Fisher Asset Management LLC Trims Stake in DICK’S Sporting Goods, Inc. $DKS

Fisher Asset Management LLC cut its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 225,576 shares of the sporting goods retailer’s stock after selling 9,582 shares during the period. Fisher Asset Management LLC owned approximately 0.28% of DICK’S Sporting Goods worth $50,128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of DICK’S Sporting Goods by 17.8% during the third quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after buying an additional 1,015,599 shares during the period. Atreides Management LP bought a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $172,715,000. Bank of New York Mellon Corp boosted its holdings in DICK’S Sporting Goods by 13.1% during 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 period. Norges Bank bought a new position in DICK’S Sporting Goods in the 2nd quarter valued at $136,483,000. Finally, Marshall Wace LLP increased its stake in DICK’S Sporting Goods by 208.3% in the second quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock worth $122,639,000 after purchasing an additional 418,872 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on DKS shares. TD Cowen reissued a “hold” rating on shares of DICK’S Sporting Goods in a research note on Wednesday, November 26th. Morgan Stanley lifted their price objective on shares of DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. DA Davidson set a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Monday, January 12th. Wells Fargo & Company lifted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of DICK’S Sporting Goods in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.37.

DICK’S Sporting Goods Stock Down 1.2%

DICK’S Sporting Goods stock opened at $201.55 on Wednesday. The business has a fifty day moving average of $206.99 and a two-hundred day moving average of $215.66. The company has a quick ratio of 0.37, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market cap 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. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $237.31.

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.