DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,144 shares of the sporting goods retailer’s stock after buying an additional 281 shares during the quarter. Jones Financial Companies Lllp’s holdings in DICK’S Sporting Goods were worth $491,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its position in shares of DICK’S Sporting Goods by 7.8% during the third quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the sporting goods retailer’s stock worth $3,543,000 after buying an additional 1,230 shares in the last quarter. Van ECK Associates Corp grew its position in DICK’S Sporting Goods by 10.2% in the 3rd quarter. Van ECK Associates Corp now owns 11,928 shares of the sporting goods retailer’s stock valued at $2,454,000 after buying an additional 1,105 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in DICK’S Sporting Goods in the third quarter worth approximately $49,000. Leavell Investment Management Inc. grew its holdings in DICK’S Sporting Goods by 13.3% during the third quarter. Leavell Investment Management Inc. now owns 1,700 shares of the sporting goods retailer’s stock worth $357,000 after acquiring an additional 200 shares during the period. Finally, Assetmark Inc. lifted its stake in DICK’S Sporting Goods by 20.7% during the third quarter. Assetmark Inc. now owns 1,831 shares of the sporting goods retailer’s stock valued at $382,000 after purchasing an additional 314 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of DICK’S Sporting Goods stock in a transaction on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. 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 currently owned by insiders.

Wall Street Analyst Weigh In

DKS has been the subject of a number of analyst reports. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the company from $225.00 to $260.00 in a research note on Wednesday, November 27th. Loop Capital lifted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. TD Cowen lifted their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Truist Financial lifted their price target on DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Argus lifted their price objective on 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 research 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.09.

DICK’S Sporting Goods Trading Down 1.4 %

Shares of DKS opened at $211.36 on Tuesday. The stock’s fifty day simple moving average is $231.36 and its 200-day simple moving average is $219.22. 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 capitalization of $17.22 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 12-month low of $178.21 and a 12-month high of $254.60.

DICK’S Sporting Goods 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.