DNB Asset Management AS Buys 2,773 Shares of DICK’S Sporting Goods, Inc. $DKS

DNB Asset Management AS lifted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 27.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,724 shares of the sporting goods retailer’s stock after purchasing an additional 2,773 shares during the period. DNB Asset Management AS’s holdings in DICK’S Sporting Goods were worth $2,828,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DKS. Hantz Financial Services Inc. increased its stake in shares of DICK’S Sporting Goods by 875.6% in 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 period. Atria Investments Inc boosted its holdings in DICK’S Sporting Goods by 23.2% in the second quarter. Atria Investments Inc now owns 3,480 shares of the sporting goods retailer’s stock valued at $688,000 after acquiring an additional 655 shares during the last quarter. Strs Ohio increased its position in DICK’S Sporting Goods by 72.5% in the second quarter. Strs Ohio now owns 8,794 shares of the sporting goods retailer’s stock worth $1,740,000 after purchasing an additional 3,696 shares during the period. Sigma Planning Corp increased its position in DICK’S Sporting Goods by 4.1% in the second quarter. Sigma Planning Corp now owns 2,485 shares of the sporting goods retailer’s stock worth $491,000 after purchasing an additional 97 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in DICK’S Sporting Goods by 389.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 230 shares of the sporting goods retailer’s stock worth $45,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DKS. TD Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Barclays cut their price objective on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a report on Monday, December 29th. Telsey Advisory Group dropped their target price on shares of DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Finally, Morgan Stanley increased their price target on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $238.37.

DICK’S Sporting Goods Trading Down 1.2%

DKS opened at $201.55 on Wednesday. The firm’s fifty day moving average is $206.99 and its two-hundred day moving average is $215.66. The firm has a market cap of $18.13 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.65 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 debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 1.57.

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.