New York State Teachers Retirement System cut its holdings in Dicks Sporting Goods Inc (NYSE:DKS) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,309 shares of the sporting goods retailer’s stock after selling 400 shares during the quarter. New York State Teachers Retirement System’s holdings in Dicks Sporting Goods were worth $5,422,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of Dicks Sporting Goods by 2,975.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 945,235 shares of the sporting goods retailer’s stock valued at $30,000 after purchasing an additional 914,503 shares in the last quarter. Nkcfo LLC acquired a new stake in shares of Dicks Sporting Goods during the fourth quarter valued at about $31,000. CENTRAL TRUST Co boosted its stake in shares of Dicks Sporting Goods by 4,150.0% during the first quarter. CENTRAL TRUST Co now owns 850 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 830 shares in the last quarter. Bremer Trust National Association acquired a new stake in shares of Dicks Sporting Goods during the fourth quarter valued at about $36,000. Finally, Huntington National Bank boosted its stake in shares of Dicks Sporting Goods by 36.8% during the fourth quarter. Huntington National Bank now owns 1,779 shares of the sporting goods retailer’s stock valued at $56,000 after purchasing an additional 479 shares in the last quarter. 82.65% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. Zacks Investment Research lowered Dicks Sporting Goods from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup assumed coverage on Dicks Sporting Goods in a research note on Wednesday, April 10th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, Telsey Advisory Group restated an “outperform” rating and set a $41.00 price objective (down from $44.00) on shares of Dicks Sporting Goods in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $41.17.
Shares of DKS opened at $36.65 on Friday. Dicks Sporting Goods Inc has a 1 year low of $29.69 and a 1 year high of $41.21. The company has a quick ratio of 0.20, a current ratio of 1.41 and a debt-to-equity ratio of 0.03. The stock has a market cap of $3.53 billion, a PE ratio of 11.31, a P/E/G ratio of 1.98 and a beta of 0.55.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.07. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period last year, the company earned $1.22 earnings per share. The firm’s revenue was down 5.7% compared to the same quarter last year. On average, research analysts anticipate that Dicks Sporting Goods Inc will post 3.26 EPS for the current fiscal year.
WARNING: This piece of content was reported by Enterprise Leader and is owned by of Enterprise Leader. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://theenterpriseleader.com/2019/05/25/dicks-sporting-goods-inc-dks-shares-sold-by-new-york-state-teachers-retirement-system.html.
About Dicks Sporting Goods
Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.
Recommended Story: Why is the ROA ratio important?
Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dicks Sporting Goods Inc (NYSE:DKS).
Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.