DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 24.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,810 shares of the sporting goods retailer’s stock after buying an additional 1,532 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in DICK’S Sporting Goods were worth $1,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of DICK’S Sporting Goods by 7.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,718 shares of the sporting goods retailer’s stock worth $1,819,000 after purchasing an additional 599 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in DICK’S Sporting Goods by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,769 shares of the sporting goods retailer’s stock valued at $1,412,000 after buying an additional 455 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in DICK’S Sporting Goods by 20.0% during the third quarter. First Trust Direct Indexing L.P. now owns 1,229 shares of the sporting goods retailer’s stock worth $256,000 after buying an additional 205 shares in the last quarter. US Bancorp DE raised its holdings in shares of DICK’S Sporting Goods by 3.4% in the third quarter. US Bancorp DE now owns 4,879 shares of the sporting goods retailer’s stock worth $1,018,000 after acquiring an additional 162 shares during the last quarter. Finally, Conning Inc. acquired a new position in shares of DICK’S Sporting Goods in the third quarter worth $309,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of recent research reports. TD Cowen lifted their price objective 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. UBS Group raised shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $225.00 to $260.00 in a research report on Wednesday, November 27th. Truist Financial raised their target price on shares of DICK’S Sporting Goods from $256.00 to $258.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley boosted their price target on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $248.09.

Insider Activity

In other DICK’S Sporting Goods news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the transaction, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction that occurred on 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 sale, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,933 shares of company stock valued at $39,655,456. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Down 4.8 %

DKS opened at $214.21 on Tuesday. The company has a market cap of $17.45 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. DICK’S Sporting Goods, Inc. has a 1 year low of $177.71 and a 1 year high of $254.60. The firm has a 50 day moving average price of $233.00 and a 200 day moving average price of $219.77.

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.