Advisor OS LLC Makes New $318,000 Investment in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Advisor OS LLC acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,390 shares of the sporting goods retailer’s stock, valued at approximately $318,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Todd Asset Management LLC increased its stake in DICK’S Sporting Goods by 1.7% during the 4th quarter. Todd Asset Management LLC now owns 191,813 shares of the sporting goods retailer’s stock worth $43,894,000 after acquiring an additional 3,119 shares during the period. IFP Advisors Inc increased its stake in shares of DICK’S Sporting Goods by 9.4% in the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer’s stock valued at $176,000 after purchasing an additional 66 shares during the last quarter. Birchcreek Wealth Management LLC bought a new position in shares of DICK’S Sporting Goods in the 4th quarter valued at $227,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of DICK’S Sporting Goods by 4.7% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,000 shares of the sporting goods retailer’s stock valued at $4,577,000 after purchasing an additional 900 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its stake in shares of DICK’S Sporting Goods by 10.0% in the 4th quarter. Wealthspire Advisors LLC now owns 2,209 shares of the sporting goods retailer’s stock valued at $506,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In other news, Director Lawrence J. Schorr sold 7,333 shares of the business’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 transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The sale 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 business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $229.25, for a total value 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. This represents a 1.88 % decrease in their ownership of the stock. 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 ninety days. 32.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DKS. Morgan Stanley lifted their price target 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. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. TD Cowen lifted their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Argus boosted their price objective on DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Loop Capital boosted their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Stock Down 2.2 %

Shares of DKS opened at $221.94 on Friday. The company has a market capitalization of $18.08 billion, a PE ratio of 15.86, a PEG ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 12 month low of $176.23 and a 12 month high of $254.60. The stock’s 50-day moving average price is $233.10 and its two-hundred day moving average price is $219.62. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.85 EPS. On average, analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK’S Sporting Goods Profile

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.