Teachers Retirement System of The State of Kentucky Purchases 21,759 Shares of DICK’S Sporting Goods, Inc. $DKS

Teachers Retirement System of The State of Kentucky increased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 170,141 shares of the sporting goods retailer’s stock after acquiring an additional 21,759 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in DICK’S Sporting Goods were worth $33,738,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in DICK’S Sporting Goods in the fourth quarter valued at about $30,000. Harbor Investment Advisory LLC bought a new position in shares of DICK’S Sporting Goods in the 1st quarter worth approximately $30,000. Laurel Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the 4th quarter worth approximately $34,000. Elyxium Wealth LLC purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $35,000. Finally, SHP Wealth Management purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the completion of the transaction, the executive vice president owned 24,757 shares in the company, valued at $5,534,674.92. The trade was a 14.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 28.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on DKS shares. Barclays increased their price target on shares of DICK’S Sporting Goods from $264.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Jefferies Financial Group lifted their target price on DICK’S Sporting Goods from $210.00 to $224.00 and gave the company a “hold” rating in a research report on Wednesday, May 27th. Telsey Advisory Group raised their price objective on DICK’S Sporting Goods from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Truist Financial boosted their price objective on DICK’S Sporting Goods from $252.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.71.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $218.07 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.38 and a current ratio of 1.50. DICK’S Sporting Goods, Inc. has a fifty-two week low of $186.67 and a fifty-two week high of $244.38. The company has a market cap of $19.52 billion, a P/E ratio of 20.73, a P/E/G ratio of 1.90 and a beta of 1.19. The business’s 50 day moving average price is $224.25 and its 200-day moving average price is $212.35.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.01). DICK’S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter last year, the business posted $3.37 EPS. DICK’S Sporting Goods’s revenue was up 62.7% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 14.24 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, June 12th. DICK’S Sporting Goods’s dividend payout ratio is presently 47.53%.

DICK’S Sporting Goods Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.