DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by HS Management Partners LLC

HS Management Partners LLC trimmed its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,167 shares of the sporting goods retailer's stock after selling 9,573 shares during the quarter. DICK'S Sporting Goods comprises approximately 5.1% of HS Management Partners LLC's holdings, making the stock its 7th biggest position. HS Management Partners LLC owned about 0.40% of DICK'S Sporting Goods worth $74,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Holocene Advisors LP purchased a new stake in DICK'S Sporting Goods during the 3rd quarter valued at approximately $70,562,000. KBC Group NV grew its holdings in DICK'S Sporting Goods by 887.3% during the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock valued at $52,253,000 after buying an additional 225,015 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings 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 buying an additional 189,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of DICK'S Sporting Goods during the 3rd quarter valued at approximately $32,093,000. Finally, World Investment Advisors LLC bought a new position in shares of DICK'S Sporting Goods during the 3rd quarter valued at approximately $29,991,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other 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 transaction of $36,817,550.00. Following the transaction, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. This trade represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the transaction, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Trading Down 0.1 %

Shares of NYSE:DKS traded down $0.21 on Friday, hitting $214.48. 2,015,444 shares of the company's stock were exchanged, compared to its average volume of 1,077,740. DICK'S Sporting Goods, Inc. has a 12 month low of $178.21 and a 12 month high of $254.60. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.53. The business's 50 day simple moving average is $231.77 and its two-hundred day simple moving average is $219.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DKS. Truist Financial increased their target price on DICK'S Sporting Goods from $256.00 to $258.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Morgan Stanley increased their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. TD Cowen increased their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Argus increased their target price 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. Finally, UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and increased their target price for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.