Charles Schwab Investment Management Inc. Increases Stock Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Charles Schwab Investment Management Inc. lifted its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,866,177 shares of the sporting goods retailer's stock after purchasing an additional 77,357 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.29% of DICK'S Sporting Goods worth $427,056,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Greenleaf Trust boosted its position in shares of DICK'S Sporting Goods by 3.0% in the 4th quarter. Greenleaf Trust now owns 1,721 shares of the sporting goods retailer's stock valued at $394,000 after purchasing an additional 50 shares during the period. CIBC Asset Management Inc boosted its position in shares of DICK'S Sporting Goods by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,232 shares of the sporting goods retailer's stock valued at $675,000 after purchasing an additional 54 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of DICK'S Sporting Goods by 2.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,521 shares of the sporting goods retailer's stock valued at $577,000 after purchasing an additional 54 shares during the period. Stonegate Investment Group LLC boosted its position in shares of DICK'S Sporting Goods by 2.9% in the 4th quarter. Stonegate Investment Group LLC now owns 2,066 shares of the sporting goods retailer's stock valued at $473,000 after purchasing an additional 58 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of DICK'S Sporting Goods by 9.4% in the 4th quarter. IFP Advisors Inc now owns 769 shares of the sporting goods retailer's stock valued at $176,000 after purchasing an additional 66 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

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DICK'S Sporting Goods Price Performance

NYSE DKS traded down $0.21 during mid-day trading on Friday, hitting $214.48. The stock had a trading volume of 2,015,444 shares, compared to its average volume of 1,077,740. DICK'S Sporting Goods, Inc. has a 52-week low of $178.21 and a 52-week high of $254.60. The company 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. The company has a 50 day simple moving average of $232.16 and a 200 day simple moving average of $219.62. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DKS shares. Wedbush reaffirmed a "neutral" rating and set a $215.00 price objective on shares of DICK'S Sporting Goods in a research report on Thursday. Morgan Stanley increased their price objective on DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Argus increased 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 price objective on shares of DICK'S Sporting Goods in a research 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 research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus price target of $248.09.

Insider Activity at DICK'S Sporting Goods

In related news, Chairman Edward W. Stack sold 160,600 shares of the firm'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 directly owns 8,362,128 shares of the company's stock, valued at $1,917,017,844. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm'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 transaction, the executive vice president now directly owns 16,504 shares of the company's stock, valued at $3,762,746.96. The trade was a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 in the last ninety 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.