Andra AP fonden Purchases 10,613 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Andra AP fonden grew its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,800 shares of the sporting goods retailer’s stock after purchasing an additional 10,613 shares during the period. DICK’S Sporting Goods comprises about 0.8% of Andra AP fonden’s holdings, making the stock its 18th largest holding. Andra AP fonden’s holdings in DICK’S Sporting Goods were worth $50,070,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in DICK’S Sporting Goods during the third quarter worth about $27,000. New Wave Wealth Advisors LLC bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $28,000. True Wealth Design LLC lifted its stake 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 worth $31,000 after purchasing an additional 145 shares during the last quarter. Sound Income Strategies LLC lifted 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 purchasing an additional 118 shares during the last quarter. Finally, Promus Capital LLC bought a new stake in DICK’S Sporting Goods during the fourth quarter worth about $48,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 0.8 %

DKS stock opened at $214.86 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $178.21 and a fifty-two week high of $254.60. The business’s 50 day moving average price is $232.56 and its two-hundred day moving average price is $219.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.72. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57.

Analyst Ratings Changes

DKS has been the subject of several research analyst reports. UBS Group raised DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $225.00 to $260.00 in a research note on Wednesday, November 27th. Loop Capital boosted their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Wedbush reissued a “neutral” rating and issued a $215.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday. Telsey Advisory Group reissued an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Finally, Truist Financial boosted their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus price target of $248.09.

Insiders Place Their Bets

In related news, Chairman Edward W. Stack sold 160,600 shares of the company’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 sale, the chairman now owns 8,362,128 shares in the company, valued at $1,917,017,844. This represents a 1.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total value of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company’s stock.

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.