Tudor Investment Corp Et Al Sells 9,318 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)
Tudor Investment Corp Et Al reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 60.0% in the third quarter, according to its recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,217 shares of the sporting goods retailer after selling 9,318 shares during the quarter. Tudor Investment Corp et al’s interests in DICK’S Sporting Goods were valued at $651,000 at the time of the most recent filing with the Securities and Exchange Commission.
→ Is gold a problem? (By Oxford Club)
Several other hedge funds and other institutional investors have recently added to or reduced their stakes in DKS. CoreCap Advisors LLC acquired a new interest in DICK’S Sporting Goods valued at approximately $40,000 during the second quarter. Northern Oak Wealth Management Inc. acquired a new interest in DICK’S Sporting Goods stock valued at approximately $51,000 during the second quarter. Cullen Frost Bankers Inc. increased its holding in DICK’S Sporting Goods by 26.0% in the third quarter. Cullen Frost Bankers Inc. now owns 630 shares of the sporting goods retailer, valued at $66,000, after purchasing an additional 130 shares during the period. Quadrant Capital Group LLC increased its stake in DICK’S Sporting Goods by 479.8% in the third quarter. Quadrant Capital Group LLC now owns 690 shares of the sporting goods retailer, valued at $72,000, after acquiring an additional 571 shares last quarter. Finally, Point72 Hong Kong Ltd increased its stake in DICK’S Sporting Goods by 188.8% in the first quarter. Point72 Hong Kong Ltd now owns 797 shares of the sporting goods retailer, valued at $80,000, having acquired a further 521 shares during this period. Institutional investors and hedge funds own 75.08% of the company’s shares.
DICK’S sporting goods inventory increased by 2.0%
Shares of DKS stock opened at $132.11 on Monday. The company’s 50-day moving average price is $127.28 and its 200-day moving average price is $117.16. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. DICK’S Sporting Goods, Inc. has a 1 year low of $63.45 and a 1 year high of $138.43. The company has a market cap of $10.46 billion, a P/E of 11.66, a PEG ratio of 2.20, and a beta of 1.41.
Wall Street analysts forecast growth
Several equity analysts have rated DKS stock. Cowen raised his target price on DICK’S Sporting Goods from $150.00 to $155.00 in a research note on Wednesday, November 23. Citigroup downgraded shares of DICK’S Sporting Goods from a “buy” rating to a “neutral” rating and lowered its price target on the stock to $140.00 from $143.00 in a research note on Tuesday, March 28. February. UBS Group raised its price target for shares of DICK’S Sporting Goods from USD 120.00 to USD 130.00 and rated the company “neutral” in a research note on Friday 6 January. Stifel Nicolaus raised his target price on shares of DICK’S Sporting Goods from $100.00 to $112.00 in a research report on Wednesday, November 23. Finally, the Telsey Advisory Group revised a rating of “outperform” and issued a $135.00 price target on shares of DICK’S Sporting Goods in a research report on Friday. Eight research analysts have rated the stock with a hold and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, DICK’S Sporting Goods currently has an average rating of Moderate Buy and an average price target of $138.90.
insider activity
In related news, EVP Vladimir Rak sold 29,144 shares of the company’s shares in a transaction on Wednesday, December 21st. The stock sold at an average price of $112.43 for a total transaction of $3,276,659.92. Following the sale, the Executive Vice President now owns 48,260 shares of the Company, valued at $5,425,871.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In other news, SVP John Edward Hayes III sold 1,000 shares of the company’s shares in a transaction on Friday December 9th. The shares sold at an average price of $120.57 for a total transaction of $120,570.00. Following the transaction, the senior vice president now directly owns 26,231 shares of the company, valued at approximately $3,162,671.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In addition, EVP Vladimir Rak sold 29,144 shares of the company’s shares in a transaction on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total transaction of $3,276,659.92. Upon completion of the sale, the Executive Vice President now directly owns 48,260 shares of the Company, valued at $5,425,871.80. The disclosure for this sale can be found here. 32.83% of the shares are owned by company insiders.
DICK’S sporting goods profile
(get rating)
Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.
Further reading
Want to see what other hedge funds are holding DKS? Visit HoldingsChannel.com for the latest 13F filings and insider trading for DICK’S Sporting Goods, Inc. (NYSE: DKS – Get Rating).
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected].
Hear this before you consider DICK’S Sporting Goods.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market follows through… and DICK’S Sporting Goods wasn’t on the list.
While DICK’s Sporting Goods is currently rated a “Moderate Buy” by analysts, top analysts believe these five stocks are better buys.
Check out the five stocks here
