Amalgamated Bank Decreases Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Amalgamated Bank lessened its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,471 shares of the sporting goods retailer’s stock after selling 102 shares during the quarter. Amalgamated Bank’s holdings in DICK’S Sporting Goods were worth $6,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of DICK’S Sporting Goods by 9.4% during the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer’s stock worth $176,000 after acquiring an additional 66 shares in the last quarter. Birchcreek Wealth Management LLC purchased a new stake in DICK’S Sporting Goods during the fourth quarter worth approximately $227,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in DICK’S Sporting Goods by 4.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,000 shares of the sporting goods retailer’s stock valued at $4,577,000 after purchasing an additional 900 shares in the last quarter. Wealthspire Advisors LLC increased its stake in DICK’S Sporting Goods by 10.0% in the fourth quarter. Wealthspire Advisors LLC now owns 2,209 shares of the sporting goods retailer’s stock valued at $506,000 after purchasing an additional 201 shares during the last quarter. Finally, Navellier & Associates Inc. raised its holdings in DICK’S Sporting Goods by 26.2% during the fourth quarter. Navellier & Associates Inc. now owns 5,242 shares of the sporting goods retailer’s stock worth $1,200,000 after purchasing an additional 1,089 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, Director Lawrence J. Schorr sold 7,333 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was 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 owns 50,997 shares of the company’s stock, valued at approximately $11,808,355.35. This trade represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 sale, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. The trade was 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 worth $39,655,456 over the last three months. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Trading Up 3.2 %

Shares of DICK’S Sporting Goods stock opened at $226.95 on Thursday. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 52-week low of $175.31 and a 52-week high of $254.60. The company’s 50-day simple moving average is $233.02 and its 200-day simple moving average is $219.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.07. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.03 billion. DICK’S Sporting Goods had a return on equity of 42.00% and a net margin of 8.65%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS. As a group, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DKS shares. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Argus lifted their target price on 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. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. TD Cowen raised their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Truist Financial boosted their price objective on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and an average 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.