Dicks Sporting Goods Inc (DKS) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 12.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,164 shares of the sporting goods retailer’s stock after selling 2,246 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Dicks Sporting Goods were worth $531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in shares of Dicks Sporting Goods during the 4th quarter worth $122,000. Delpha Capital Management LLC bought a new position in shares of Dicks Sporting Goods during the 4th quarter worth $132,000. D.B. Root & Company LLC bought a new position in shares of Dicks Sporting Goods during the 1st quarter worth $200,000. State of Alaska Department of Revenue bought a new position in shares of Dicks Sporting Goods during the 4th quarter worth $188,000. Finally, Vicus Capital bought a new position in shares of Dicks Sporting Goods during the 4th quarter worth $202,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

Dicks Sporting Goods opened at $31.00 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.41 and a quick ratio of 0.21. Dicks Sporting Goods Inc has a one year low of $23.88 and a one year high of $42.76. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 10.26, a price-to-earnings-growth ratio of 1.09 and a beta of 0.50.

Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. Dicks Sporting Goods had a return on equity of 16.86% and a net margin of 3.77%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period last year, the business posted $1.32 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. equities analysts predict that Dicks Sporting Goods Inc will post 2.94 earnings per share for the current year.

A number of research firms have recently issued reports on DKS. Telsey Advisory Group raised Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $25.00 to $42.00 in a research report on Thursday, January 25th. Wedbush reissued a “neutral” rating and set a $32.00 price target (up previously from $28.00) on shares of Dicks Sporting Goods in a research report on Wednesday, March 7th. ValuEngine downgraded Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Bank of America increased their price target on Dicks Sporting Goods from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, March 15th. Finally, UBS raised Dicks Sporting Goods from a “neutral” rating to a “positive” rating in a research report on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $33.29.

Dicks Sporting Goods Company 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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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

Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply