Ieq Capital LLC Has $1.69 Million Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Ieq Capital LLC boosted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 208.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,365 shares of the sporting goods retailer's stock after purchasing an additional 4,980 shares during the quarter. Ieq Capital LLC's holdings in DICK'S Sporting Goods were worth $1,685,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new position in DICK'S Sporting Goods during the third quarter worth $27,000. New Wave Wealth Advisors LLC acquired a new position in DICK'S Sporting Goods during the fourth quarter valued at approximately $28,000. True Wealth Design LLC increased its holdings in DICK'S Sporting Goods by 2,900.0% in the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of DICK'S Sporting Goods by 590.0% in the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after buying an additional 118 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in DICK'S Sporting Goods during the 3rd quarter worth approximately $49,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DKS has been the topic of a number of analyst reports. Argus lifted their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Morgan Stanley boosted their price objective 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. Telsey Advisory Group restated an "outperform" rating and set a $260.00 target price on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Finally, Truist Financial increased their price target on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $248.09.

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Insider Activity 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 that occurred on 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 $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 link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. 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 quarter. 32.03% of the stock is currently owned by company insiders.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded down $4.96 during mid-day trading on Thursday, reaching $221.94. 787,219 shares of the company's stock traded hands, compared to its average volume of 1,017,645. DICK'S Sporting Goods, Inc. has a 12 month low of $176.23 and a 12 month high of $254.60. The stock has a market capitalization of $18.08 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. The business's 50-day moving average price is $233.02 and its 200-day moving average price is $219.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the firm posted $2.85 EPS. The firm's quarterly revenue was up .5% on a year-over-year basis. Equities analysts predict that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

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.