DNB Asset Management AS Has $2.83 Million Stock Holdings in DICK’S Sporting Goods, Inc. $DKS

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

A number of other institutional investors have also recently bought and sold shares of DKS. Vanguard Group Inc. increased 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 worth $1,493,099,000 after acquiring an additional 1,015,599 shares in the last quarter. Atreides Management LP acquired a new position in DICK’S Sporting Goods in the 2nd quarter worth $172,715,000. Norges Bank bought a new position in DICK’S Sporting Goods during the 2nd quarter worth about $136,483,000. Browning West LP acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $115,719,000. Finally, Marshall Wace LLP raised its stake in shares of DICK’S Sporting Goods by 208.3% in the 2nd quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer’s stock valued at $122,639,000 after purchasing an additional 418,872 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

DKS has been the subject of a number of research reports. Wall Street Zen upgraded DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of DICK’S Sporting Goods in a research report on Monday, December 29th. Robert W. Baird set a $253.00 price target on shares of DICK’S Sporting Goods in a research note on Wednesday, February 11th. Wells Fargo & Company boosted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 26th. Finally, 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 report on Friday, November 28th. One equities 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $238.37.

DICK’S Sporting Goods Trading Down 1.2%

Shares of DICK’S Sporting Goods stock opened at $201.55 on Wednesday. The stock 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. 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. The business’s 50 day moving average is $206.99 and its 200-day moving average is $215.66.

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.