Teacher Retirement System of Texas Lowers Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Teacher Retirement System of Texas decreased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 87.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 16,769 shares of the sporting goods retailer's stock after selling 121,501 shares during the period. Teacher Retirement System of Texas' holdings in DICK'S Sporting Goods were worth $3,380,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wealthfront Advisers LLC purchased a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $1,893,210,000. Geode Capital Management LLC boosted its position in 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 buying an additional 15,011 shares during the last quarter. Norges Bank purchased a new stake in DICK'S Sporting Goods in the fourth quarter valued at approximately $221,693,000. Dimensional Fund Advisors LP boosted its position in 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 buying an additional 86,064 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in DICK'S Sporting Goods by 5.1% in the fourth quarter. JPMorgan Chase & Co. now owns 652,838 shares of the sporting goods retailer's stock valued at $149,396,000 after buying an additional 31,919 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

NYSE DKS traded down $4.74 during mid-day trading on Friday, hitting $209.89. The stock had a trading volume of 1,261,281 shares, compared to its average volume of 1,297,857. The firm's 50 day moving average is $187.86 and its 200 day moving average is $205.12. DICK'S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $254.60. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 3.06 and a beta of 1.07.

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

DICK'S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $1.2125 dividend. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is presently 34.69%.

Wall Street Analysts Forecast Growth

DKS has been the topic of several recent research reports. TD Cowen lowered DICK'S Sporting Goods from a "buy" rating to a "hold" rating and set a $216.00 price objective on the stock. in a research report on Thursday, May 15th. Telsey Advisory Group restated an "outperform" rating and issued a $220.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Bank of America lowered their price objective on 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. Stifel Nicolaus lowered their price objective on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their price objective on DICK'S Sporting Goods from $224.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, DICK'S Sporting Goods presently has a consensus rating of "Hold" and an average target price of $219.56.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, Director Robert W. Eddy acquired 1,280 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was purchased at an average cost of $194.99 per share, with a total value of $249,587.20. Following the transaction, the director owned 6,048 shares of the company's stock, valued at $1,179,299.52. This trade represents a 26.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Navdeep Gupta sold 9,303 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $215.00, for a total value of $2,000,145.00. Following the sale, the executive vice president directly owned 87,778 shares of the company's stock, valued at $18,872,270. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,866 shares of company stock worth $11,462,773. 32.55% of the stock is currently owned by company insiders.

DICK'S Sporting Goods Company 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.