Larson Financial Group LLC Increases Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Larson Financial Group LLC raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,820 shares of the sporting goods retailer’s stock after purchasing an additional 190 shares during the period. Larson Financial Group LLC’s holdings in DICK’S Sporting Goods were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DKS. Greenleaf Trust grew its stake in shares of DICK’S Sporting Goods by 3.0% in the fourth quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock worth $394,000 after acquiring an additional 50 shares during the period. CIBC Asset Management Inc grew its position in DICK’S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after purchasing an additional 54 shares during the period. Atria Wealth Solutions Inc. raised its stake in DICK’S Sporting Goods by 2.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock valued at $577,000 after buying an additional 54 shares during the last quarter. Stonegate Investment Group LLC raised its stake in DICK’S Sporting Goods by 2.9% during the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock valued at $473,000 after buying an additional 58 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of DICK’S Sporting Goods by 9.4% during the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer’s stock valued at $176,000 after buying an additional 66 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the completion of the transaction, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. This 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 have sold 172,933 shares of company stock worth $39,655,456. Insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS stock opened at $211.36 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company’s fifty day moving average price is $231.36 and its 200-day moving average price is $219.22. DICK’S Sporting Goods, Inc. has a one year low of $178.21 and a one year high of $254.60. The company 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.

Wall Street Analyst Weigh In

Several brokerages recently commented on DKS. TD Cowen lifted their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Telsey Advisory Group restated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Friday. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Argus raised their price objective 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. Finally, Loop Capital upped their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.