Spectrum Wealth Counsel LLC Cuts Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Spectrum Wealth Counsel LLC decreased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,221 shares of the sporting goods retailer’s stock after selling 130 shares during the quarter. DICK’S Sporting Goods comprises approximately 1.1% of Spectrum Wealth Counsel LLC’s portfolio, making the stock its 28th biggest holding. Spectrum Wealth Counsel LLC owned about 0.05% of DICK’S Sporting Goods worth $9,433,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in DICK’S Sporting Goods in the fourth quarter worth $28,000. Brooklyn Investment Group purchased a new position in shares of DICK’S Sporting Goods in the third quarter valued at $27,000. Sound Income Strategies LLC increased its position in shares of 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 buying an additional 118 shares in the last quarter. True Wealth Design LLC increased its position 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 buying an additional 145 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of DICK’S Sporting Goods in the third quarter valued at $49,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DKS shares. TD Cowen raised their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Truist Financial raised their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. UBS Group raised 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 research note on Wednesday, November 27th. Finally, 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 research note on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.09.

DICK’S Sporting Goods Stock Performance

DICK’S Sporting Goods stock opened at $224.81 on Friday. The stock’s 50-day moving average is $233.22 and its 200-day moving average is $219.76. The company has a market cap of $18.32 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. 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 12 month low of $176.23 and a 12 month high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping 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 company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $2.85 EPS. Equities analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

Insider Transactions at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction that occurred 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 sale, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 in the last three months. 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.