Jefferies Financial Group Inc. Cuts Stock Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Jefferies Financial Group cut its stake in DICK'S Sporting Goods by 88.0% in the 3rd quarter, selling 66,000 shares and leaving it with 9,000 shares valued at about $2.0 million.
• Analyst sentiment is positive overall with an average rating of "Moderate Buy" and an average price target of $239.67, based on 1 Strong Buy, 10 Buy, 7 Hold and 1 Sell ratings.
• Institutions hold roughly 89.83% of the stock; DKS has a market capitalization of $17.62 billion and a trailing P/E of 15.75.

Jefferies Financial Group Inc. reduced its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 88.0% during the 3rd quarter, according to the company in its most recent Form 13F 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.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC grew its stake in DICK'S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer's stock worth $32,000 after purchasing an additional 46 shares in the last quarter. Root Financial Partners LLC acquired a new stake in DICK'S Sporting Goods in the 3rd quarter valued at about $33,000. Westside Investment Management Inc. raised its position in DICK'S Sporting Goods by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer's stock valued at $35,000 after purchasing an additional 76 shares in the last quarter. Mather Group LLC. purchased a new position in shares of DICK'S Sporting Goods in the 3rd quarter valued at about $39,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of DICK'S Sporting Goods in the 2nd quarter valued at about $40,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

DICK'S Sporting Goods Price Performance

Shares of NYSE DKS opened at $195.83 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. DICK'S Sporting Goods, Inc. has a fifty-two week low of $166.37 and a fifty-two week high of $237.31. The firm has a market capitalization of $17.62 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23. The stock's 50-day simple moving average is $206.14 and its 200-day simple moving average is $214.58.

Analyst Ratings Changes

DKS has been the topic of a number of recent research reports. Robert W. Baird set a $253.00 target price on shares of DICK'S Sporting Goods in a research note on Wednesday, February 11th. UBS Group reiterated a "buy" rating on shares of DICK'S Sporting Goods in a research note on Tuesday, March 3rd. Barclays lowered their price target on shares of 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. Telsey Advisory Group reissued an "outperform" rating and issued a $245.00 price objective on shares of DICK'S Sporting Goods in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on shares of 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 investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $239.67.

DICK'S Sporting Goods 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.

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