DICK’S Sporting Goods, Inc. (NYSE:DKS) Stock Holdings Lowered by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,320 shares of the sporting goods retailer’s stock after selling 1,675 shares during the period. QRG Capital Management Inc.’s holdings in DICK’S Sporting Goods were worth $1,217,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DKS. Proficio Capital Partners LLC acquired a new stake in shares of DICK’S Sporting Goods during the 4th quarter valued at $12,413,000. Oppenheimer & Co. Inc. grew its holdings in shares of DICK’S Sporting Goods by 24.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 7,810 shares of the sporting goods retailer’s stock worth $1,787,000 after acquiring an additional 1,532 shares during the last quarter. National Pension Service raised its position in shares of DICK’S Sporting Goods by 0.5% during the fourth quarter. National Pension Service now owns 20,200 shares of the sporting goods retailer’s stock worth $4,623,000 after purchasing an additional 100 shares during the period. Advisor OS LLC purchased a new stake in shares of DICK’S Sporting Goods during the fourth quarter valued at $318,000. Finally, Todd Asset Management LLC boosted its position in shares of DICK’S Sporting Goods by 1.7% in the 4th quarter. Todd Asset Management LLC now owns 191,813 shares of the sporting goods retailer’s stock valued at $43,894,000 after purchasing an additional 3,119 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

DKS has been the topic of several recent analyst reports. Morgan Stanley boosted their price objective 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. TD Cowen boosted their price target on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Argus raised 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 note on Wednesday, January 29th. Truist Financial boosted their target price on shares of 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. Finally, UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their target price for the company from $225.00 to $260.00 in a 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Down 4.8 %

DICK’S Sporting Goods stock opened at $214.21 on Tuesday. 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 1-year low of $177.71 and a 1-year high of $254.60. The firm’s fifty day simple moving average is $233.00 and its 200-day simple moving average is $219.77. The company has a market capitalization of $17.45 billion, a P/E ratio of 15.31, a P/E/G ratio of 2.47 and a beta of 1.57.

Insiders Place Their Bets

In other news, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm’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 value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $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 have sold 172,933 shares of company stock valued at $39,655,456 over the last three months. 32.03% of the stock is currently owned by insiders.

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.