State Board of Administration of Florida Retirement System lessened its holdings in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 116,768 shares of the sporting goods retailer’s stock after selling 7,270 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Dicks Sporting Goods were worth $4,298,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DKS. Norges Bank purchased a new position in shares of Dicks Sporting Goods during the 4th quarter worth $49,764,000. Boston Partners lifted its stake in shares of Dicks Sporting Goods by 58.8% during the 4th quarter. Boston Partners now owns 3,324,592 shares of the sporting goods retailer’s stock worth $103,728,000 after purchasing an additional 1,230,592 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Dicks Sporting Goods by 2,975.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 945,235 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 914,503 shares during the period. Brown Advisory Inc. purchased a new position in shares of Dicks Sporting Goods during the 4th quarter worth $14,913,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Dicks Sporting Goods by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,810,276 shares of the sporting goods retailer’s stock worth $150,081,000 after purchasing an additional 437,629 shares during the period. 82.65% of the stock is currently owned by institutional investors.

Shares of DKS traded down $0.01 during trading hours on Friday, hitting $36.75. The stock had a trading volume of 16,149 shares, compared to its average volume of 1,933,045. The company has a current ratio of 1.41, a quick ratio of 0.20 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $3.51 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 1.98 and a beta of 0.55. Dicks Sporting Goods Inc has a 12-month low of $29.69 and a 12-month high of $41.21.

Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.48 billion. Dicks Sporting Goods had a return on equity of 16.88% and a net margin of 3.79%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the company posted $1.22 EPS. Sell-side analysts predict that Dicks Sporting Goods Inc will post 3.26 earnings per share for the current year.

A number of brokerages have weighed in on DKS. Zacks Investment Research lowered Dicks Sporting Goods from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup began coverage on Dicks Sporting Goods in a research note on Wednesday, April 10th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $41.00 price target (down previously from $44.00) on shares of Dicks Sporting Goods in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. Dicks Sporting Goods currently has a consensus rating of “Hold” and an average price target of $41.17.

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Dicks Sporting Goods 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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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

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