Proficio Capital Partners LLC Takes Position in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Proficio Capital Partners LLC bought a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 54,245 shares of the sporting goods retailer's stock, valued at approximately $12,413,000. Proficio Capital Partners LLC owned approximately 0.07% of DICK'S Sporting Goods as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of DICK'S Sporting Goods in the 4th quarter valued at $28,000. Brooklyn Investment Group acquired a new stake in shares of DICK'S Sporting Goods in the 3rd quarter valued at $27,000. Sound Income Strategies LLC boosted its stake in shares of DICK'S Sporting Goods by 590.0% in the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after purchasing an additional 118 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of 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. Finally, Capital Performance Advisors LLP acquired a new position in DICK'S Sporting Goods during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Insider Activity

In other news, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction dated 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 completion of the sale, the chairman now directly owns 8,362,128 shares of the company's stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 owned by insiders.

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DICK'S Sporting Goods Trading Up 2.2 %

Shares of DKS stock traded up $4.62 on Wednesday, reaching $216.74. The company had a trading volume of 1,346,993 shares, compared to its average volume of 1,051,283. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a market cap of $17.66 billion, a PE ratio of 15.49, a PEG ratio of 2.47 and a beta of 1.57. The company has a 50-day moving average of $232.73 and a 200-day moving average of $219.67. DICK'S Sporting Goods, Inc. has a 12 month low of $178.21 and a 12 month high of $254.60.

Analyst Upgrades and Downgrades

DKS has been the topic of several research reports. Argus upped their price target 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. TD Cowen upped their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Telsey Advisory Group reiterated an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Truist Financial upped their price target on shares of DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Finally, Wedbush reiterated a "neutral" rating and set a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a research 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.