Retirement Systems of Alabama Has $14.21 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Retirement Systems of Alabama trimmed its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 39.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,476 shares of the sporting goods retailer's stock after selling 45,934 shares during the period. Retirement Systems of Alabama owned 0.09% of DICK'S Sporting Goods worth $14,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealthfront Advisers LLC acquired a new position in shares of DICK'S Sporting Goods in the fourth quarter valued at $1,893,210,000. Charles Schwab Investment Management Inc. boosted its position in shares of DICK'S Sporting Goods by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,866,177 shares of the sporting goods retailer's stock valued at $427,056,000 after acquiring an additional 77,357 shares during the period. Geode Capital Management LLC boosted its position in shares of DICK'S Sporting Goods by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,057,793 shares of the sporting goods retailer's stock valued at $241,660,000 after acquiring an additional 15,011 shares during the period. Norges Bank bought a new stake in shares of DICK'S Sporting Goods in the fourth quarter valued at about $221,693,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of DICK'S Sporting Goods by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 881,620 shares of the sporting goods retailer's stock valued at $201,768,000 after acquiring an additional 86,064 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DKS has been the subject of several recent analyst reports. DA Davidson cut their price objective on shares of DICK'S Sporting Goods from $273.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, May 29th. Citigroup reissued a "neutral" rating on shares of DICK'S Sporting Goods in a report on Thursday, May 29th. Loop Capital dropped their target price on shares of DICK'S Sporting Goods from $195.00 to $180.00 and set a "hold" rating for the company in a report on Friday, May 16th. Telsey Advisory Group reissued an "outperform" rating and issued a $220.00 target price on shares of DICK'S Sporting Goods in a report on Wednesday, May 28th. Finally, Robert W. Baird dropped their target price on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Hold" and a consensus price target of $220.11.

DICK'S Sporting Goods Stock Down 0.3%

Shares of NYSE DKS opened at $173.64 on Monday. The business has a 50-day moving average of $183.45 and a 200-day moving average of $206.93. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 2.47 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a 12 month low of $166.37 and a 12 month 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.

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 earnings per share for the quarter, meeting the consensus estimate of $3.37. The firm 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%. Sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK'S Sporting Goods announced that its board has approved a share repurchase program on Tuesday, March 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $1.2125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.79%. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

DICK'S Sporting Goods Profile

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.

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