Jackson Creek Investment Advisors LLC Makes New Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Jackson Creek Investment Advisors LLC purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,099 shares of the sporting goods retailer’s stock, valued at approximately $451,000.

A number of other institutional investors have also made changes to their positions in DKS. Covestor Ltd increased its stake in DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. Quent Capital LLC raised its holdings in DICK’S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after acquiring an additional 57 shares in the last quarter. US Bancorp DE boosted its position in DICK’S Sporting Goods by 1.5% during the fourth quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock valued at $720,000 after purchasing an additional 71 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in DICK’S Sporting Goods by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 13,370 shares of the sporting goods retailer’s stock valued at $1,965,000 after purchasing an additional 87 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in shares of DICK’S Sporting Goods by 0.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 28,218 shares of the sporting goods retailer’s stock worth $4,147,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DKS shares. DA Davidson raised their target price on shares of DICK’S Sporting Goods from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Loop Capital dropped their target price on shares of DICK’S Sporting Goods from $230.00 to $200.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th. TD Cowen raised their target price on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday. Evercore ISI raised their price objective on DICK’S Sporting Goods from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Finally, Stifel Nicolaus boosted their target price on DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.67.

DICK’S Sporting Goods Stock Performance

Shares of NYSE:DKS opened at $220.63 on Thursday. The company has a quick ratio of 0.65, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. DICK’S Sporting Goods, Inc. has a 12-month low of $100.98 and a 12-month high of $239.30. The company’s 50 day moving average price is $214.52 and its two-hundred day moving average price is $207.38. The firm has a market cap of $17.98 billion, a PE ratio of 18.26, a PEG ratio of 2.59 and a beta of 1.65.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 32.03% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.