Jackson Creek Investment Advisors LLC Has $510,000 Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Jackson Creek Investment Advisors LLC lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,227 shares of the sporting goods retailer’s stock after acquiring an additional 167 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in DICK’S Sporting Goods were worth $510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DKS. Holocene Advisors LP bought a new stake in shares of DICK’S Sporting Goods during the third quarter worth $70,562,000. KBC Group NV raised its position in shares of DICK’S Sporting Goods by 887.3% during the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after acquiring an additional 225,015 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of DICK’S Sporting Goods by 1,718.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock worth $41,740,000 after acquiring an additional 189,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of DICK’S Sporting Goods during the third quarter worth $32,093,000. Finally, World Investment Advisors LLC bought a new stake in shares of DICK’S Sporting Goods during the third quarter worth $29,991,000. Institutional investors own 89.83% of the company’s stock.

Insider Transactions at DICK’S Sporting Goods

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 transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. This represents a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the 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 transaction, the executive vice president now directly owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 over the last three months. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 0.1 %

DKS stock opened at $214.48 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The stock has a market capitalization of $17.47 billion, a P/E ratio of 15.33, a P/E/G ratio of 2.47 and a beta of 1.53. The business has a 50-day moving average of $231.77 and a 200-day moving average of $219.50. DICK’S Sporting Goods, Inc. has a fifty-two week low of $178.21 and a fifty-two week high of $254.60.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of recent research reports. TD Cowen boosted their target price 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. Truist Financial upped 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. Loop Capital upped their price objective on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 price objective on shares of DICK’S Sporting Goods in a report on Friday. Finally, UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and upped their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Company 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.