DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC increased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 208.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,365 shares of the sporting goods retailer’s stock after purchasing an additional 4,980 shares during the quarter. Ieq Capital LLC’s holdings in DICK’S Sporting Goods were worth $1,685,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Greenleaf Trust increased its holdings in DICK’S Sporting Goods by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock valued at $394,000 after buying an additional 50 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after acquiring an additional 54 shares during the period. Atria Wealth Solutions Inc. increased its stake in DICK’S Sporting Goods by 2.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock valued at $577,000 after purchasing an additional 54 shares in the last quarter. Stonegate Investment Group LLC raised its holdings in DICK’S Sporting Goods by 2.9% during the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock worth $473,000 after purchasing an additional 58 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in DICK’S Sporting Goods by 3.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,055 shares of the sporting goods retailer’s stock worth $470,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction dated 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 172,933 shares of company stock valued at $39,655,456. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS opened at $224.70 on Monday. DICK’S Sporting Goods, Inc. has a 1 year low of $165.75 and a 1 year 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. The company’s 50 day simple moving average is $232.99 and its 200 day simple moving average is $219.32. The stock has a market capitalization 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 (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 earnings per share. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on DKS. Wedbush reaffirmed a “neutral” rating and set a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Morgan Stanley lifted 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 research report on Tuesday, January 21st. Telsey Advisory Group reiterated 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. 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, Truist Financial increased their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $248.09.

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.