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.
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.
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