BW Gestao de Investimentos Ltda. Takes $23.21 Million Position in DICK’S Sporting Goods, Inc. $DKS

BW Gestao de Investimentos Ltda. acquired a new stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 104,428 shares of the sporting goods retailer’s stock, valued at approximately $23,206,000. DICK’S Sporting Goods accounts for about 1.0% of BW Gestao de Investimentos Ltda.’s holdings, making the stock its 16th biggest position. BW Gestao de Investimentos Ltda. owned about 0.13% of DICK’S Sporting Goods at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in DICK’S Sporting Goods by 44.1% during the third 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 in the last quarter. Norges Bank bought a new position in shares of DICK’S Sporting Goods in the second quarter valued at $136,483,000. Bank of New York Mellon Corp increased its holdings in shares of DICK’S Sporting Goods by 13.1% in the third 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 buying an additional 81,239 shares in the last quarter. National Pension Service lifted its position in shares of DICK’S Sporting Goods by 28.3% during the 3rd quarter. National Pension Service now owns 26,779 shares of the sporting goods retailer’s stock valued at $5,951,000 after acquiring an additional 5,914 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at $8,123,000. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Monday, December 29th. TD Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Barclays dropped their price target on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research note on Friday, November 28th. Morgan Stanley boosted their price objective on DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. 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 research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $238.37.

DICK’S Sporting Goods Price Performance

DKS opened at $196.31 on Tuesday. The stock has a fifty day moving average of $206.27 and a 200-day moving average of $214.94. The firm has a market capitalization of $17.66 billion, a P/E ratio of 15.79, a PEG ratio of 2.56 and a beta of 1.23. DICK’S Sporting Goods, Inc. has a 12-month low of $166.37 and a 12-month high of $237.31. 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 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.