SBI Securities Co. Ltd. Acquires New Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS)

SBI Securities Co. Ltd. acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 240 shares of the sporting goods retailer’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DKS. Marion Wealth Management acquired a new position in DICK’S Sporting Goods during the fourth quarter worth $545,000. Strategy Asset Managers LLC purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at $4,325,000. Argus Investors Counsel Inc. purchased a new stake in shares of DICK’S Sporting Goods in the 4th quarter valued at $257,000. Landscape Capital Management L.L.C. lifted its stake in DICK’S Sporting Goods by 402.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock worth $3,202,000 after acquiring an additional 12,293 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its holdings in DICK’S Sporting Goods by 78.2% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,495 shares of the sporting goods retailer’s stock valued at $2,631,000 after acquiring an additional 5,046 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the business’s 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 completion of the transaction, the director now owns 50,997 shares of the company’s stock, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders 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 Price Performance

NYSE DKS opened at $211.36 on Tuesday. 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 firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The company has a 50 day simple moving average of $231.36 and a 200-day simple moving average of $219.22. DICK’S Sporting Goods, Inc. has a 52-week low of $178.21 and a 52-week high of $254.60.

Wall Street Analysts Forecast Growth

DKS has been the topic of several recent research reports. TD Cowen upped their target price 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. Morgan Stanley boosted their price target 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. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a report on Friday. Loop Capital lifted their price objective on 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. Finally, Wedbush restated a “neutral” rating and set a $215.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, March 6th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.09.

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.