Bank of New York Mellon Corp Sells 32,507 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Bank of New York Mellon Corp trimmed its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 667,974 shares of the sporting goods retailer's stock after selling 32,507 shares during the quarter. Bank of New York Mellon Corp owned about 0.82% of DICK'S Sporting Goods worth $152,859,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. IFP Advisors Inc lifted its position in DICK'S Sporting Goods by 9.4% during the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer's stock valued at $176,000 after purchasing an additional 66 shares during the period. Birchcreek Wealth Management LLC acquired a new position in DICK'S Sporting Goods in the fourth quarter valued at about $227,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in DICK'S Sporting Goods by 4.7% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,000 shares of the sporting goods retailer's stock worth $4,577,000 after buying an additional 900 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of DICK'S Sporting Goods by 10.0% during the 4th quarter. Wealthspire Advisors LLC now owns 2,209 shares of the sporting goods retailer's stock worth $506,000 after buying an additional 201 shares during the period. Finally, Navellier & Associates Inc. increased its stake in shares of DICK'S Sporting Goods by 26.2% in the 4th quarter. Navellier & Associates Inc. now owns 5,242 shares of the sporting goods retailer's stock valued at $1,200,000 after acquiring an additional 1,089 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DICK'S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction 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 sale, the chairman now owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods 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 completion of the transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock worth $39,655,456 over the last ninety days. Corporate insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Stock Performance

DKS traded down $0.37 during trading on Tuesday, hitting $214.08. The stock had a trading volume of 1,194,920 shares, compared to its average volume of 1,026,484. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The company has a 50 day moving average price of $233.00 and a 200-day moving average price of $219.77. DICK'S Sporting Goods, Inc. has a one year low of $178.21 and a one year high of $254.60. The firm has a market cap of $17.44 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 2.47 and a beta of 1.57.

Analysts Set New Price Targets

DKS has been the topic of several recent analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $260.00 price objective on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Truist Financial boosted their target price on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Finally, Loop Capital lifted their price target on shares of 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. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and an average target price of $248.09.

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.