Teacher Retirement System of Texas increased its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 42.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,942 shares of the sporting goods retailer's stock after buying an additional 4,462 shares during the period. Teacher Retirement System of Texas' holdings in DICK'S Sporting Goods were worth $1,564,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DKS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of DICK'S Sporting Goods by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer's stock valued at $2,306,000 after buying an additional 1,541 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of DICK'S Sporting Goods by 14.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer's stock valued at $4,161,000 after buying an additional 5,111 shares during the period. Yousif Capital Management LLC boosted its stake in DICK'S Sporting Goods by 0.6% during the 1st quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer's stock valued at $3,670,000 after purchasing an additional 217 shares during the period. Sei Investments Co. boosted its stake in DICK'S Sporting Goods by 20.3% during the 1st quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer's stock valued at $3,160,000 after purchasing an additional 5,182 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in DICK'S Sporting Goods by 34.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer's stock valued at $204,000 after purchasing an additional 524 shares during the period. 75.08% of the stock is owned by institutional investors and hedge funds.

DICK'S Sporting Goods Stock Up 0.2 %

DKS stock opened at $126.23 on Monday. DICK'S Sporting Goods, Inc. has a 52-week low of $63.45 and a 52-week high of $131.12. The company's 50 day simple moving average is $119.89 and its 200-day simple moving average is $111.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 0.59. The firm has a market capitalization of $10.00 billion, a P/E ratio of 11.14, a P/E/G ratio of 2.11 and a beta of 1.41.

DICK'S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 9th were given a dividend of $0.488 per share. This represents a $1.95 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, December 8th. DICK'S Sporting Goods's payout ratio is presently 17.21%.

Insider Activity at DICK'S Sporting Goods

In related news, EVP Vladimir Rak sold 29,144 shares of the business's stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total transaction of $3,276,659.92. Following the transaction, the executive vice president now directly owns 48,260 shares of the company's stock, valued at $5,425,871.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other DICK'S Sporting Goods news, EVP Vladimir Rak sold 29,144 shares of the business's stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $112.43, for a total value of $3,276,659.92. Following the completion of the sale, the executive vice president now directly owns 48,260 shares of the company's stock, valued at $5,425,871.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Edward Hayes III sold 1,000 shares of the business's stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $120.57, for a total transaction of $120,570.00. Following the completion of the sale, the senior vice president now directly owns 26,231 shares of the company's stock, valued at $3,162,671.67. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,283 shares of company stock valued at $4,475,632. Corporate insiders own 32.83% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on DKS shares. Cowen boosted their target price on shares of DICK'S Sporting Goods from $150.00 to $155.00 in a research note on Wednesday, November 23rd. DA Davidson boosted their target price on shares of DICK'S Sporting Goods from $130.00 to $136.00 in a research note on Wednesday, November 23rd. Argus boosted their target price on shares of DICK'S Sporting Goods from $130.00 to $140.00 in a research note on Tuesday, December 6th. Wells Fargo & Company boosted their target price on shares of DICK'S Sporting Goods from $103.00 to $120.00 in a research note on Wednesday, November 23rd. Finally, Oppenheimer upgraded shares of DICK'S Sporting Goods from a "market perform" rating to an "outperform" rating and set a $138.00 price target on the stock in a research report on Thursday, October 20th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $138.95.

DICK'S Sporting Goods Company Profile

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Dick's Sporting Goods, Inc engages in the retail of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories through a blend of associates, in-store services, and unique specialty shop-in-shops. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.

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