131 Shares in DICK’S Sporting Goods, Inc. (NYSE:DKS) Bought by Rialto Wealth Management LLC

Rialto Wealth Management LLC purchased a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 131 shares of the sporting goods retailer’s stock, valued at approximately $30,000.

Other large investors have also added to or reduced their stakes in the company. Kerusso Capital Management LLC acquired a new stake in shares of DICK’S Sporting Goods during the third quarter worth about $1,554,000. Marion Wealth Management acquired a new stake in DICK’S Sporting Goods during the 4th quarter valued at approximately $545,000. Strategy Asset Managers LLC purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at $4,325,000. Argus Investors Counsel Inc. acquired a new stake in shares of DICK’S Sporting Goods in the fourth quarter worth $257,000. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of DICK’S Sporting Goods by 402.9% during the third quarter. Landscape Capital Management L.L.C. now owns 15,344 shares of the sporting goods retailer’s stock worth $3,202,000 after purchasing an additional 12,293 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 0.1 %

Shares of NYSE DKS opened at $214.48 on Monday. The stock has a market cap of $17.47 billion, a PE ratio of 15.33, a P/E/G ratio of 2.47 and a beta of 1.53. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK’S Sporting Goods, Inc. has a 12-month low of $178.21 and a 12-month high of $254.60. The company has a 50-day moving average of $231.77 and a 200 day moving average of $219.39.

Wall Street Analysts Forecast Growth

Several research firms have commented on DKS. Loop Capital upped their price target on shares of 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 reaffirmed an “outperform” rating and set a $260.00 target price on shares of DICK’S Sporting Goods in a report on Friday. TD Cowen lifted their price target on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley upped their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Argus lifted their target price 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. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

Insider Transactions at DICK’S Sporting Goods

In other news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction on 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 transaction, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now directly 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. Insiders have sold a total of 172,933 shares of company stock worth $39,655,456 in the last ninety days. Insiders own 32.03% of the company’s stock.

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.