1,390 Shares in DICK'S Sporting Goods, Inc. (NYSE:DKS) Purchased by Advisor OS LLC

Advisor OS LLC acquired a new position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,390 shares of the sporting goods retailer's stock, valued at approximately $318,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Holocene Advisors LP purchased a new stake in shares of DICK'S Sporting Goods during the third quarter valued at about $70,562,000. KBC Group NV lifted its position in DICK'S Sporting Goods by 887.3% during the third 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% in the third 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new position in DICK'S Sporting Goods in the third quarter worth $32,093,000. Finally, World Investment Advisors LLC acquired a new position in shares of DICK'S Sporting Goods during the third quarter worth $29,991,000. Institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of recent analyst reports. Argus raised their price objective on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley raised their price target on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. UBS Group upgraded shares of DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and upped their price objective for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Wedbush reaffirmed a "neutral" rating and issued a $215.00 price objective (down from $250.00) on shares of DICK'S Sporting Goods in a research report on Wednesday, November 27th. Finally, TD Cowen boosted their target price on shares of 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $248.09.

DICK'S Sporting Goods Stock Performance

DKS stock traded down $10.89 during midday trading on Monday, hitting $214.21. 1,301,900 shares of the stock traded hands, compared to its average volume of 1,024,190. DICK'S Sporting Goods, Inc. has a 1-year low of $177.71 and a 1-year 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 stock's fifty day simple moving average is $233.22 and its 200-day simple moving average is $219.84. The firm has a market cap of $17.45 billion, a P/E ratio of 15.31, a PEG ratio of 2.47 and a beta of 1.57.

Insider Activity at DICK'S Sporting Goods

In other news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the transaction, the executive vice president now owns 16,504 shares in the company, valued at $3,762,746.96. This trade represents a 23.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lawrence J. Schorr sold 7,333 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now directly owns 50,997 shares of the company's stock, valued at approximately $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 172,933 shares of company stock worth $39,655,456 in the last 90 days. Corporate insiders own 32.03% of the company's stock.

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.