Oregon Public Employees Retirement Fund Sells 2,300 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Oregon Public Employees Retirement Fund decreased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 16.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 12,087 shares of the sporting goods retailer’s stock after selling 2,300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in DICK’S Sporting Goods were worth $2,597,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in DICK’S Sporting Goods during the 1st quarter worth approximately $25,000. Covestor Ltd boosted its stake in DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 55 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of DICK’S Sporting Goods during the second quarter worth $31,000. ORG Partners LLC acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at $30,000. Finally, Versant Capital Management Inc raised its holdings in shares of DICK’S Sporting Goods by 222.6% in the second quarter. Versant Capital Management Inc now owns 171 shares of the sporting goods retailer’s stock valued at $37,000 after buying an additional 118 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Bank of America increased their price target on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday. Citigroup decreased their price objective on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, DA Davidson restated a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.43.

DICK’S Sporting Goods Stock Down 2.7 %

Shares of NYSE:DKS opened at $214.85 on Friday. The company has a 50 day moving average price of $214.41 and a two-hundred day moving average price of $207.43. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.65 and a current ratio of 1.71. The company has a market capitalization of $17.51 billion, a PE ratio of 17.79, a PEG ratio of 2.59 and a beta of 1.65. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a net margin of 7.73% and a return on equity of 41.80%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 EPS. Analysts forecast that DICK’S Sporting Goods, Inc. will post 13.8 earnings per share for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Insider Activity

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the completion of the sale, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 32.03% of the stock is currently owned by company insiders.

About DICK’S Sporting Goods

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.