Todd Asset Management LLC Has $43.89 Million Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Todd Asset Management LLC increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,813 shares of the sporting goods retailer’s stock after purchasing an additional 3,119 shares during the period. Todd Asset Management LLC’s holdings in DICK’S Sporting Goods were worth $43,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DKS. Brooklyn Investment Group acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $27,000. New Wave Wealth Advisors LLC acquired a new stake in DICK’S Sporting Goods during the 4th quarter worth approximately $28,000. True Wealth Design LLC lifted its holdings in DICK’S Sporting Goods by 2,900.0% during the 3rd quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in DICK’S Sporting Goods by 590.0% during the 4th quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth approximately $49,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Edward W. Stack sold 160,600 shares of the 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 owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the company’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 sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,933 shares of company stock valued at $39,655,456. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Trading Down 2.0 %

Shares of DKS stock opened at $220.11 on Tuesday. The firm has a market capitalization of $17.93 billion, a P/E ratio of 15.73, a P/E/G ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a twelve month low of $172.50 and a twelve month high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $232.90 and its 200 day simple moving average is $219.46.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. TD Cowen lifted their price objective on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a 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 company a “buy” rating in a report on Wednesday, November 27th. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Finally, Morgan Stanley lifted their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

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.