Flputnam Investment Management Co. Invests $5.02 Million in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Flputnam Investment Management Co. acquired a new position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,930 shares of the sporting goods retailer's stock, valued at approximately $5,018,000.

Several other large investors have also modified their holdings of the business. New Wave Wealth Advisors LLC bought a new stake in shares of DICK'S Sporting Goods during the 4th quarter worth approximately $28,000. Brooklyn Investment Group purchased a new stake in DICK'S Sporting Goods in the third quarter worth $27,000. Sound Income Strategies LLC lifted its position 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 worth $32,000 after purchasing an additional 118 shares during the last quarter. 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. Finally, Capital Performance Advisors LLP bought a new position in shares of DICK'S Sporting Goods in the third quarter worth about $49,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $260.00 price target on shares of DICK'S Sporting Goods in a research note on Tuesday, November 26th. TD Cowen upped their target price on DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. UBS Group upgraded DICK'S Sporting Goods from a "neutral" rating to a "buy" rating and raised their price target for the company from $225.00 to $260.00 in a research note 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 company an "overweight" rating in a research report on Tuesday, January 21st. Finally, Loop Capital boosted their price target on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $248.09.

Insider Buying and Selling

In other DICK'S Sporting Goods news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's 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 directly owns 16,504 shares of the company's stock, valued at approximately $3,762,746.96. This trade represents a 23.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Edward W. Stack sold 160,600 shares of DICK'S Sporting Goods stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $229.25, for a total transaction of $36,817,550.00. Following the sale, the chairman now owns 8,362,128 shares of the company's stock, valued at approximately $1,917,017,844. The trade was a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 172,933 shares of company stock worth $39,655,456 in the last 90 days. Insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of NYSE DKS traded up $4.62 during midday trading on Wednesday, reaching $216.74. The company had a trading volume of 1,346,993 shares, compared to its average volume of 1,051,283. The stock has a market cap of $17.66 billion, a P/E ratio of 15.49, a P/E/G ratio of 2.47 and a beta of 1.57. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a 1 year low of $178.21 and a 1 year high of $254.60. The business's 50-day simple moving average is $232.73 and its 200 day simple moving average is $219.67.

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.