DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 35.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,388 shares of the sporting goods retailer’s stock after selling 763 shares during the quarter. Private Advisor Group LLC’s holdings in DICK’S Sporting Goods were worth $318,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. US Bancorp DE boosted its holdings in DICK’S Sporting Goods by 3.4% in the third quarter. US Bancorp DE now owns 4,879 shares of the sporting goods retailer’s stock valued at $1,018,000 after purchasing an additional 162 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in DICK’S Sporting Goods by 7.8% in the third quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the sporting goods retailer’s stock valued at $3,543,000 after purchasing an additional 1,230 shares during the last quarter. Van ECK Associates Corp boosted its holdings in DICK’S Sporting Goods by 10.2% in the third quarter. Van ECK Associates Corp now owns 11,928 shares of the sporting goods retailer’s stock valued at $2,454,000 after purchasing an additional 1,105 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in DICK’S Sporting Goods by 33.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 81,253 shares of the sporting goods retailer’s stock valued at $16,958,000 after purchasing an additional 20,220 shares during the last quarter. Finally, National Pension Service purchased a new position in DICK’S Sporting Goods in the third quarter valued at about $4,195,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated 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 approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 in the last quarter. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Up 2.2 %

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. DICK’S Sporting Goods, Inc. has a fifty-two week low of $178.21 and a fifty-two week high of $254.60. The firm’s 50-day simple moving average is $232.73 and its 200 day simple moving average is $219.67. The stock has a market cap of $17.66 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wedbush reissued a “neutral” rating and issued a $215.00 price target (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. TD Cowen lifted their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Argus boosted their price target on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently 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.