SRS Capital Advisors Inc. Sells 89 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

SRS Capital Advisors Inc. lessened its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 536 shares of the sporting goods retailer’s stock after selling 89 shares during the period. SRS Capital Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DKS. New Wave Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth $28,000. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods during the third quarter worth about $27,000. Sound Income Strategies LLC increased its holdings in DICK’S Sporting Goods by 590.0% in the 4th 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 period. True Wealth Design LLC raised its position in shares of DICK’S Sporting Goods by 2,900.0% in the 3rd 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 in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth approximately $49,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction on 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 completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DKS shares. Morgan Stanley lifted their price objective on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. 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 report on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price objective (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Price Performance

DKS stock opened at $216.74 on Thursday. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The firm has a market cap of $17.66 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 2.47 and a beta of 1.57. The company’s fifty day simple moving average is $232.73 and its 200 day simple moving average is $219.67. DICK’S Sporting Goods, Inc. has a 12-month low of $178.21 and a 12-month high of $254.60.

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.