Oregon Public Employees Retirement Fund decreased its position in Dick’s Sporting Goods Inc (NYSE:DKS) by 11.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 70,711 shares of the sporting goods retailer’s stock after selling 9,191 shares during the period. Oregon Public Employees Retirement Fund owned about 0.06% of Dick’s Sporting Goods worth $1,910,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Dick’s Sporting Goods by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,802,340 shares of the sporting goods retailer’s stock worth $270,937,000 after purchasing an additional 135,991 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Dick’s Sporting Goods by 6.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 292,898 shares of the sporting goods retailer’s stock worth $14,253,000 after purchasing an additional 18,198 shares during the period. Sciencast Management LP acquired a new position in Dick’s Sporting Goods in the 2nd quarter worth approximately $299,000. Manning & Napier Advisors LLC boosted its stake in Dick’s Sporting Goods by 1,173.1% in the 2nd quarter. Manning & Napier Advisors LLC now owns 1,043,955 shares of the sporting goods retailer’s stock worth $41,580,000 after purchasing an additional 961,955 shares during the period. Finally, Diversified Investment Strategies LLC boosted its stake in Dick’s Sporting Goods by 11.0% in the 2nd quarter. Diversified Investment Strategies LLC now owns 77,275 shares of the sporting goods retailer’s stock worth $3,078,000 after purchasing an additional 7,675 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

In other Dick’s Sporting Goods news, Director William J. Colombo bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $525,000.00. Following the transaction, the director now owns 323,224 shares in the company, valued at $8,484,630. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.09% of the stock is currently owned by insiders.

Shares of Dick’s Sporting Goods Inc (NYSE:DKS) opened at $26.32 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. Dick’s Sporting Goods Inc has a 12-month low of $23.88 and a 12-month high of $62.88. The firm has a market cap of $2,936.45, a PE ratio of 8.14, a PEG ratio of 1.18 and a beta of 0.48.

Dick’s Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. analysts anticipate that Dick’s Sporting Goods Inc will post 2.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. Dick’s Sporting Goods’s dividend payout ratio (DPR) is currently 24.29%.

A number of equities research analysts have issued reports on the stock. Credit Suisse Group set a $44.00 target price on shares of Dick’s Sporting Goods and gave the stock a “hold” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Telsey Advisory Group downgraded shares of Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $52.00 to $40.00 in a research report on Monday, July 24th. Canaccord Genuity reiterated a “buy” rating and issued a $52.00 target price on shares of Dick’s Sporting Goods in a research report on Friday, July 21st. Finally, Buckingham Research assumed coverage on shares of Dick’s Sporting Goods in a research report on Monday, July 17th. They issued a “buy” rating and a $45.00 target price for the company. Four research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and four have assigned a buy rating to the company’s stock. Dick’s Sporting Goods presently has a consensus rating of “Hold” and a consensus price target of $36.12.

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About Dick’s Sporting Goods

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Institutional Ownership by Quarter for Dick`s Sporting Goods (NYSE:DKS)

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