Advisor OS LLC Takes Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Advisor OS LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,390 shares of the sporting goods retailer’s stock, valued at approximately $318,000.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of DICK’S Sporting Goods in the third quarter valued at approximately $27,000. New Wave Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $28,000. True Wealth Design LLC grew its holdings in shares of DICK’S Sporting Goods by 2,900.0% in the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after acquiring an additional 145 shares in the last quarter. Sound Income Strategies LLC lifted its stake in DICK’S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after purchasing an additional 118 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in DICK’S Sporting Goods in the third quarter valued at approximately $49,000. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on DKS. Truist Financial upped their price objective on 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. Morgan Stanley upped their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Loop Capital upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Finally, UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the company from $225.00 to $260.00 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Trading Down 2.2 %

DICK’S Sporting Goods stock opened at $221.94 on Friday. The stock has a market cap of $18.08 billion, a P/E ratio of 15.86, a PEG ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a fifty-two week low of $176.23 and a fifty-two week high of $254.60. The firm’s fifty day moving average price is $233.10 and its 200-day moving average price is $219.62. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

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

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the 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 completion of the transaction, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently 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.