QRG Capital Management Inc. Has $1.22 Million Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

QRG Capital Management Inc. reduced its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,320 shares of the sporting goods retailer’s stock after selling 1,675 shares during the period. QRG Capital Management Inc.’s holdings in DICK’S Sporting Goods were worth $1,217,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of DKS. New Wave Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the fourth quarter worth $28,000. Brooklyn Investment Group bought a new position in shares of DICK’S Sporting Goods during the 3rd quarter worth about $27,000. Sound Income Strategies LLC raised its position in shares of DICK’S Sporting Goods by 590.0% during 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 during the last quarter. True Wealth Design LLC lifted its stake 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 during the period. Finally, Capital Performance Advisors LLP acquired a new stake in DICK’S Sporting Goods during the third quarter worth about $49,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on DKS. Loop Capital raised 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. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. UBS Group upgraded shares of 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. Argus lifted their target price on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, TD Cowen upped their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $248.09.

Insider Buying and Selling

In related news, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. 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 90 days. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $214.21 on Tuesday. The business’s fifty day moving average is $233.00 and its two-hundred day moving average is $219.77. 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 firm has a market cap of $17.45 billion, a P/E ratio of 15.31, 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 $177.71 and a 52 week high of $254.60.

DICK’S Sporting Goods Company 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.