DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 7.5% during the 4th quarter, Holdings Channel reports. The firm owned 6,459 shares of the sporting goods retailer’s stock after selling 523 shares during the quarter. New York Life Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $1,478,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of DICK’S Sporting Goods by 7.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,718 shares of the sporting goods retailer’s stock worth $1,819,000 after acquiring an additional 599 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of DICK’S Sporting Goods by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 6,769 shares of the sporting goods retailer’s stock worth $1,412,000 after acquiring an additional 455 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of DICK’S Sporting Goods by 20.0% in the third quarter. First Trust Direct Indexing L.P. now owns 1,229 shares of the sporting goods retailer’s stock worth $256,000 after acquiring an additional 205 shares during the last quarter. US Bancorp DE boosted its stake in shares of DICK’S Sporting Goods by 3.4% in the third quarter. US Bancorp DE now owns 4,879 shares of the sporting goods retailer’s stock worth $1,018,000 after acquiring an additional 162 shares during the last quarter. Finally, Conning Inc. acquired a new stake in shares of DICK’S Sporting Goods in the third quarter worth approximately $309,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DICK’S Sporting Goods

In related news, 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 value of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares in the company, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DKS. Wedbush reaffirmed a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price objective on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Truist Financial lifted their price objective on 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. TD Cowen lifted their price objective on 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. Finally, Argus lifted their price objective 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. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

DICK’S Sporting Goods Price Performance

DKS 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. The company has a market capitalization of $17.45 billion, a PE ratio of 15.31, a P/E/G ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 12-month low of $177.71 and a 12-month high of $254.60. The business’s fifty day moving average price is $233.00 and its 200 day moving average price is $219.77.

About DICK’S Sporting Goods

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.