New York State Common Retirement Fund decreased its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 29.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 243,378 shares of the sporting goods retailer’s stock after selling 100,525 shares during the period. New York State Common Retirement Fund owned about 0.22% of Dick’s Sporting Goods worth $9,694,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning grew its holdings in Dick’s Sporting Goods by 72.2% in the second quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after purchasing an additional 1,118 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Dick’s Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new stake in Dick’s Sporting Goods in the first quarter valued at $114,000. Globeflex Capital L P acquired a new stake in Dick’s Sporting Goods in the first quarter valued at $224,000. Finally, Nordea Investment Management AB grew its holdings in Dick’s Sporting Goods by 57.8% in the first quarter. Nordea Investment Management AB now owns 5,080 shares of the sporting goods retailer’s stock valued at $247,000 after purchasing an additional 1,860 shares during the last quarter. 77.76% of the stock is currently owned by institutional investors.

Dick’s Sporting Goods Inc (NYSE:DKS) opened at 27.62 on Monday. Dick’s Sporting Goods Inc has a 12-month low of $25.94 and a 12-month high of $62.88. The stock has a market capitalization of $3.02 billion, a P/E ratio of 9.91 and a beta of 0.51. The stock has a 50 day moving average price of $27.04 and a 200-day moving average price of $38.66.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts expect that Dick’s Sporting Goods Inc will post $2.90 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.68 dividend on an annualized basis and a yield of 2.46%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is currently 24.29%.

In other news, Director William J. Colombo bought 20,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $26.25 per share, for a total transaction of $525,000.00. Following the completion of the purchase, the director now directly owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 23.09% of the company’s stock.

DKS has been the topic of a number of analyst reports. Cowen and Company reaffirmed a “hold” rating and set a $28.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, September 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dick’s Sporting Goods in a research note on Thursday, September 14th. ValuEngine lowered Dick’s Sporting Goods from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Dick’s Sporting Goods in a research note on Thursday, August 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 price objective (down previously from $55.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and five have given a buy rating to the company. Dick’s Sporting Goods currently has an average rating of “Hold” and an average target price of $38.92.

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About Dick’s 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 primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

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