DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Position Raised by Ieq Capital LLC

Ieq Capital LLC increased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 208.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,365 shares of the sporting goods retailer’s stock after acquiring an additional 4,980 shares during the quarter. Ieq Capital LLC’s holdings in DICK’S Sporting Goods were worth $1,685,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DKS. Kestra Investment Management LLC grew its holdings in shares of DICK’S Sporting Goods by 86.6% during the fourth quarter. Kestra Investment Management LLC now owns 3,775 shares of the sporting goods retailer’s stock valued at $864,000 after purchasing an additional 1,752 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in DICK’S Sporting Goods by 2.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock worth $577,000 after buying an additional 54 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new stake in DICK’S Sporting Goods in the fourth quarter worth $486,000. Sanctuary Advisors LLC lifted its stake in DICK’S Sporting Goods by 2.4% in the fourth quarter. Sanctuary Advisors LLC now owns 49,506 shares of the sporting goods retailer’s stock valued at $12,378,000 after buying an additional 1,142 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of DICK’S Sporting Goods by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 187,068 shares of the sporting goods retailer’s stock valued at $42,809,000 after acquiring an additional 4,491 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 over the last quarter. Corporate insiders own 32.03% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the topic of a number of analyst reports. Argus increased their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price target for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Loop Capital boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Truist Financial raised their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Wedbush reaffirmed a “neutral” rating and set a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Stock Down 2.9 %

NYSE DKS opened at $224.70 on Monday. DICK’S Sporting Goods, Inc. has a 12 month low of $165.75 and a 12 month high of $254.60. The company has a market capitalization of $18.31 billion, a P/E ratio of 16.06, a PEG ratio of 2.47 and a beta of 1.57. The company’s 50 day simple moving average is $232.99 and its 200 day simple moving average is $219.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter last year, the business posted $2.85 EPS. DICK’S Sporting Goods’s revenue was up .5% on a year-over-year basis. Equities research analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

About DICK’S Sporting Goods

Dick’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.