Teacher Retirement System of Texas Acquires 552 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

The Teacher Retirement System of Texas increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,083 shares of the sporting goods retailer after purchasing an additional 552 shares during the quarter. The Teacher Retirement System of Texas’ holdings in DICK’S Sporting Goods were worth $1,309,000 at the end of the most recent quarter.

Several other major investors have also bought and sold shares in DKS. Fifth Third Bancorp increased its ownership interest in DICK’S Sporting Goods stock by 62.0% during the first quarter. Fifth Third Bancorp now owns 264 shares of the $26,000 sporting goods retailer after buying another 101 shares last quarter. South Dakota’s Sageworth Trust Co bought a new position in DICK’S Sporting Goods valued at $44,000 during the fourth quarter. Covestor Ltd bought a new position in DICK’S Sporting Goods valued at $48,000 during the fourth quarter. HHM Wealth Advisors LLC bought a new $51,000 position in DICK’S Sporting Goods during the first quarter. Finally, Quent Capital LLC acquired a new $57,000 interest in DICK’S Sporting Goods during the fourth quarter. 78.92% of the shares are owned by institutional investors.

Changes in analyst ratings

Several analysts have recently issued reports on DKS stock. Stephens lowered its target price on shares of DICK’S Sporting Goods to $102.00 in a research report on Monday, May 30. UBS Group lowered its price target for shares of DICK’S Sporting Goods to $85.00 in a research note on Thursday, May 26. Robert W. Baird lowered his target price on DICK’S Sporting Goods shares to $85.00 from $115.00 and gave the stock a neutral rating in a research note on Wednesday, May 25. DA Davidson lowered its target price on shares of DICK’S Sporting Goods to $123.00 in a research note on Thursday, May 26. Finally, Gordon Haskett upgraded shares of DICK’S Sporting Goods from a “reduce” rating to a “hold” rating and issued a research note on Thursday, May 26th with a price target of $78.00 for the stock. One investment analyst has rated the stock with a sell rating, nine with a hold rating and eight with a buy rating. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of Hold and a consensus price target of $117.94.

Insider buying and selling

In other news from DICK’S Sporting Goods, Director William J. Colombo purchased 5,000 shares of DICK’S Sporting Goods in a transaction that took place Tuesday, May 31st. The stock was purchased at an average price of $80.99 per share for a total value of $404,950.00. Upon completion of the acquisition, the Director now directly owns 162,003 shares of the Company, valued at approximately $13,120,622.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,200 shares of the company’s stock in a transaction on Thursday, May 26th. The shares sold at an average price of $84.57 for a total value of $101,484.00. Following the closing of the transaction, the senior vice president now owns 34,231 shares of the company, valued at $2,894,915.67. The sale was disclosed in a legal filing with the SEC available at this hyperlink. Also on Tuesday, May 31, Director William J. Colombo acquired 5,000 shares of the company’s shares in a transaction. The stock was purchased at an average price of $80.99 per share for a total value of $404,950.00. Following the transaction, the director now owns 162,003 shares of the Company, valued at approximately $13,120,622.97. The disclosure for this purchase can be found here. 32.83% of the shares are currently owned by company insiders.

DICK’S sporting goods retail increased by 5.0%

NYSE DKS opened at $112.85 on Wednesday. The company has a 50-day simple moving average of $87.17 and a 200-day simple moving average of $95.99. The stock has a market cap of $9.09 billion, a P/E of 8.72, a P/E of 1.99, and a beta of 1.63. DICK’S Sporting Goods, Inc. has a 12-month low of $63.45 and a 12-month high of $147.39. The company has a current ratio of 1.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The sporting goods retailer reported earnings per share (EPS) of $2.85 for the quarter, beating analyst consensus estimates of $2.43 by $0.42. DICK’S Sporting Goods had a net margin of 11.75% and a return on equity of 58.42%. The company made $2.70 billion in revenue for the quarter, compared to analysts’ expectations of $2.63 billion. In the same quarter last year, the company posted earnings per share of $3.79. The company’s quarterly revenue fell 7.5% year over year. On average, analysts are forecasting that DICK’S Sporting Goods, Inc. will report earnings per share of 10.77 for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. On Friday, June 10, investors of record were paid a dividend of $0.488 per share. The ex-dividend date was Thursday June 9th. That equates to an annualized dividend of $1.95 and a dividend yield of 1.73%. DICK’S Sporting Goods’ Dividend Payout Ratio (DPR) is currently 15.07%.

DICK’S Sporting Goods Company Profile

(get rating)

DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; Clothing; and shoes and accessories.

Selected items

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