California Public Employees Retirement System Buys 12,865 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

California’s Public Employee Pension Scheme increased its holdings of DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) stock by 11.1% in the third quarter, according to the company in its recent Form 13F filing with the Securities & Exchange Exchange Commission. The company owned 129,093 shares of the sporting goods retailer after purchasing an additional 12,865 shares during the quarter. The California Public Employees Pension Scheme owned approximately 0.16% of DICK’S Sporting Goods valued at $13,508,000 at the time of its most recent filing with the SEC.

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Several other institutional investors also recently bought and sold shares in DKS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holding in DICK’S Sporting Goods by 7.2% during the first quarter. The Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer, valued at $2,306,000, after purchasing an additional 1,541 shares during the period. Great West Life Assurance Co. Can increased its stake in DICK’S Sporting Goods by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer, valued at $4,161,000, after purchasing an additional 5,111 shares during the period. Yousif Capital Management LLC increased its stake in DICK’S Sporting Goods by 0.6% during the first quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer, valued at $3,670,000, after purchasing an additional 217 shares during the period. Sei Investments Co. increased its stake in DICK’S Sporting Goods by 20.3% in the first quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer, valued at $3,160,000, after purchasing an additional 5,182 shares during the period. Finally, the Canada Pension Plan Investment Board increased its stake in DICK’S Sporting Goods by 34.4% during the first quarter. The Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer, valued at $204,000, after purchasing an additional 524 shares during the period. 75.08% of the shares are owned by hedge funds and other institutional investors.

Analysts set new price targets

Several equity analysts have recently issued reports on the stock. Williams Trading cut shares of DICK’S Sporting Goods from a “buy” rating to a “hold” rating in a report Monday. DA Davidson raised its target price on shares of DICK’S Sporting Goods from $130.00 to $136.00 in a report on Wednesday, November 23. Gordon Haskett upgraded the shares of DICK’S Sporting Goods from a “hold” rating to a “buy” rating and issued a price target of $135.00 for the stock in a report dated Tuesday, November 22nd. Citigroup has raised its price target for shares of DICK’S Sporting Goods to $143.00 from $136.00 and gave the stock a “buy” rating in a report on Wednesday, November 23. Finally, Morgan Stanley raised its price target on shares of DICK’S Sporting Goods to $165.00 from $135.00 and gave the stock an overweight rating in a report on Monday, January 9th. Six research analysts have rated the stock with a hold and fifteen have given a buy rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods has an average rating of Moderate Buy and an average target price of $139.50.

DICK’S sporting goods retail down 0.3%

NYSE DKS opened at $129.43 on Wednesday. The company has a market cap of $10.25 billion, a P/E of 11.42, a P/E of 2.16 and a beta of 1.40. The company has a 50-day moving average of $123.33 and a 200-day moving average of $114.63. DICK’S Sporting Goods, Inc. has a 1 year low of $63.45 and a 1 year high of $138.43. The company has a gearing ratio of 0.69, a current ratio of 1.81 and a quick ratio of 0.59.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Tuesday, November 22nd. The sporting goods retailer reported earnings per share (EPS) of $2.60 for the quarter, beating analysts’ consensus estimate of $2.24 by $0.36. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.70 billion. DICK’S Sporting Goods had a net margin of 9.52% and a return on equity of 52.43%. Research analysts are forecasting that DICK’S Sporting Goods, Inc. will report earnings per share of $11.96 for the year to date.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 9 received a dividend of $0.488. The ex-dividend date was Thursday 8th December. That equates to a dividend of $1.95 on an annualized basis and a dividend yield of 1.51%. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 17.21%.

Insiders place their bets

In other news from DICK’S Sporting Goods, EVP Vladimir Rak sold 29,144 shares of the company’s shares in a transaction on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total value of $3,276,659.92. Following the closing of the transaction, the Executive Vice President now owns 48,260 shares of the Company, valued at $5,425,871.80. The sale was disclosed in a legal filing with the SEC available at this hyperlink. In other news, SVP Julie Lodge-Jarrett sold 9,139 shares of the company’s stock in a transaction on Wednesday, November 23. The shares were sold at an average price of $118.00 for a total transaction of $1,078,402.00. Upon completion of the sale, the senior vice president now owns 41,048 shares of the company, valued at $4,843,664. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In addition, EVP Vladimir Rak sold 29,144 shares of the company’s shares in a transaction on Wednesday, December 21st. The stock sold at an average price of $112.43 for a total transaction of $3,276,659.92. Following the sale, the Executive Vice President now directly owns 48,260 shares of the Company, valued at approximately $5,425,871.80. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 39,283 shares of the company’s stock for $4,475,632. Company insiders own 32.83% of the company’s shares.

DICK’S Sporting Goods Company Profile

(received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

Selected items

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