HS Management Partners LLC Has $74.18 Million Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

HS Management Partners LLC reduced its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 324,167 shares of the sporting goods retailer’s stock after selling 9,573 shares during the quarter. DICK’S Sporting Goods comprises 5.1% of HS Management Partners LLC’s holdings, making the stock its 7th biggest position. HS Management Partners LLC’s holdings in DICK’S Sporting Goods were worth $74,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. Holocene Advisors LP bought a new stake in DICK’S Sporting Goods during the 3rd quarter worth about $70,562,000. KBC Group NV grew its position in shares of DICK’S Sporting Goods by 887.3% during the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after buying an additional 225,015 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of DICK’S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock worth $41,740,000 after buying an additional 189,000 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $32,093,000. Finally, World Investment Advisors LLC acquired a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $29,991,000. 89.83% of the stock is owned by institutional investors.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the sale, the director now owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the 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 completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 in the last 90 days. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Trading Up 2.2 %

Shares of DICK’S Sporting Goods stock opened at $216.74 on Thursday. DICK’S Sporting Goods, Inc. has a 12-month low of $178.21 and a 12-month high of $254.60. The stock has a market cap of $17.66 billion, a P/E ratio of 15.49, a P/E/G ratio of 2.47 and a beta of 1.57. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $232.73 and its 200-day moving average is $219.67.

Analyst Upgrades and Downgrades

DKS has been the subject of several analyst reports. Argus boosted their target price on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. TD Cowen boosted their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Loop Capital boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and an average target price of $248.09.

DICK’S Sporting Goods Profile

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.