had a trading volume of 767,865 shares, compared to its average volume of 1,028,015. The stock's fifty day simple moving average is $228.82 and its 200-day simple moving average is $216.95. DICK'S Sporting Goods, Inc. has a 1 year low of $156.65 and a 1 year high of $254.60. The company has a market capitalization of $19.06 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.57 and a beta of 1.57. 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 issued its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business's revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $2.85 EPS. Analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, December 13th. DICK'S Sporting Goods's payout ratio is 31.45%.

DICK'S Sporting Goods Profile

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.