New York State Common Retirement Fund Reduces Stock Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

New York State Common Retirement Fund trimmed its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,179 shares of the sporting goods retailer's stock after selling 2,500 shares during the quarter. New York State Common Retirement Fund's holdings in DICK'S Sporting Goods were worth $7,364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DKS. State Street Corp boosted its stake in DICK'S Sporting Goods by 1.2% during the third quarter. State Street Corp now owns 2,259,133 shares of the sporting goods retailer's stock worth $473,945,000 after acquiring an additional 27,155 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in DICK'S Sporting Goods by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,788,820 shares of the sporting goods retailer's stock valued at $373,327,000 after acquiring an additional 57,672 shares during the period. Geode Capital Management LLC raised its stake in DICK'S Sporting Goods by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,042,782 shares of the sporting goods retailer's stock valued at $217,169,000 after buying an additional 10,640 shares during the last quarter. KBC Group NV lifted its stake in shares of DICK'S Sporting Goods by 86.8% in the 4th quarter. KBC Group NV now owns 467,764 shares of the sporting goods retailer's stock worth $107,043,000 after purchasing an additional 217,390 shares during the period. Finally, Holocene Advisors LP bought a new stake in DICK'S Sporting Goods during the third quarter valued at about $70,562,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Transactions at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Edward W. Stack sold 160,600 shares of the business's stock in a transaction that occurred 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 in the last ninety days. 32.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price objective for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Loop Capital boosted their target price 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. TD Cowen lifted 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. Telsey Advisory Group reissued an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. Finally, Argus lifted their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, DICK'S Sporting Goods currently has an average rating of "Moderate Buy" and a consensus target price of $248.09.

DICK'S Sporting Goods Stock Performance

Shares of NYSE:DKS traded up $3.00 during trading on Friday, hitting $224.81. 997,178 shares of the stock traded hands, compared to its average volume of 1,017,120. The company 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 company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $233.22 and a two-hundred day moving average price of $219.79. DICK'S Sporting Goods, Inc. has a 52-week low of $176.23 and a 52-week high of $254.60.

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.