IFP Advisors Inc Buys 66 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

IFP Advisors Inc grew its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 9.4% in the fourth quarter, Holdings Channel reports. The fund owned 769 shares of the sporting goods retailer’s stock after acquiring an additional 66 shares during the quarter. IFP Advisors Inc’s holdings in DICK’S Sporting Goods were worth $176,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $27,000. Sound Income Strategies LLC raised its position in shares of DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 118 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of DICK’S Sporting Goods by 2,900.0% during the 3rd 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 during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of DICK’S Sporting Goods during the 3rd quarter valued at $49,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the business’s stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is owned by company insiders.

DICK’S Sporting Goods Stock Performance

Shares of NYSE DKS opened at $214.21 on Tuesday. The firm has a 50 day moving average of $233.00 and a 200 day moving average of $219.77. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 12-month low of $177.71 and a 12-month high of $254.60.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price target for the stock from $225.00 to $260.00 in a report on Wednesday, November 27th. Truist Financial raised their target price on shares of 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. Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Argus lifted their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $215.00 target price (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.