Los Angeles Capital Management LLC Sells 26,562 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Los Angeles Capital Management LLC trimmed its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 48.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,622 shares of the sporting goods retailer's stock after selling 26,562 shares during the period. Los Angeles Capital Management LLC's holdings in DICK'S Sporting Goods were worth $6,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of DKS. Kerusso Capital Management LLC acquired a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at approximately $1,554,000. National Pension Service acquired a new position in shares of DICK'S Sporting Goods in the third quarter valued at approximately $4,195,000. Marion Wealth Management bought a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth $545,000. Strategy Asset Managers LLC acquired a new stake in shares of DICK'S Sporting Goods during the third quarter worth $4,325,000. Finally, Argus Investors Counsel Inc. acquired a new stake in shares of DICK'S Sporting Goods during the fourth quarter worth $257,000. 89.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction that occurred 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 completion of the sale, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business'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 transaction of $1,139,950.00. Following the transaction, the executive vice president now 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 sold 172,933 shares of company stock worth $39,655,456 over the last three months. Insiders own 32.03% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DKS. Morgan Stanley increased their target price on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Truist Financial increased their price objective on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. UBS Group raised DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price target for the stock from $225.00 to $260.00 in a research report on Wednesday, November 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a report on Tuesday, November 26th. Finally, Loop Capital boosted their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $248.09.

DICK'S Sporting Goods Stock Performance

Shares of NYSE:DKS traded up $3.00 on Friday, hitting $224.81. The company had a trading volume of 997,178 shares, compared to its average volume of 1,017,120. The stock has a market cap of $18.32 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 2.47 and a beta of 1.57. The stock has a 50 day moving average price of $233.22 and a 200 day moving average price of $219.79. DICK'S Sporting Goods, Inc. has a 1-year low of $176.23 and a 1-year high of $254.60. 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 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.