California Public Employees Retirement System Lowers Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

California Public Employees Retirement System decreased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,381 shares of the sporting goods retailer's stock after selling 5,497 shares during the period. California Public Employees Retirement System owned about 0.14% of DICK'S Sporting Goods worth $17,249,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC lifted its stake in shares of DICK'S Sporting Goods by 16.9% during the 3rd quarter. AE Wealth Management LLC now owns 2,352 shares of the sporting goods retailer's stock worth $255,000 after buying an additional 340 shares during the last quarter. DAVENPORT & Co LLC bought a new position in DICK'S Sporting Goods in the 3rd quarter valued at about $299,000. Copeland Capital Management LLC lifted its position in DICK'S Sporting Goods by 31,483.6% during the third quarter. Copeland Capital Management LLC now owns 169,920 shares of the sporting goods retailer's stock worth $18,450,000 after acquiring an additional 169,382 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of DICK'S Sporting Goods by 7.1% during the third quarter. Commonwealth Equity Services LLC now owns 36,661 shares of the sporting goods retailer's stock worth $3,981,000 after acquiring an additional 2,436 shares during the period. Finally, Aquila Investment Management LLC boosted its holdings in shares of DICK'S Sporting Goods by 50.0% during the third quarter. Aquila Investment Management LLC now owns 15,000 shares of the sporting goods retailer's stock worth $1,629,000 after acquiring an additional 5,000 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Price Performance

Shares of DKS traded down $4.66 during midday trading on Tuesday, hitting $200.95. The company's stock had a trading volume of 678,800 shares, compared to its average volume of 1,157,413. The company has a quick ratio of 0.74, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. DICK'S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $225.79. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.51 and a beta of 1.58. The company's fifty day simple moving average is $199.24 and its two-hundred day simple moving average is $157.66.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.35 by $0.50. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. DICK'S Sporting Goods had a return on equity of 42.99% and a net margin of 8.06%. DICK'S Sporting Goods's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $2.93 earnings per share. As a group, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.26 earnings per share for the current fiscal year.

DICK'S Sporting Goods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $1.10 dividend. This is an increase from DICK'S Sporting Goods's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $4.40 annualized dividend and a yield of 2.19%. DICK'S Sporting Goods's dividend payout ratio is presently 36.12%.

Insider Buying and Selling at DICK'S Sporting Goods

In other news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the acquisition, the insider now directly owns 8,818,615 shares in the company, valued at approximately $1,886,566,306.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $213.93 per share, with a total value of $8,557,200.00. Following the completion of the purchase, the insider now directly owns 8,818,615 shares of the company's stock, valued at approximately $1,886,566,306.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Elizabeth H. Baran sold 2,175 shares of DICK'S Sporting Goods stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $221.78, for a total transaction of $482,371.50. Following the sale, the senior vice president now owns 11,051 shares in the company, valued at $2,450,890.78. The disclosure for this sale can be found here. Insiders have sold 209,763 shares of company stock worth $46,483,438 over the last quarter. Corporate insiders own 30.79% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays lifted their price target on DICK'S Sporting Goods from $194.00 to $239.00 and gave the stock an "overweight" rating in a report on Monday, March 18th. Stifel Nicolaus lifted their target price on DICK'S Sporting Goods from $126.00 to $215.00 and gave the stock a "hold" rating in a report on Friday, March 15th. UBS Group upped their price target on shares of DICK'S Sporting Goods from $142.00 to $215.00 and gave the company a "neutral" rating in a research note on Tuesday, March 19th. Williams Trading raised shares of DICK'S Sporting Goods from a "hold" rating to a "buy" rating and raised their price target for the stock from $154.00 to $235.00 in a research report on Thursday, March 14th. Finally, Oppenheimer boosted their price objective on shares of DICK'S Sporting Goods from $190.00 to $240.00 and gave the company an "outperform" rating in a report on Wednesday, March 20th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $208.64.

DICK'S Sporting Goods Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.