Steward Partners Investment Advisory LLC Has $1.88 Million Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Steward Partners Investment Advisory LLC lifted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,213 shares of the sporting goods retailer’s stock after acquiring an additional 379 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in DICK’S Sporting Goods were worth $1,879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DKS. Brooklyn Investment Group acquired 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 stake in shares of DICK’S Sporting Goods in the fourth quarter valued at about $28,000. 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 acquiring an additional 145 shares during the last quarter. 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 acquiring an additional 118 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in shares of DICK’S Sporting Goods in the third quarter valued at about $49,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.1 %

Shares of DKS stock opened at $214.48 on Friday. 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 market cap of $17.47 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The stock has a 50 day simple moving average of $231.77 and a 200 day simple moving average of $219.50. DICK’S Sporting Goods, Inc. has a 1 year low of $178.21 and a 1 year high of $254.60.

Insider Activity at DICK’S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction that occurred on 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 approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares of the company’s stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DKS shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Friday. Truist Financial boosted their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. TD Cowen boosted their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Wedbush reissued a “neutral” rating and set a $215.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday. Finally, Argus boosted their price target 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. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus price target of $248.09.

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.