Mitsubishi UFJ Asset Management Co. Ltd. Acquires 13,854 Shares of DICK’S Sporting Goods, Inc. $DKS

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 27.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,162 shares of the sporting goods retailer’s stock after purchasing an additional 13,854 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.08% of DICK’S Sporting Goods worth $14,258,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DKS. Vanguard Group Inc. raised its stake in DICK’S Sporting Goods by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock worth $1,493,099,000 after purchasing an additional 1,015,599 shares in the last quarter. Atreides Management LP bought a new position in shares of DICK’S Sporting Goods during the second quarter worth approximately $172,715,000. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $136,483,000. Browning West LP bought a new stake in shares of DICK’S Sporting Goods in the second quarter valued at approximately $115,719,000. Finally, Marshall Wace LLP grew its position in DICK’S Sporting Goods by 208.3% during the second quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock worth $122,639,000 after buying an additional 418,872 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $204.40 on Tuesday. The business has a 50-day moving average price of $207.12 and a two-hundred day moving average price of $215.82. DICK’S Sporting Goods, Inc. has a 1-year low of $166.37 and a 1-year high of $237.31. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $18.39 billion, a P/E ratio of 16.44, a PEG ratio of 2.64 and a beta of 1.23.

Analyst Upgrades and Downgrades

DKS has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. DA Davidson set a $260.00 price target on DICK’S Sporting Goods in a research note on Monday, January 12th. Robert W. Baird set a $253.00 price target on DICK’S Sporting Goods in a report on Wednesday, February 11th. TD Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Finally, Telsey Advisory Group decreased their target price on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat.com, DICK’S Sporting Goods has an average rating of “Moderate Buy” and an average target price of $238.37.

DICK’S Sporting Goods Profile

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.