Illinois Municipal Retirement Fund Has $6.84 Million Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Illinois Municipal Retirement Fund lessened its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,867 shares of the sporting goods retailer's stock after selling 5,101 shares during the period. Illinois Municipal Retirement Fund's holdings in DICK'S Sporting Goods were worth $6,835,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DKS. Greenleaf Trust raised its holdings in DICK'S Sporting Goods by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock valued at $394,000 after buying an additional 50 shares during the last quarter. CIBC Asset Management Inc increased its position in DICK'S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after acquiring an additional 54 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of DICK'S Sporting Goods by 2.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock valued at $577,000 after acquiring an additional 54 shares during the last quarter. Stonegate Investment Group LLC lifted its holdings in shares of DICK'S Sporting Goods by 2.9% during the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock worth $473,000 after purchasing an additional 58 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of DICK'S Sporting Goods by 9.4% in the fourth quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer's stock worth $176,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DKS. UBS Group raised shares of 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 note on Wednesday, November 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Truist Financial upped 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. Loop Capital raised their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Finally, Argus boosted their price target on 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $248.09.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded up $3.00 during mid-day trading on Friday, hitting $224.81. 997,178 shares of the company's stock were exchanged, compared to its average volume of 1,017,120. 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 fifty-two week low of $176.23 and a fifty-two week high of $254.60. The business's 50 day moving average is $233.22 and its two-hundred day moving average is $219.79. The firm has a market capitalization of $18.32 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.47 and a beta of 1.57.

Insider Activity at DICK'S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the firm's stock in a transaction 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 approximately $1,917,017,844. This trade represents a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 in the last ninety days. Corporate insiders own 32.03% of the company's stock.

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.