Callan Family Office LLC Takes $508,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Callan Family Office LLC bought a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,220 shares of the sporting goods retailer’s stock, valued at approximately $508,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DKS. Janney Montgomery Scott LLC boosted its position in DICK’S Sporting Goods by 7.8% during 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 grew its stake in shares of 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 buying an additional 1,105 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in DICK’S Sporting Goods during the third quarter worth $49,000. Leavell Investment Management Inc. lifted its stake in DICK’S Sporting Goods by 13.3% in the third quarter. Leavell Investment Management Inc. now owns 1,700 shares of the sporting goods retailer’s stock valued at $357,000 after acquiring an additional 200 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of DICK’S Sporting Goods by 20.7% in the 3rd quarter. Assetmark Inc. now owns 1,831 shares of the sporting goods retailer’s stock valued at $382,000 after acquiring an additional 314 shares during the period. 89.83% of the stock is owned by institutional investors.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the company’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 sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This represents a 12.57 % decrease in their position. The sale 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 DICK’S Sporting Goods stock in a transaction dated 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 completion of the transaction, the chairman now owns 8,362,128 shares in the company, 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. In the last quarter, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $214.48 on Monday. DICK’S Sporting Goods, Inc. has a 1 year low of $178.21 and a 1 year high of $254.60. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 2.47 and a beta of 1.53. 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’s 50 day simple moving average is $231.77 and its 200 day simple moving average is $219.39.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DKS. TD Cowen upped their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley raised their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Loop Capital boosted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and set a $215.00 price target on shares of DICK’S Sporting Goods in a report on Thursday. Finally, UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.