Texas Permanent School Fund Sells 988 Shares of Dicks Sporting Goods Inc (NYSE:DKS)

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Texas Permanent School Fund lowered its stake in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,846 shares of the sporting goods retailer’s stock after selling 988 shares during the period. Texas Permanent School Fund’s holdings in Dicks Sporting Goods were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in DKS. Signaturefd LLC raised its position in shares of Dicks Sporting Goods by 37.7% during the second quarter. Signaturefd LLC now owns 1,986 shares of the sporting goods retailer’s stock valued at $69,000 after buying an additional 544 shares during the last quarter. Investors Research Corp grew its holdings in shares of Dicks Sporting Goods by 23.5% in the second quarter. Investors Research Corp now owns 2,100 shares of the sporting goods retailer’s stock valued at $73,000 after purchasing an additional 400 shares in the last quarter. Clarus Wealth Advisors purchased a new position in shares of Dicks Sporting Goods in the second quarter valued at $81,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Dicks Sporting Goods in the second quarter valued at $158,000. Finally, USA Financial Portformulas Corp grew its holdings in shares of Dicks Sporting Goods by 52.3% in the second quarter. USA Financial Portformulas Corp now owns 4,841 shares of the sporting goods retailer’s stock valued at $178,000 after purchasing an additional 1,662 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.

NYSE DKS opened at $41.13 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.28 and a debt-to-equity ratio of 1.73. The company has a fifty day moving average of $39.47 and a two-hundred day moving average of $36.56. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.99 and a beta of 0.58. Dicks Sporting Goods Inc has a 52 week low of $29.69 and a 52 week high of $41.59.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, August 22nd. The sporting goods retailer reported $1.26 EPS for the quarter, topping the consensus estimate of $1.21 by $0.05. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.21 billion. Dicks Sporting Goods had a net margin of 3.64% and a return on equity of 16.96%. Dicks Sporting Goods’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. Equities research analysts anticipate that Dicks Sporting Goods Inc will post 3.38 EPS for the current year.

DKS has been the subject of a number of recent research reports. ValuEngine lowered shares of Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. UBS Group raised their target price on shares of Dicks Sporting Goods from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Zacks Investment Research lowered shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a report on Tuesday, August 27th. Goldman Sachs Group raised shares of Dicks Sporting Goods from a “neutral” rating to a “buy” rating and raised their target price for the company from $38.00 to $45.00 in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on shares of Dicks Sporting Goods from $34.00 to $38.00 and gave the company a “hold” rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $41.47.

Dicks Sporting Goods Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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