DICK'S Sporting Goods, Inc. (NYSE:DKS) Position Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened 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 Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independent Advisor Alliance grew its holdings in DICK'S Sporting Goods by 5.4% in the fourth quarter. Independent Advisor Alliance now owns 1,026 shares of the sporting goods retailer's stock valued at $235,000 after purchasing an additional 53 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in DICK'S Sporting Goods by 5.9% in the fourth quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock valued at $232,000 after purchasing an additional 57 shares during the last quarter. Pine Haven Investment Counsel Inc grew its holdings in DICK'S Sporting Goods by 4.9% in the first 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 last quarter. Private Trust Co. NA lifted its position in shares of DICK'S Sporting Goods by 54.1% in the first quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock valued at $38,000 after acquiring an additional 66 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of DICK'S Sporting Goods by 49.3% during the first quarter. Bessemer Group Inc. now owns 218 shares of the sporting goods retailer's stock valued at $44,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus decreased 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 note on Thursday, April 10th. DA Davidson reaffirmed a "buy" rating and set a $230.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday, June 27th. Barclays increased their price objective on DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research note on Thursday, May 29th. Wells Fargo & Company increased their price objective on DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Robert W. Baird decreased their price objective on DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, May 16th. One investment 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $219.56.

DICK'S Sporting Goods Stock Down 2.2%

NYSE DKS traded down $4.74 during mid-day trading on Friday, reaching $209.89. 1,261,281 shares of the company's stock traded hands, compared to its average volume of 1,295,160. 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 fifty day simple moving average of $187.86 and a 200-day simple moving average of $204.98. 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 cap of $16.80 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 3.00 and a beta of 1.07.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $3.12 billion. As a group, equities research analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced 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. This represents a $4.85 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio is presently 34.69%.

Insider Buying and Selling

In other news, SVP Elizabeth H. Baran sold 1,830 shares of DICK'S Sporting Goods stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the completion of the transaction, the senior vice president owned 12,465 shares in the company, valued at approximately $2,550,962.25. This trade represents a 12.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Eddy bought 1,357 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was purchased at an average price of $185.31 per share, with a total value of $251,465.67. Following the transaction, the director owned 4,768 shares in the company, valued at approximately $883,558.08. This represents a 39.78% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 55,866 shares of company stock worth $11,462,773. 32.55% of the stock is currently owned by 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.