Steward Partners Investment Advisory LLC Acquires 379 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Steward Partners Investment Advisory LLC boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,213 shares of the sporting goods retailer’s stock after purchasing an additional 379 shares during the period. Steward Partners Investment Advisory LLC’s holdings in DICK’S Sporting Goods were worth $1,879,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kerusso Capital Management LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth $1,554,000. Marion Wealth Management acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $545,000. Strategy Asset Managers LLC acquired a new position in shares of DICK’S Sporting Goods during the third quarter worth $4,325,000. Argus Investors Counsel Inc. acquired a new position in shares of DICK’S Sporting Goods during the fourth quarter worth $257,000. Finally, Landscape Capital Management L.L.C. increased its holdings in shares of DICK’S Sporting Goods by 402.9% during the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock worth $3,202,000 after buying an additional 12,293 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DICK’S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction 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. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock valued at $39,655,456 in the last 90 days. 32.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DKS has been the subject of several research analyst reports. Loop Capital upped their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. TD Cowen increased their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Wedbush restated a “neutral” rating and issued a $215.00 price objective on shares of DICK’S Sporting Goods in a report on Thursday. Morgan Stanley increased their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Price Performance

DKS stock opened at $214.48 on Friday. The stock has a market capitalization of $17.47 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The company’s 50-day moving average is $231.77 and its 200-day moving average is $219.50. 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 1 year low of $178.21 and a 1 year high of $254.60.

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.