Venturi Wealth Management LLC Sells 461 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Venturi Wealth Management LLC reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 75.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151 shares of the sporting goods retailer’s stock after selling 461 shares during the period. Venturi Wealth Management LLC’s holdings in DICK’S Sporting Goods were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in DICK’S Sporting Goods during the third quarter valued at approximately $27,000. New Wave Wealth Advisors LLC acquired a new position in DICK’S Sporting Goods during the fourth quarter valued at approximately $28,000. True Wealth Design LLC raised its position in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Sound Income Strategies LLC raised its position in 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 purchasing an additional 118 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in DICK’S Sporting Goods during the third quarter valued at approximately $49,000. 89.83% of the stock is currently owned by institutional investors.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction that occurred on Monday, January 6th. The shares were 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 of the company’s stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred on 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is owned by corporate insiders.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $219.84 on Wednesday. DICK’S Sporting Goods, Inc. has a one year low of $172.50 and a one year high of $254.60. The company has a market cap of $17.91 billion, a PE ratio of 15.71, a P/E/G ratio of 2.47 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a 50-day moving average of $232.78 and a 200-day moving average of $219.55.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter last year, the firm earned $2.85 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DKS shares. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Loop Capital boosted their price objective 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. Truist Financial boosted 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 boosted 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. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.