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

Oppenheimer & Co. Inc. raised its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 24.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,810 shares of the sporting goods retailer’s stock after buying an additional 1,532 shares during the period. Oppenheimer & Co. Inc.’s holdings in DICK’S Sporting Goods were worth $1,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Holocene Advisors LP acquired a new stake in shares of DICK’S Sporting Goods during the third quarter worth approximately $70,562,000. KBC Group NV boosted its stake in DICK’S Sporting Goods by 887.3% during the 3rd quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock valued at $52,253,000 after acquiring an additional 225,015 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in DICK’S Sporting Goods by 1,718.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock valued at $41,740,000 after acquiring an additional 189,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth $32,093,000. Finally, World Investment Advisors LLC bought a new stake in shares of DICK’S Sporting Goods in the 3rd quarter worth about $29,991,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on DKS. Truist Financial increased their price target 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. 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 Tuesday, November 26th. Wedbush reiterated a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday, November 27th. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Finally, Argus lifted their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $248.09.

DICK’S Sporting Goods Stock Performance

Shares of DKS stock opened at $214.21 on Tuesday. DICK’S Sporting Goods, Inc. has a 12-month low of $177.71 and a 12-month high of $254.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.72 and a quick ratio of 0.56. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. The business has a 50 day simple moving average of $233.00 and a 200 day simple moving average of $219.77.

Insider Transactions at DICK’S Sporting Goods

In other news, Chairman Edward W. Stack sold 160,600 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total value of $36,817,550.00. Following the completion of the sale, the chairman now directly owns 8,362,128 shares of the company’s stock, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the 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 completion of the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,933 shares of company stock valued at $39,655,456. 32.03% of the stock is currently owned by corporate insiders.

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.