HS Management Partners LLC Reduces Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

HS Management Partners LLC decreased its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 324,167 shares of the sporting goods retailer’s stock after selling 9,573 shares during the quarter. DICK’S Sporting Goods makes up approximately 5.1% of HS Management Partners LLC’s portfolio, making the stock its 7th largest holding. HS Management Partners LLC owned 0.40% of DICK’S Sporting Goods worth $74,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DKS. Brooklyn Investment Group acquired a new stake in shares of DICK’S Sporting Goods in the third quarter worth $27,000. New Wave Wealth Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $28,000. True Wealth Design LLC grew 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 worth $31,000 after acquiring an additional 145 shares during the last quarter. Sound Income Strategies LLC grew its stake 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 worth $32,000 after acquiring an additional 118 shares during the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $48,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Up 2.2 %

Shares of NYSE DKS opened at $216.74 on Thursday. The stock has a market cap of $17.66 billion, a PE ratio of 15.49, a PEG ratio of 2.47 and a beta of 1.57. The business has a fifty day moving average of $232.73 and a two-hundred day moving average of $219.67. DICK’S Sporting Goods, Inc. has a 52-week low of $178.21 and a 52-week high of $254.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

Insider Activity at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $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. Insiders sold 172,933 shares of company stock valued at $39,655,456 over the last ninety days. 32.03% of the stock is owned by insiders.

Analyst Ratings Changes

DKS has been the topic of several research analyst reports. Wedbush restated a “neutral” rating and issued a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Truist Financial raised their price objective on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. TD Cowen raised 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 note on Wednesday, January 8th. Finally, Loop Capital lifted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average 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.