Andra AP fonden Sells 125,803 Shares of DICK’S Sporting Goods, Inc. $DKS

Andra AP fonden decreased its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 83.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,097 shares of the sporting goods retailer’s stock after selling 125,803 shares during the quarter. Andra AP fonden’s holdings in DICK’S Sporting Goods were worth $5,355,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Xponance Inc. boosted its holdings in shares of DICK’S Sporting Goods by 7.6% during the 3rd quarter. Xponance Inc. now owns 11,716 shares of the sporting goods retailer’s stock worth $2,604,000 after buying an additional 831 shares during the period. DNB Asset Management AS lifted its position in DICK’S Sporting Goods by 27.9% during the third quarter. DNB Asset Management AS now owns 12,724 shares of the sporting goods retailer’s stock worth $2,828,000 after acquiring an additional 2,773 shares during the last quarter. Choreo LLC bought a new stake in shares of DICK’S Sporting Goods during the third quarter worth approximately $1,345,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of DICK’S Sporting Goods by 27.5% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,162 shares of the sporting goods retailer’s stock valued at $14,258,000 after purchasing an additional 13,854 shares during the last quarter. Finally, Primecap Management Co. CA increased its stake in shares of DICK’S Sporting Goods by 34.7% during the third quarter. Primecap Management Co. CA now owns 24,850 shares of the sporting goods retailer’s stock worth $5,522,000 after purchasing an additional 6,400 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

DICK’S Sporting Goods Price Performance

DKS stock opened at $203.27 on Friday. The company’s 50-day moving average price is $207.25 and its two-hundred day moving average price is $216.02. The firm has a market cap of $18.29 billion, a P/E ratio of 16.35, a P/E/G ratio of 2.64 and a beta of 1.23. 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 12 month low of $166.37 and a 12 month high of $237.31.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Telsey Advisory Group reduced their price target on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Barclays reduced their target price on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating for the company in a research report on Friday, November 28th. Morgan Stanley raised their price target on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Finally, Wells Fargo & Company raised their target price on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued 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 a consensus target price of $238.37.

DICK’S Sporting Goods Company 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.