Teacher Retirement System of Texas Has $31.64 Million Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Teacher Retirement System of Texas reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,270 shares of the sporting goods retailer’s stock after selling 9,908 shares during the period. Teacher Retirement System of Texas owned about 0.17% of DICK’S Sporting Goods worth $31,642,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DKS. CIBC Asset Management Inc increased its position in DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after purchasing an additional 54 shares during the last quarter. Quest Partners LLC increased its position in DICK’S Sporting Goods by 871.9% in the 3rd quarter. Quest Partners LLC now owns 4,150 shares of the sporting goods retailer’s stock worth $866,000 after purchasing an additional 3,723 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in DICK’S Sporting Goods in the 3rd quarter worth about $900,000. Avior Wealth Management LLC increased its position in DICK’S Sporting Goods by 276.8% in the 3rd quarter. Avior Wealth Management LLC now owns 1,172 shares of the sporting goods retailer’s stock worth $245,000 after purchasing an additional 861 shares during the last quarter. Finally, Commerce Bank increased its position in DICK’S Sporting Goods by 7.1% in the 3rd quarter. Commerce Bank now owns 2,950 shares of the sporting goods retailer’s stock worth $616,000 after purchasing an additional 196 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DKS shares. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. DA Davidson lowered their price objective on DICK’S Sporting Goods from $280.00 to $273.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Morgan Stanley increased their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Loop Capital lowered their price objective on DICK’S Sporting Goods from $240.00 to $195.00 and set a “hold” rating on the stock in a report on Thursday, March 13th. Finally, Stifel Nicolaus lowered their price objective on DICK’S Sporting Goods from $240.00 to $226.00 and set a “hold” rating on the stock in a report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus target price of $245.50.

DICK’S Sporting Goods Price Performance

Shares of DKS stock opened at $191.25 on Friday. The stock has a 50 day moving average of $225.77 and a two-hundred day moving average of $217.13. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 12 month low of $182.84 and a 12 month high of $254.60. The company has a market capitalization of $15.58 billion, a P/E ratio of 13.67, a P/E/G ratio of 2.47 and a beta of 1.53.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, March 11th. The sporting goods retailer reported $3.62 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.15. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the company earned $3.85 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods announced that its board has authorized a share buyback plan on Tuesday, March 11th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the sporting goods retailer to repurchase up to 18.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

DICK’S Sporting Goods Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $1.2125 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.10. This represents a $4.85 dividend on an annualized basis and a dividend yield of 2.54%. DICK’S Sporting Goods’s dividend payout ratio is presently 34.54%.

DICK’S Sporting Goods 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.