Retirement Systems of Alabama cut its holdings in shares of Dick’s Sporting Goods Inc (NYSE:DKS) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,630 shares of the sporting goods retailer’s stock after selling 3,919 shares during the period. Retirement Systems of Alabama owned approximately 0.21% of Dick’s Sporting Goods worth $6,337,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Dick’s Sporting Goods by 2.0% during the second quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock valued at $270,937,000 after buying an additional 135,991 shares during the last quarter. Sciencast Management LP bought a new position in Dick’s Sporting Goods in the second quarter valued at about $299,000. Diversified Investment Strategies LLC lifted its holdings in Dick’s Sporting Goods by 11.0% in the second quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock valued at $3,078,000 after acquiring an additional 7,675 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Dick’s Sporting Goods by 13.8% in the second quarter. Oppenheimer & Co. Inc. now owns 196,471 shares of the sporting goods retailer’s stock valued at $7,826,000 after acquiring an additional 23,852 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in Dick’s Sporting Goods by 56.3% in the second quarter. Public Employees Retirement System of Ohio now owns 60,311 shares of the sporting goods retailer’s stock valued at $2,402,000 after acquiring an additional 21,718 shares during the period. 72.87% of the stock is currently owned by institutional investors.

Dick’s Sporting Goods Inc (DKS) opened at $29.10 on Tuesday. Dick’s Sporting Goods Inc has a one year low of $23.88 and a one year high of $62.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. The firm has a market capitalization of $3,100.00, a price-to-earnings ratio of 9.23, a P/E/G ratio of 1.49 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last announced its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. analysts predict that Dick’s Sporting Goods Inc will post 2.97 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.68 annualized dividend and a yield of 2.34%. Dick’s Sporting Goods’s payout ratio is presently 25.09%.

ILLEGAL ACTIVITY NOTICE: “Dick’s Sporting Goods Inc (DKS) Position Lowered by Retirement Systems of Alabama” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/11/21/dicks-sporting-goods-inc-dks-position-lowered-by-retirement-systems-of-alabama.html.

Several research firms have recently commented on DKS. BidaskClub downgraded Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Wells Fargo & Company set a $29.00 price objective on Dick’s Sporting Goods and gave the stock a “hold” rating in a research note on Wednesday, October 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Dick’s Sporting Goods in a research note on Thursday, November 2nd. Cowen and Company reissued a “hold” rating and set a $28.00 target price on shares of Dick’s Sporting Goods in a research note on Thursday, September 28th. Finally, Credit Suisse Group decreased their target price on Dick’s Sporting Goods from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and seven have issued a buy rating to the stock. Dick’s Sporting Goods presently has an average rating of “Hold” and a consensus target price of $33.12.

Dick’s Sporting Goods Company 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.

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

Receive News & Stock Ratings for Dick's Sporting Goods Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dick's Sporting Goods Inc and related stocks with our FREE daily email newsletter.