DICK’S Sporting Goods, Inc. $DKS Shares Purchased by TD Asset Management Inc

TD Asset Management Inc increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 89.6% in the third quarter, HoldingsChannel.com reports. The firm owned 11,737 shares of the sporting goods retailer’s stock after buying an additional 5,548 shares during the period. TD Asset Management Inc’s holdings in DICK’S Sporting Goods were worth $2,608,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC lifted its stake in DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 46 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of DICK’S Sporting Goods in the 3rd quarter valued at $33,000. Westside Investment Management Inc. lifted its stake in DICK’S Sporting Goods by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock worth $35,000 after acquiring an additional 76 shares in the last quarter. Mather Group LLC. acquired a new position in DICK’S Sporting Goods during the 3rd quarter worth about $39,000. Finally, Atlantic Union Bankshares Corp purchased a new position in DICK’S Sporting Goods during the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Telsey Advisory Group cut their price target on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Wall Street Zen raised shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Barclays reduced their target price on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a report on Friday, November 28th. DA Davidson set a $260.00 price target on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Finally, TD Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and a consensus target price of $238.37.

DICK’S Sporting Goods Stock Down 0.7%

Shares of DICK’S Sporting Goods stock opened at $200.04 on Thursday. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. DICK’S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $237.31. The company has a market capitalization of $18.00 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.61 and a beta of 1.23. The company has a 50 day moving average of $206.81 and a 200 day moving average of $215.55.

About DICK’S Sporting Goods

DICK’S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK’S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.