Teachers Retirement System of The State of Kentucky trimmed its stake in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,620 shares of the sporting goods retailer’s stock after selling 1,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Dick’s Sporting Goods were worth $702,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd purchased a new position in Dick’s Sporting Goods during the first quarter valued at $114,000. Creative Planning lifted its stake in shares of 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 worth $106,000 after buying an additional 1,118 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 worth $113,000 after buying an additional 653 shares in the last quarter. HPM Partners LLC purchased a new position in shares of Dick’s Sporting Goods in the second quarter worth about $272,000. Finally, Globeflex Capital L P purchased a new position in shares of Dick’s Sporting Goods in the first quarter worth about $224,000. 77.61% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. Canaccord Genuity set a $54.00 price target on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a research note on Saturday, July 1st. MKM Partners downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $47.00 to $30.00 in a research note on Tuesday, August 15th. Citigroup Inc. downgraded shares of Dick’s Sporting Goods from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Wednesday, August 16th. Barclays PLC reissued an “equal weight” rating and issued a $30.00 price target (down from $46.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, August 16th. Finally, BMO Capital Markets set a $37.00 price target on shares of Dick’s Sporting Goods and gave the stock an “outperform” rating in a research note on Wednesday, August 16th. Three investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $37.73.

In related news, Director William J. Colombo purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average price of $26.25 per share, with a total value of $525,000.00. Following the completion of the transaction, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 23.09% of the stock is currently owned by company insiders.

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Dick’s Sporting Goods Inc (NYSE DKS) opened at 24.85 on Monday. The company has a 50 day moving average of $26.95 and a 200-day moving average of $37.75. Dick’s Sporting Goods Inc has a one year low of $24.60 and a one year high of $62.88. The firm has a market cap of $2.72 billion, a PE ratio of 8.92 and a beta of 0.51.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.04). Dick’s Sporting Goods had a return on equity of 19.09% and a net margin of 3.74%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the previous year, the business posted $0.82 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts predict that Dick’s Sporting Goods Inc will post $2.90 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, September 7th. Dick’s Sporting Goods’s payout ratio is currently 24.29%.

Dick’s Sporting Goods Profile

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.

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

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