Sigma Planning Corp Sells 202 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Sigma Planning Corp reduced its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,279 shares of the sporting goods retailer’s stock after selling 202 shares during the quarter. Sigma Planning Corp’s holdings in DICK’S Sporting Goods were worth $750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DKS. Holocene Advisors LP bought a new position in shares of DICK’S Sporting Goods in the third quarter worth approximately $70,562,000. KBC Group NV grew its stake in DICK’S Sporting Goods by 887.3% in the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after buying an additional 225,015 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of DICK’S Sporting Goods by 1,718.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock worth $41,740,000 after buying an additional 189,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $32,093,000. Finally, World Investment Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter worth $29,991,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DKS. Loop Capital increased their target price 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. Argus increased their price objective on 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. Wedbush restated a “neutral” rating and issued a $215.00 target price (down previously from $250.00) on shares of DICK’S Sporting Goods in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Finally, UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Stock Down 0.2 %

Shares of NYSE:DKS opened at $219.84 on Wednesday. The stock’s 50-day moving average is $232.78 and its 200 day moving average is $219.55. The company has a market cap of $17.91 billion, a PE ratio of 15.71, a P/E/G ratio of 2.47 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. DICK’S Sporting Goods, Inc. has a 1 year low of $172.50 and a 1 year high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, 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 transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by company insiders.

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.