DICK’S Sporting Goods, Inc. $DKS Shares Purchased by Primecap Management Co. CA

Primecap Management Co. CA raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 34.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,850 shares of the sporting goods retailer’s stock after buying an additional 6,400 shares during the period. Primecap Management Co. CA’s holdings in DICK’S Sporting Goods were worth $5,522,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DKS. AlphaQuest LLC boosted its holdings in DICK’S Sporting Goods by 299.1% in the second quarter. AlphaQuest LLC now owns 1,740 shares of the sporting goods retailer’s stock valued at $344,000 after purchasing an additional 1,304 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in DICK’S Sporting Goods during the 2nd quarter worth approximately $2,802,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of DICK’S Sporting Goods by 13.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 18,800 shares of the sporting goods retailer’s stock valued at $3,719,000 after purchasing an additional 2,200 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of DICK’S Sporting Goods by 21.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 9,117 shares of the sporting goods retailer’s stock valued at $1,803,000 after purchasing an additional 1,598 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of DICK’S Sporting Goods by 875.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 400 shares of the sporting goods retailer’s stock valued at $79,000 after buying an additional 359 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DKS has been the subject of a number of research analyst reports. TD Cowen restated a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Telsey Advisory Group decreased their price objective on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research report on Monday, January 5th. Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Barclays decreased their price target on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research note on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.37.

DICK’S Sporting Goods Trading Down 3.9%

DICK’S Sporting Goods stock opened at $203.27 on Friday. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $237.31. The firm’s 50-day moving average is $207.25 and its 200-day moving average is $216.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57. The company has a market cap of $18.29 billion, a P/E ratio of 16.35, a PEG ratio of 2.74 and a beta of 1.23.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.16. DICK’S Sporting Goods had a net margin of 6.86% and a return on equity of 30.55%. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The company’s revenue for the quarter was up 36.3% 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 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.