Retirement Systems of Alabama Grows Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Retirement Systems of Alabama increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,800 shares of the sporting goods retailer’s stock after purchasing an additional 14,934 shares during the period. Retirement Systems of Alabama’s holdings in DICK’S Sporting Goods were worth $26,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DKS. Wealth Enhancement Advisory Services LLC raised its stake in shares of DICK’S Sporting Goods by 8.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,119 shares of the sporting goods retailer’s stock valued at $1,744,000 after buying an additional 620 shares during the last quarter. ORG Partners LLC acquired a new position in DICK’S Sporting Goods in the second quarter valued at approximately $30,000. Envestnet Portfolio Solutions Inc. boosted its position in DICK’S Sporting Goods by 51.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,634 shares of the sporting goods retailer’s stock worth $1,210,000 after purchasing an additional 1,911 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of DICK’S Sporting Goods by 87.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,756 shares of the sporting goods retailer’s stock worth $592,000 after purchasing an additional 1,289 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of DICK’S Sporting Goods by 435.0% during the 2nd quarter. Blue Trust Inc. now owns 321 shares of the sporting goods retailer’s stock valued at $72,000 after purchasing an additional 261 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial increased their price target on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Wedbush restated a “neutral” rating and set a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. JPMorgan Chase & Co. upped their price target on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.95.

DICK’S Sporting Goods Trading Up 2.6 %

Shares of DKS opened at $223.39 on Friday. DICK’S Sporting Goods, Inc. has a 52-week low of $137.06 and a 52-week high of $239.30. The stock has a market cap of $18.20 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The firm’s fifty day moving average is $206.41 and its two-hundred day moving average is $212.36. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. DICK’S Sporting Goods’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $2.85 earnings per share. Research analysts forecast that DICK’S Sporting Goods, Inc. will post 13.88 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $1.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.40 annualized dividend and a dividend yield of 1.97%. DICK’S Sporting Goods’s dividend payout ratio is presently 31.45%.

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.