First Trust Advisors LP Decreases Stake in DICK’S Sporting Goods, Inc. $DKS

First Trust Advisors LP reduced its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 16.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 307,925 shares of the sporting goods retailer’s stock after selling 61,316 shares during the quarter. First Trust Advisors LP’s holdings in DICK’S Sporting Goods were worth $68,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of 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 valued at $1,493,099,000 after acquiring an additional 1,015,599 shares during the last quarter. Atreides Management LP purchased a new position in shares of DICK’S Sporting Goods during the second quarter worth $172,715,000. Norges Bank acquired a new position in DICK’S Sporting Goods during the second quarter valued at $136,483,000. Browning West LP purchased a new stake in DICK’S Sporting Goods in the second quarter valued at $115,719,000. Finally, Dimensional Fund Advisors LP grew its position in DICK’S Sporting Goods by 58.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock worth $316,224,000 after purchasing an additional 523,809 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a report on Monday, January 5th. Morgan Stanley boosted their price target on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research report on Sunday, January 25th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $245.00 price objective on shares of DICK’S Sporting Goods in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.37.

DICK’S Sporting Goods Stock Down 0.9%

DKS opened at $194.23 on Wednesday. The company has a market cap of $17.47 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.54 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $237.31. The company has a 50-day moving average price of $206.18 and a 200 day moving average price of $214.71. 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 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.