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

Oppenheimer & Co. Inc. boosted its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 24.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,810 shares of the sporting goods retailer's stock after acquiring an additional 1,532 shares during the period. 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 have also bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in shares of DICK'S Sporting Goods in the 4th quarter worth about $28,000. Brooklyn Investment Group purchased a new position in DICK'S Sporting Goods in the third quarter worth about $27,000. Sound Income Strategies LLC increased its stake in 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 worth $32,000 after acquiring an additional 118 shares during the last quarter. True Wealth Design LLC raised its position in 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. Finally, Capital Performance Advisors LLP bought a new stake in shares of DICK'S Sporting Goods in the 3rd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Insider Activity at DICK'S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the transaction, the director now directly owns 50,997 shares of the company's stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the business's 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 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 disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock valued at $39,655,456 over the last 90 days. Insiders own 32.03% of the company's stock.

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DICK'S Sporting Goods Stock Down 0.1 %

Shares of DKS stock traded down $0.21 during mid-day trading on Friday, hitting $214.48. 2,004,695 shares of the stock traded hands, compared to its average volume of 1,076,379. DICK'S Sporting Goods, Inc. has a 52-week low of $178.21 and a 52-week high of $254.60. The stock has a market cap of $17.47 billion, a P/E ratio of 15.33, a P/E/G ratio of 2.47 and a beta of 1.57. 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 moving average is $232.16 and its two-hundred day moving average is $219.62.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DKS shares. Loop Capital increased their price target on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Truist Financial lifted 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 note on Wednesday, November 27th. Wedbush restated a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday. Finally, Argus raised their price target on DICK'S Sporting Goods from $255.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Eight equities 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, the company has an average rating of "Moderate Buy" and a consensus target price of $248.09.

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.