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

Sigma Planning Corp cut its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.8% in the 4th quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Holocene Advisors LP purchased a new stake in shares of DICK’S Sporting Goods during the third quarter valued at approximately $70,562,000. KBC Group NV lifted its position 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 valued at $52,253,000 after acquiring an additional 225,015 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in DICK’S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock valued at $41,740,000 after purchasing an additional 189,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in 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 in the 3rd quarter worth $29,991,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $219.84 on Wednesday. The business’s 50-day simple moving average is $232.78 and its two-hundred day simple moving average is $219.55. DICK’S Sporting Goods, Inc. has a 52 week low of $172.50 and a 52 week high of $254.60. The stock 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 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 issued 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 company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter last year, the company earned $2.85 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. As a group, analysts forecast that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the firm’s 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock valued at $39,655,456 in the last three months. 32.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DKS shares. Morgan Stanley upped their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Truist Financial lifted 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. Wedbush reissued a “neutral” rating and set a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Finally, TD Cowen raised their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.