DICK'S Sporting Goods, Inc. (NYSE:DKS) Stock Position Lifted by Todd Asset Management LLC

Todd Asset Management LLC raised its position in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,813 shares of the sporting goods retailer's stock after buying an additional 3,119 shares during the quarter. Todd Asset Management LLC owned 0.24% of DICK'S Sporting Goods worth $43,894,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Signaturefd LLC raised its position in DICK'S Sporting Goods by 13.3% in the third quarter. Signaturefd LLC now owns 979 shares of the sporting goods retailer's stock valued at $204,000 after purchasing an additional 115 shares during the last quarter. International Assets Investment Management LLC grew its position in DICK'S Sporting Goods by 19,851.3% in the 3rd quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock worth $43,512,000 after purchasing an additional 207,446 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of DICK'S Sporting Goods by 8.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,384 shares of the sporting goods retailer's stock worth $9,492,000 after purchasing an additional 3,585 shares during the period. Forsta AP Fonden grew its holdings in DICK'S Sporting Goods by 68.8% during the third quarter. Forsta AP Fonden now owns 21,100 shares of the sporting goods retailer's stock valued at $4,404,000 after purchasing an additional 8,600 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in DICK'S Sporting Goods by 16.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,099 shares of the sporting goods retailer's stock valued at $855,000 after buying an additional 581 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

DKS has been the topic of several research analyst reports. TD Cowen upped their price target on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Truist Financial increased their target price 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. Telsey Advisory Group reissued an "outperform" rating and set a $260.00 price objective on shares of DICK'S Sporting Goods in a research report on Tuesday, November 26th. Loop Capital boosted their price objective 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. Finally, Wedbush reiterated a "neutral" rating and set a $215.00 price target (down previously from $250.00) on shares of DICK'S Sporting Goods in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has a consensus rating of "Moderate Buy" and an average target price of $248.09.

Insiders Place Their Bets

In other news, Chairman Edward W. Stack sold 160,600 shares of the company's stock in a transaction on Monday, January 6th. The shares were 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 in the company, valued at approximately $1,917,017,844. This represents a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value 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 $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,933 shares of company stock valued at $39,655,456. Corporate insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DKS traded up $3.00 during mid-day trading on Friday, hitting $224.81. 997,178 shares of the company's stock were exchanged, compared to its average volume of 1,017,120. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The business's 50 day moving average is $233.10 and its two-hundred day moving average is $219.62. DICK'S Sporting Goods, Inc. has a fifty-two week low of $176.23 and a fifty-two week high of $254.60. The firm has a market capitalization of $18.32 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.47 and a beta of 1.57.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 EPS for the quarter, beating the consensus estimate of $2.68 by $0.07. DICK'S Sporting Goods had a net margin of 8.65% and a return on equity of 42.00%. The firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.03 billion. During the same quarter last year, the business earned $2.85 earnings per share. The business's revenue for the quarter was up .5% compared to the same quarter last year. On average, equities analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK'S Sporting Goods 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.