Andra AP fonden Raises Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Andra AP fonden grew its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 218,800 shares of the sporting goods retailer's stock after purchasing an additional 10,613 shares during the quarter. DICK'S Sporting Goods makes up 0.8% of Andra AP fonden's investment portfolio, making the stock its 18th largest holding. Andra AP fonden owned 0.27% of DICK'S Sporting Goods worth $50,070,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Brooklyn Investment Group purchased a new position in shares of DICK'S Sporting Goods during the third quarter worth about $27,000. New Wave Wealth Advisors LLC purchased a new stake in shares of DICK'S Sporting Goods during the fourth quarter valued at approximately $28,000. True Wealth Design LLC boosted its stake in shares of DICK'S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer's stock valued at $31,000 after purchasing an additional 145 shares during the period. Sound Income Strategies LLC boosted its stake in shares of DICK'S Sporting Goods by 590.0% during the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer's stock valued at $32,000 after purchasing an additional 118 shares during the period. Finally, Promus Capital LLC purchased a new stake in shares of DICK'S Sporting Goods during the fourth quarter valued at approximately $48,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

DKS has been the subject of a number of recent analyst reports. Argus upped their target price on DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. TD Cowen upped their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Wedbush reiterated a "neutral" rating and issued a $215.00 price objective on shares of DICK'S Sporting Goods in a report on Thursday. Telsey Advisory Group reiterated an "outperform" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a report on Friday. Finally, Truist Financial increased their price objective on DICK'S Sporting Goods from $256.00 to $258.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.09.

DICK'S Sporting Goods Price Performance

DKS traded down $0.21 on Friday, hitting $214.48. 2,015,444 shares of the company's stock traded hands, compared to its average volume of 1,077,740. The company's 50 day simple moving average is $231.77 and its 200-day simple moving average is $219.50. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 2.47 and a beta of 1.53. DICK'S Sporting Goods, Inc. has a one year low of $178.21 and a one year high of $254.60. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the company's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the sale, the executive vice president now directly owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction 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 sale, the chairman now owns 8,362,128 shares of the company's stock, valued at $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by company insiders.

About DICK'S Sporting Goods

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.