DICK’S Sporting Goods, Inc. $DKS Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 139.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412,661 shares of the sporting goods retailer’s stock after buying an additional 240,272 shares during the quarter. American Century Companies Inc. owned about 0.52% of DICK’S Sporting Goods worth $91,702,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in DICK’S Sporting Goods by 44.1% in the 3rd quarter. Principal Financial Group Inc. now owns 321,854 shares of the sporting goods retailer’s stock worth $71,525,000 after buying an additional 98,557 shares during the period. Norges Bank acquired a new stake in DICK’S Sporting Goods during the 2nd quarter valued at approximately $136,483,000. Bank of New York Mellon Corp boosted its holdings in shares of DICK’S Sporting Goods by 13.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer’s stock valued at $155,498,000 after acquiring an additional 81,239 shares during the last quarter. National Pension Service increased its stake in shares of DICK’S Sporting Goods by 28.3% in the third quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock worth $5,951,000 after acquiring an additional 5,914 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of DICK’S Sporting Goods in the third quarter worth $8,123,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DICK’S Sporting Goods stock opened at $201.55 on Wednesday. The company’s fifty day moving average price is $206.99 and its 200 day moving average price is $215.66. DICK’S Sporting Goods, Inc. has a 1 year low of $166.37 and a 1 year high of $237.31. The stock has a market capitalization of $18.13 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.65 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57.

Analyst Ratings Changes

DKS has been the subject of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Monday, December 29th. Barclays reduced their price objective 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. Wells Fargo & Company upped their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 26th. DA Davidson set a $260.00 target price on DICK’S Sporting Goods in a report on Monday, January 12th. Finally, Robert W. Baird set a $253.00 price target on DICK’S Sporting Goods in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.37.

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.