Birchcreek Wealth Management LLC Invests $227,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Birchcreek Wealth Management LLC acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 991 shares of the sporting goods retailer’s stock, valued at approximately $227,000.

Several other large investors also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of DICK’S Sporting Goods by 4.7% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,000 shares of the sporting goods retailer’s stock worth $4,577,000 after acquiring an additional 900 shares in the last quarter. Wealthspire Advisors LLC increased its position in shares of DICK’S Sporting Goods by 10.0% during the fourth quarter. Wealthspire Advisors LLC now owns 2,209 shares of the sporting goods retailer’s stock worth $506,000 after acquiring an additional 201 shares in the last quarter. Navellier & Associates Inc. increased its position in shares of DICK’S Sporting Goods by 26.2% during the fourth quarter. Navellier & Associates Inc. now owns 5,242 shares of the sporting goods retailer’s stock worth $1,200,000 after acquiring an additional 1,089 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of DICK’S Sporting Goods by 7.8% during the fourth quarter. Allianz Asset Management GmbH now owns 191,734 shares of the sporting goods retailer’s stock worth $43,877,000 after acquiring an additional 13,928 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of DICK’S Sporting Goods during the fourth quarter worth $5,790,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $224.70 on Monday. The firm has a 50-day moving average of $232.99 and a 200-day moving average of $219.32. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The stock has a market cap of $18.31 billion, a PE ratio of 16.06, a P/E/G ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 52-week low of $165.75 and a 52-week high of $254.60.

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

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by insiders.

Analyst Ratings Changes

DKS has been the subject of several research reports. TD Cowen increased their price objective on shares of 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. Argus increased their target price on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Wedbush restated a “neutral” rating and set a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Morgan Stanley increased their target price on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Truist Financial increased their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.