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

Callan Family Office LLC acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,220 shares of the sporting goods retailer’s stock, valued at approximately $508,000.

Other large investors have also added to or reduced their stakes in the company. Kerusso Capital Management LLC acquired a new position in DICK’S Sporting Goods in the 3rd quarter valued at approximately $1,554,000. Marion Wealth Management bought a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $545,000. Strategy Asset Managers LLC acquired a new stake in DICK’S Sporting Goods in the third quarter valued at $4,325,000. Argus Investors Counsel Inc. bought a new position in DICK’S Sporting Goods during the 4th quarter worth $257,000. Finally, Landscape Capital Management L.L.C. lifted its holdings in DICK’S Sporting Goods by 402.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock worth $3,202,000 after buying an additional 12,293 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DKS. TD Cowen increased their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Wedbush reissued a “neutral” rating and set a $215.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday. Morgan Stanley boosted their price target on shares of DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a research note on Friday. Finally, 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 note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.09.

Insider Buying and Selling at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of 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. Over the last three months, insiders have sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $214.48 on Monday. The company has a market cap of $17.47 billion, a P/E ratio of 15.33, a PEG ratio of 2.47 and a beta of 1.53. The company has a fifty day simple moving average of $231.77 and a 200 day simple moving average of $219.39. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 12-month low of $178.21 and a 12-month high of $254.60.

DICK’S Sporting Goods Company 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.