Proficio Capital Partners LLC Purchases Shares of 54,245 DICK’S Sporting Goods, Inc. (NYSE:DKS)

Proficio Capital Partners LLC acquired a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 4th quarter, Holdings Channel reports. The fund acquired 54,245 shares of the sporting goods retailer’s stock, valued at approximately $12,413,000.

Several other large investors have also modified their holdings of DKS. Greenleaf Trust lifted its stake in shares of DICK’S Sporting Goods by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer’s stock worth $394,000 after acquiring an additional 50 shares during the period. CIBC Asset Management Inc raised its holdings in DICK’S Sporting Goods by 1.7% during the third quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer’s stock worth $675,000 after purchasing an additional 54 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in DICK’S Sporting Goods by 2.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer’s stock valued at $577,000 after purchasing an additional 54 shares during the period. Stonegate Investment Group LLC lifted its position in DICK’S Sporting Goods by 2.9% in the fourth quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer’s stock valued at $473,000 after purchasing an additional 58 shares during the period. Finally, IFP Advisors Inc boosted its holdings in DICK’S Sporting Goods by 9.4% in the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer’s stock valued at $176,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lawrence J. Schorr sold 7,333 shares of the company’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 transaction, the director now directly owns 50,997 shares in the company, valued at approximately $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This trade represents 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 valued at $39,655,456 in the last quarter. 32.03% of the stock is currently owned by company insiders.

DICK’S Sporting Goods Stock Up 1.4 %

Shares of NYSE DKS opened at $224.81 on Friday. The firm has a market cap of $18.32 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK’S Sporting Goods, Inc. has a 1 year low of $176.23 and a 1 year high of $254.60. The firm’s 50 day moving average price is $233.22 and its 200 day moving average price is $219.79.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen increased their target price 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. Morgan Stanley raised their target price 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. Telsey Advisory Group restated an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a research report on Tuesday, November 26th. Argus increased their price target on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Wedbush reissued a “neutral” rating and set a $215.00 price objective (down previously from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the 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 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.