EFG Asset Management Americas Corp. Has $2.09 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

EFG Asset Management Americas Corp. reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,144 shares of the sporting goods retailer’s stock after selling 2,442 shares during the period. EFG Asset Management Americas Corp.’s holdings in DICK’S Sporting Goods were worth $2,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in shares of DICK’S Sporting Goods in the third quarter valued at about $27,000. New Wave Wealth Advisors LLC acquired a new position in shares of DICK’S Sporting Goods in the fourth quarter valued at approximately $28,000. True Wealth Design LLC increased its position 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 period. Sound Income Strategies LLC increased its position 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 valued at $32,000 after purchasing an additional 118 shares during the period. Finally, Promus Capital LLC acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at approximately $48,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Trading Down 0.8 %

NYSE DKS opened at $214.86 on Friday. The firm has a market cap of $17.51 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 1-year low of $178.21 and a 1-year high of $254.60. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $232.56 and a 200-day moving average of $219.65.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DKS shares. Wedbush restated a “neutral” rating and set a $215.00 price target on shares of DICK’S Sporting Goods in a report on Thursday. Truist Financial raised 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Argus lifted their price objective on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Loop Capital lifted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.09.

Insider Activity at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 in the last three months. 32.03% of the stock is owned by 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.