Texas Permanent School Fund Corp Sells 2,174 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Texas Permanent School Fund Corp cut its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,913 shares of the sporting goods retailer’s stock after selling 2,174 shares during the period. Texas Permanent School Fund Corp’s holdings in DICK’S Sporting Goods were worth $11,448,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DKS. Norges Bank bought a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $108,908,000. Wedge Capital Management L L P NC bought a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $47,196,000. Los Angeles Capital Management LLC grew its position in DICK’S Sporting Goods by 5,379.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after acquiring an additional 164,706 shares during the last quarter. International Assets Investment Management LLC bought a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $19,219,000. Finally, Victory Capital Management Inc. grew its position in DICK’S Sporting Goods by 4.2% during the 4th quarter. Victory Capital Management Inc. now owns 2,334,018 shares of the sporting goods retailer’s stock worth $342,984,000 after acquiring an additional 94,745 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DKS has been the topic of a number of research analyst reports. Barclays increased their price target on DICK’S Sporting Goods from $231.00 to $247.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. TD Cowen increased their price objective on DICK’S Sporting Goods from $224.00 to $266.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Wells Fargo & Company increased their price objective on DICK’S Sporting Goods from $210.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, May 30th. Gordon Haskett increased their price objective on DICK’S Sporting Goods from $190.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Robert W. Baird increased their price objective on DICK’S Sporting Goods from $225.00 to $235.00 and gave the company a “neutral” rating in a research report on Thursday, May 30th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $237.09.

DICK’S Sporting Goods Trading Up 4.0 %

DICK’S Sporting Goods stock traded up $8.32 during mid-day trading on Friday, hitting $218.46. 147,540 shares of the company’s stock were exchanged, compared to its average volume of 1,146,777. The firm has a market capitalization of $17.80 billion, a P/E ratio of 18.06, a PEG ratio of 2.18 and a beta of 1.65. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $234.47. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. The company’s 50 day simple moving average is $208.97 and its 200-day simple moving average is $188.82.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, May 29th. The sporting goods retailer reported $3.30 EPS for the quarter, topping the consensus estimate of $2.94 by $0.36. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.94 billion. DICK’S Sporting Goods had a return on equity of 41.80% and a net margin of 7.73%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.40 EPS. On average, equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.76 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, June 14th. DICK’S Sporting Goods’s payout ratio is presently 36.42%.

Insider Buying and Selling

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 4,910 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $222.02, for a total transaction of $1,090,118.20. Following the completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,664,218.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 32.03% of the stock is currently owned by company insiders.

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.