Jefferies Financial Group Inc. Trims Stock Position in DICK’S Sporting Goods, Inc. $DKS

Jefferies Financial Group Inc. decreased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 88.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,000 shares of the sporting goods retailer’s stock after selling 66,000 shares during the period. Jefferies Financial Group Inc.’s holdings in DICK’S Sporting Goods were worth $2,000,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in DICK’S Sporting Goods during the 3rd quarter worth $282,000. Parallel Advisors LLC boosted its stake in DICK’S Sporting Goods by 38.7% in the third quarter. Parallel Advisors LLC now owns 925 shares of the sporting goods retailer’s stock valued at $206,000 after acquiring an additional 258 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of DICK’S Sporting Goods by 8.4% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,685 shares of the sporting goods retailer’s stock worth $597,000 after purchasing an additional 209 shares during the last quarter. Modern Wealth Management LLC grew its holdings in shares of DICK’S Sporting Goods by 13.2% during the third quarter. Modern Wealth Management LLC now owns 1,236 shares of the sporting goods retailer’s stock worth $275,000 after purchasing an additional 144 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in shares of DICK’S Sporting Goods by 2.0% during the third quarter. Orion Porfolio Solutions LLC now owns 10,710 shares of the sporting goods retailer’s stock worth $2,380,000 after purchasing an additional 210 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $195.83 on Thursday. The business’s 50-day moving average price is $206.14 and its 200 day moving average price is $214.58. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market cap of $17.62 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.53 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $237.31.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays reduced their target price on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a report on Friday, November 28th. Weiss Ratings restated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research note on Monday, December 29th. Wall Street Zen raised DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. Finally, Wells Fargo & Company increased their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.67.

DICK’S Sporting Goods Company Profile

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.