Los Angeles Capital Management LLC Cuts Stock Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Los Angeles Capital Management LLC trimmed its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 48.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,622 shares of the sporting goods retailer’s stock after selling 26,562 shares during the period. Los Angeles Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $6,550,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DKS. Todd Asset Management LLC lifted its stake in shares of DICK’S Sporting Goods by 1.7% in the 4th quarter. Todd Asset Management LLC now owns 191,813 shares of the sporting goods retailer’s stock worth $43,894,000 after acquiring an additional 3,119 shares during the period. IFP Advisors Inc raised its holdings in DICK’S Sporting Goods by 9.4% during the fourth quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer’s stock worth $176,000 after purchasing an additional 66 shares in the last quarter. Birchcreek Wealth Management LLC purchased a new position in DICK’S Sporting Goods during the fourth quarter worth about $227,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in DICK’S Sporting Goods by 4.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,000 shares of the sporting goods retailer’s stock valued at $4,577,000 after purchasing an additional 900 shares during the period. Finally, Wealthspire Advisors LLC boosted its holdings in DICK’S Sporting Goods by 10.0% in the 4th quarter. Wealthspire Advisors LLC now owns 2,209 shares of the sporting goods retailer’s stock valued at $506,000 after purchasing an additional 201 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods 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. The trade was a 23.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Edward W. Stack sold 160,600 shares of the company’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 directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,933 shares of company stock valued at $39,655,456. Company insiders own 32.03% of the company’s stock.

Analysts Set New Price Targets

DKS has been the subject of a number of analyst reports. Morgan Stanley increased their target price on 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. TD Cowen increased their price objective 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. Loop Capital boosted their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Up 3.2 %

DKS opened at $226.95 on Thursday. The firm has a market cap of $18.49 billion, a P/E ratio of 16.22, a PEG ratio of 2.47 and a beta of 1.57. The business’s fifty day simple moving average is $233.02 and its 200 day simple moving average is $219.60. DICK’S Sporting Goods, Inc. has a 52 week low of $175.31 and a 52 week high of $254.60. 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 (NYSE:DKS) last released its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $2.85 EPS. As a group, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

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.