Renaissance Technologies LLC decreases its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

According to the most recent filing with the SEC, Renaissance Technologies LLC liquidated 87.0% of its stake in Dick’s Sporting Goods, INC (NYSE:DKS) during the third quarter.

The company was left with 157,100 shares of the sporting goods business after selling 1,052,379 shares over the period.

At the end of its most recent fiscal quarter, Renaissance Technologies LLC held an interest in Dick’s Sporting Goods valued at approximately $16,439,000.

This stake represented approximately 0.20% of the company.

In recent months, a number of hedge funds have made adjustments to the proportion of their portfolios made up of DKS assets.

During the third quarter, Symmetry Partners LLC brought total holdings of Dick’s Sporting Goods stock to a 1.1% higher level than previously. Symmetry Partners LLC now holds a total of 8,648 shares in the sporting goods retailer after purchasing an additional 92 shares during the most recent fiscal quarter.

These shares are valued at approximately $905,000 each.

Chambersburg, Pennsylvania-based Farmers & Merchants Trust Company increased its stake in Dick’s Sporting Goods by 0.5 percentage points during the third quarter.

After purchasing 106 additional shares last quarter, Chambersburg, Pa.-based Farmers & Merchants Trust Co now owns 23,629 shares of the sporting goods retailer, valued at $2,473,000.

This increases the total number of shares acquired by the company to a total of 2,473. Cullen Frost Bankers INC increased its holdings of Dick’s Sporting Goods shares by 26.0% in the third quarter.

With the purchase of an additional 130 shares last quarter, Cullen Frost Bankers INC now owns 630 shares of the sporting goods retailer.

The current market price for these shares is $66,000.

Northwestern Mutual Wealth Management Company increased its holdings of Dick’s Sporting Goods shares by 2.9% in the fiscal second quarter.

Northwestern Mutual Wealth Management Co. now owns 5,463 shares worth $413,000 each, bringing the company’s total value to $413,000.

This was made possible by the purchase of 154 additional shares in the sporting goods retailer in the last fiscal quarter.

Finally, Foster & Motley INC increased the number of shares in Dick’s Sporting Goods in its portfolio by 0.3 percent during the third quarter. Foster & Motley INC has increased its holdings of the sporting goods retailer’s stock by 154 shares, bringing the total number of shares to 48,668 with a value of $5,093,000.

This brings the total number of shares owned by the company to a total of 48,668.

Institutional investors and hedge funds currently own 75.08 percent of the company’s shares.
In related news, Executive Vice President Vladimir Rak sold 29,144 shares of the company on December 21.

This is one of the points relevant to this topic.

The stock was bought and sold for a total of $3,276,659.92, with the average price per share being $112.43.

This led to an accumulation of cash.

As a direct result of the transaction, the Executive Vice President now owns 48,260 shares of the Company, currently valued at $5,425,871.80. Following this link will take you to the SEC filing, where the transaction was discussed in more detail.

In related news, Executive Vice President Vladimir Rak sold 29,144 shares of the company on December 21.

This is one of the points relevant to this topic.

The stock was bought and sold for a total of $3,276,659.92, with the average price per share being $112.43.

This led to an accumulation of cash.
As a direct result of the transaction, the Executive Vice President now owns 48,260 shares of the Company, currently valued at $5,425,871.80. Following this link will take you to the SEC filing, which discussed the transaction in more detail.

In addition, on Friday, December 9, Senior Vice President John Edward Hayes III sold 1,000 shares of the company’s stock.

Total shares sold was $120,570.00, which equals $120.57 per share when divided by the number of shares sold.

As a result of the closing of the transaction, the senior vice president now directly owns 26,231 shares of the company’s stock totaling $3,162,671.67.

This section may contain disclosures related to the sale.

Insiders own 32.83 percent of the company’s total stock.
DKS communicated with various research companies and obtained their feedback. UBS Group downgraded Dick’s Sporting Goods in a research report published Friday, April 6.

The report has been made available to the public. Stephens announced in a research note published Nov. 25 that the company had increased its price target for Dick’s Sporting Goods to $120.00. Cowen raised his price target on Dick’s Sporting Goods to $155.00 from $150.00 in a research note published Nov. 23. Williams Trading downgraded its recommendation on Dick’s Sporting Goods stock from a buy to a hold in a public research note. 13th February. Cowen raised its price target for Dick’s Sporting Goods to $166.00 from $155.00 in a research note published on Monday, February 6th.

The agenda was complete and this was the last and most important item.

The stock received a “hold” rating from eight of the fifteen equity research experts who participated in the survey, while fourteen of the analysts gave it a “buy” rating.