SRS Capital Advisors Inc. Sells 89 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

SRS Capital Advisors Inc. lessened its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 536 shares of the sporting goods retailer’s stock after selling 89 shares during the quarter. SRS Capital Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $123,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in shares of DICK’S Sporting Goods during the third quarter valued at about $27,000. New Wave Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods during the 4th quarter valued at about $28,000. True Wealth Design LLC boosted its stake in DICK’S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Sound Income Strategies LLC increased its holdings in DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of DICK’S Sporting Goods in the third quarter worth approximately $49,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $216.74 on Thursday. 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, Inc. has a one year low of $178.21 and a one year high of $254.60. The firm has a market capitalization of $17.66 billion, a P/E ratio of 15.49, a PEG ratio of 2.47 and a beta of 1.57. The business has a fifty day moving average price of $232.73 and a 200-day moving average price of $219.67.

Analysts Set New Price Targets

DKS has been the subject of several recent research reports. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. TD Cowen raised their price target on shares of 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. Morgan Stanley boosted their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $248.09.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now directly owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock worth $39,655,456 in the last quarter. 32.03% of the stock is owned by company insiders.

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.