DICK’S Sporting Goods, Inc. (NYSE:DKS) Equity Position Cuts as Kentucky Teacher Retirement Plan

Retirement


Kentucky Teachers’ Retirement Plan sold 12.5 shares of Dick’s Sports Goods (NYSE: DKS – Get Rating) during the fourth quarter, according to the company’s most recent 13th-floor filing with the stock exchange. % reduced. exchange committee. The fund held 9,096 shares in the sporting goods retailer after selling 1,300 shares during the quarter. The DICK’S Sporting Goods holdings of the Kentucky Teachers’ Retirement Program were valued at $1,094,000 as of the latest SEC filing.

Other institutional investors have also recently changed positions in the company. Heritage Wealth Management LLC increased his stake in DICK’S Sporting Goods by 100.0% in the fourth quarter. Heritage Wealth Management LLC purchased an additional 108 shares last quarter and now owns 216 shares of the sporting goods retailer, valued at $26,000. CoreCap Advisors LLC purchased his new DICK’S Sporting Goods shares in the fourth quarter for his $39,000 equivalent. Ronald Blue Trust Inc. increased his DICK’S Sporting Goods stake by 761.9% during the fourth quarter. Ronald Blue Trust purchased an additional 480 shares during the period and now owns 543 shares of the sporting goods retailer worth $57,000. Godsey & Gibb Inc. purchased his new DICK’S Sporting Goods position during the fourth quarter for his $60,000 equivalent. Finally, Money Concepts Capital Corp increased his stake in DICK’S Sporting Goods stock by 176.8% during the fourth quarter. Money Concepts Capital Corp purchased an additional 359 shares during the period and now owns 562 shares of the sporting goods retailer worth $68,000. Hedge funds and other institutional investors hold 75.08% of the company’s shares.

DICK’S sporting goods stock price

The NYSE DKS opened at $135.10 on Monday. His 50-day moving average price for this company is $136.45 and his 200-day moving average price is $131.75. The company has a market capitalization of $11.65 billion, a price/earnings multiple of 11.55 times, a price/earnings multiple of 1.72 times, and a beta of 1.44 times. The company has a current ratio of 1.96, a quick ratio of 0.76 and a debt to equity ratio of 0.55. Shares of Dick’s Sports Goods fell to a 12-month low of $71.31 and a high of $152.61.

DICK’S Sporting Goods (NYSE: DKS – Get Rating) last reported earnings on Tuesday, May 23rd. The sporting goods retailer reported his EPS of $3.40 for the quarter, beating consensus expectations of $3.22 for him by $0.18. The business had sales of $2.84 billion in the quarter, compared with consensus expectations of $2.8 billion. DICK’S Sporting Goods had a return on equity of 45.52% and a net profit margin of 8.69%. The company’s revenue increased by 5.3% year-on-year. EPS for the business was $2.85 in the year-ago quarter. On average, research analysts expect DICK’S Sporting Goods, Inc. to generate earnings per share of 13.48 for the current year.

DICK’S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend to be paid on Friday, June 30. Dividends of $1.00 per share will be issued to investors who register on Friday, June 16th. The ex-dividend date is Thursday, June 15. This equates to an annual dividend of $4.00 and a dividend yield of 2.96%. DICK’S Sporting Goods currently has a payout ratio of 34.19%.

Wall Street analysts forecast growth

Many equity analysts have commented on the stock. Jefferies Financial Group began coverage of DICK’S Sporting Goods shares in a report on Tuesday, March 14. They rated the company “Hold” and set a price target of $155.00. JPMorgan Chase raised its price target on Dick’s Sports Goods from $125.00 to $148.00 in a research report on Wednesday, March 8, giving the company a Neutral rating. Robert W. Baird said in a research note on Tuesday, March 7 that he increased his price target for DICK’S Sporting Goods from $120.00 to $150.00. Wedbush has raised its price target for DICK’S Sporting Goods from $140.00 to $155.00, giving the company an “Outperform” rating in a research note on Wednesday, March 8. Finally, Gordon Huskett raised his price target for DICK’S Sporting Goods from $135.00 to $170.00 in a research note on Tuesday, March 7th. Nine research analysts rate the stock as a “hold,” while 14 rate it as a “buy.” Data from MarketBeat.com shows the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.43.

Insider trading in DICK’S sporting goods

In other news from DICK’S Sporting Goods, SVP John Edward Hayes III sold 1,733 shares in the company in a transaction that took place on Wednesday, June 7th. The shares sold at an average price of $136.66 for a total transaction value of $236,831.78. After the sale is completed, the Senior Vice President will own 18,416 shares of the company’s stock, valued at approximately $2,516,730.56. The sale was disclosed in legal filings with the SEC, which are available on his SEC website. In other DICK’S Sporting Goods news, senior vice president girlfriend Julie Lodge-Jarrett sold 8,560 shares of the company’s stock in a transaction on Tuesday, April 11. The shares sold at an average price of $140.00, giving her a total of $1,198,400.00. Following the transaction, the Senior Vice President now owns 30,712 shares of the company’s stock valued at $4,299,680. The sale was disclosed in filings with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Senior Vice President John Edward Hayes III also sold 1,733 shares of the company in a transaction on Wednesday, June 7. The shares were sold at an average price of $136.66 for a total of $236,831.78. Following the transaction, the Senior Vice President will own directly 18,416 shares of the Company’s stock, valued at approximately $2,516,730.56. Disclosure information regarding this sale can be found here. Insiders have sold a total of 69,668 shares worth $9,493,157 in the past 90 days. 30.79% of the shares are owned by corporate insiders.

DICK’S Sports Goods Company Profile

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DICK’S Sporting Goods, Inc., along with its subsidiaries, operates primarily as a sporting goods retailer in the United States. The company offers a hard line of sporting goods, fitness equipment, golf equipment, hunting and fishing gear products. clothing; and shoes and accessories.

Related item

Want to know if other hedge funds hold DKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for DICK’S Sporting Goods, Inc. (NYSE: DKS – rated).

DICK'S Sporting Goods Quarterly Institutional Ownership (NYSE:DKS)

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