State of New Jersey Common Pension Fund D Has $4.74 Million Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

State of New Jersey Common Pension Fund D cut its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,686 shares of the sporting goods retailer’s stock after selling 455 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in DICK’S Sporting Goods were worth $4,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DKS. Envestnet Portfolio Solutions Inc. raised its holdings in shares of DICK’S Sporting Goods by 5.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,723 shares of the sporting goods retailer’s stock valued at $837,000 after purchasing an additional 192 shares during the last quarter. SG Americas Securities LLC raised its holdings in DICK’S Sporting Goods by 65.5% during the 1st quarter. SG Americas Securities LLC now owns 9,792 shares of the sporting goods retailer’s stock valued at $2,202,000 after buying an additional 3,875 shares during the last quarter. Sei Investments Co. raised its holdings in DICK’S Sporting Goods by 5.3% in the 1st quarter. Sei Investments Co. now owns 26,726 shares of the sporting goods retailer’s stock worth $6,008,000 after purchasing an additional 1,345 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of DICK’S Sporting Goods by 12.5% in the 1st quarter. Russell Investments Group Ltd. now owns 97,880 shares of the sporting goods retailer’s stock worth $22,009,000 after buying an additional 10,894 shares during the period. Finally, US Bancorp DE grew its position in shares of DICK’S Sporting Goods by 2.6% in the 1st quarter. US Bancorp DE now owns 5,028 shares of the sporting goods retailer’s stock worth $1,131,000 after buying an additional 127 shares during the period. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Stock Down 2.3 %

NYSE DKS opened at $198.32 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The business has a fifty day moving average price of $208.29 and a 200 day moving average price of $210.55. The company has a market cap of $16.15 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.31 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a one year low of $110.07 and a one year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business posted $2.82 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DKS shares. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Loop Capital lifted their price objective on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Robert W. Baird reiterated a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. UBS Group boosted their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. boosted their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.