New York State Common Retirement Fund Has $6.79 Million Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

New York State Common Retirement Fund increased its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,679 shares of the sporting goods retailer's stock after buying an additional 1,500 shares during the quarter. New York State Common Retirement Fund's holdings in DICK'S Sporting Goods were worth $6,788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DKS. EP Wealth Advisors LLC increased its position in DICK'S Sporting Goods by 5.9% in the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after purchasing an additional 57 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its stake in DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock valued at $258,000 after purchasing an additional 60 shares during the period. Private Trust Co. NA lifted its position in shares of DICK'S Sporting Goods by 54.1% in the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after acquiring an additional 66 shares during the period. Bessemer Group Inc. lifted its position in shares of DICK'S Sporting Goods by 49.3% in the 1st quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock worth $44,000 after acquiring an additional 72 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of DICK'S Sporting Goods by 42.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 255 shares of the sporting goods retailer's stock worth $51,000 after acquiring an additional 76 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Julie Lodge-Jarrett sold 1,026 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $203.50, for a total value of $208,791.00. Following the sale, the executive vice president directly owned 18,139 shares of the company's stock, valued at approximately $3,691,286.50. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $204.58, for a total transaction of $8,217,160.28. Following the transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. The trade was a 11.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,866 shares of company stock valued at $11,462,773 in the last quarter. Insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Down 1.1%

DKS stock traded down $2.49 during midday trading on Thursday, reaching $214.31. The company had a trading volume of 160,609 shares, compared to its average volume of 1,512,271. 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 company has a market capitalization of $17.15 billion, a P/E ratio of 15.32, a PEG ratio of 3.06 and a beta of 1.07. The company has a 50 day moving average of $189.75 and a two-hundred day moving average of $203.95.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share (EPS) for the quarter, hitting 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 net margin of 8.49% and a return on equity of 38.06%. On average, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $1.2125 dividend. This represents a $4.85 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen cut DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 target price for the company. in a report on Thursday, May 15th. UBS Group reduced their price target on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. Barclays raised their price target on DICK'S Sporting Goods from $217.00 to $232.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Stifel Nicolaus reduced their target price on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, DA Davidson reiterated a "buy" rating and set a $230.00 target price on shares of DICK'S Sporting Goods in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $219.56.

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.