DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Lessened by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 24.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,652 shares of the sporting goods retailer's stock after selling 7,215 shares during the period. Illinois Municipal Retirement Fund's holdings in DICK'S Sporting Goods were worth $4,566,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new stake in DICK'S Sporting Goods in the fourth quarter valued at about $1,893,210,000. Norges Bank acquired a new position in shares of DICK'S Sporting Goods in the 4th quarter worth approximately $221,693,000. Wellington Management Group LLP bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at approximately $125,285,000. Junto Capital Management LP acquired a new stake in shares of DICK'S Sporting Goods during the 4th quarter valued at approximately $89,351,000. Finally, GAMMA Investing LLC lifted its stake in DICK'S Sporting Goods by 24,140.8% during the first quarter. GAMMA Investing LLC now owns 291,859 shares of the sporting goods retailer's stock worth $58,827,000 after purchasing an additional 290,655 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. TD Cowen cut shares of DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price on the stock. in a report on Thursday, May 15th. Robert W. Baird cut their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a report on Friday, May 16th. Stifel Nicolaus lowered their target price on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Bank of America cut their price objective on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Finally, Gordon Haskett downgraded DICK'S Sporting Goods from a "buy" rating to a "reduce" rating and set a $170.00 price objective for the company. in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $219.56.

Insider Buying and Selling at DICK'S Sporting Goods

In related news, CEO Lauren R. Hobart sold 40,166 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $204.58, for a total value of $8,217,160.28. Following the completion of the transaction, the chief executive officer owned 299,990 shares of the company's stock, valued at approximately $61,371,954.20. This trade represents a 11.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 1,026 shares of DICK'S Sporting Goods stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $203.50, for a total transaction of $208,791.00. Following the transaction, the executive vice president owned 18,139 shares in the company, valued at approximately $3,691,286.50. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,733 shares of company stock valued at $9,088,118. 32.55% of the stock is currently owned by corporate insiders.

DICK'S Sporting Goods Price Performance

DKS stock traded up $0.88 on Wednesday, hitting $206.82. 1,200,768 shares of the company's stock traded hands, compared to its average volume of 1,289,733. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 2.82 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $254.60. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $184.74 and a 200-day moving average of $205.74.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting analysts' consensus estimates of $3.37. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.12 billion. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. On average, analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $1.2125 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 annualized dividend and a yield of 2.35%. DICK'S Sporting Goods's payout ratio is presently 34.69%.

DICK'S Sporting Goods declared that its Board of Directors has authorized a share repurchase plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the sporting goods retailer to buy up to 18.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

About DICK'S Sporting Goods

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.