Arizona State Retirement System decreased its stake in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,346 shares of the sporting goods retailer’s stock after selling 500 shares during the period. Arizona State Retirement System’s holdings in Dicks Sporting Goods were worth $1,948,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DKS. BB&T Corp increased its stake in Dicks Sporting Goods by 2.0% in the third quarter. BB&T Corp now owns 60,102 shares of the sporting goods retailer’s stock valued at $3,409,000 after buying an additional 1,157 shares in the last quarter. First Trust Advisors LP increased its stake in Dicks Sporting Goods by 6.5% in the third quarter. First Trust Advisors LP now owns 470,147 shares of the sporting goods retailer’s stock valued at $26,667,000 after buying an additional 28,748 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Dicks Sporting Goods by 0.3% in the third quarter. Mutual of America Capital Management LLC now owns 71,796 shares of the sporting goods retailer’s stock valued at $4,072,000 after buying an additional 248 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. increased its stake in Dicks Sporting Goods by 2.1% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 139,199 shares of the sporting goods retailer’s stock valued at $7,895,000 after buying an additional 2,879 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Dicks Sporting Goods during the third quarter valued at $4,343,000. 70.79% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

Dicks Sporting Goods Inc (NYSE:DKS) traded up 1.60% during mid-day trading on Tuesday, hitting $60.18. 1,400,205 shares of the stock traded hands. Dicks Sporting Goods Inc has a 12-month low of $33.44 and a 12-month high of $62.88. The firm’s 50-day moving average is $57.37 and its 200-day moving average is $52.41. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 20.83 and a beta of 0.71.

Dicks Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 15th. The sporting goods retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The company earned $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Dicks Sporting Goods had a net margin of 4.25% and a return on equity of 18.15%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Equities research analysts expect that Dicks Sporting Goods Inc will post $3.10 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 9th will be given a dividend of $0.1513 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Wednesday, December 7th. Dicks Sporting Goods’s payout ratio is currently 21.11%.

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Several research firms have recently weighed in on DKS. Zacks Investment Research downgraded shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research note on Monday. B. Riley reissued a “buy” rating and set a $68.00 price objective on shares of Dicks Sporting Goods in a report on Monday, November 21st. Brean Capital reissued a “buy” rating on shares of Dicks Sporting Goods in a report on Wednesday, November 16th. RBC Capital Markets lifted their price objective on shares of Dicks Sporting Goods from $66.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, November 16th. Finally, Royal Bank Of Canada lifted their price objective on shares of Dicks Sporting Goods from $66.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the stock. Dicks Sporting Goods presently has an average rating of “Buy” and an average target price of $61.26.

In other Dicks Sporting Goods news, EVP Lauren R. Hobart sold 24,015 shares of Dicks Sporting Goods stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $58.45, for a total transaction of $1,403,676.75. Following the completion of the transaction, the executive vice president now owns 57,930 shares in the company, valued at $3,386,008.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Lee J. Belitsky sold 15,000 shares of Dicks Sporting Goods stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $58.50, for a total transaction of $877,500.00. Following the transaction, the chief financial officer now owns 131,623 shares of the company’s stock, valued at approximately $7,699,945.50. The disclosure for this sale can be found here. Company insiders own 22.96% of the company’s stock.

About Dicks Sporting Goods

DICK’S Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.

5 Day Chart for NYSE:DKS

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