DICK’S Sporting Goods, Inc. $DKS Stake Lifted by Primecap Management Co. CA

Primecap Management Co. CA boosted its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 34.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 24,850 shares of the sporting goods retailer’s stock after purchasing an additional 6,400 shares during the period. Primecap Management Co. CA’s holdings in DICK’S Sporting Goods were worth $5,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. AlphaQuest LLC grew its position in shares of DICK’S Sporting Goods by 299.1% during the second quarter. AlphaQuest LLC now owns 1,740 shares of the sporting goods retailer’s stock worth $344,000 after acquiring an additional 1,304 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $2,802,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in DICK’S Sporting Goods by 13.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 18,800 shares of the sporting goods retailer’s stock valued at $3,719,000 after purchasing an additional 2,200 shares during the period. Arkadios Wealth Advisors grew its position in DICK’S Sporting Goods by 21.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 9,117 shares of the sporting goods retailer’s stock worth $1,803,000 after purchasing an additional 1,598 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of DICK’S Sporting Goods by 875.6% in the second quarter. Hantz Financial Services Inc. now owns 400 shares of the sporting goods retailer’s stock valued at $79,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 3.9%

Shares of DKS stock opened at $203.27 on Friday. 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 cap of $18.29 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.74 and a beta of 1.23. The business’s fifty day moving average is $207.25 and its 200-day moving average is $216.07. 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 (NYSE:DKS) last announced its quarterly earnings data on Tuesday, November 25th. The sporting goods retailer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.16. DICK’S Sporting Goods had a return on equity of 30.55% and a net margin of 6.86%.The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.45 billion. During the same quarter in the prior year, the firm posted $2.75 earnings per share. The company’s revenue was up 36.3% on a year-over-year basis. Equities analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DKS. Telsey Advisory Group cut their price target on DICK’S Sporting Goods from $255.00 to $245.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Robert W. Baird set a $253.00 target price on DICK’S Sporting Goods in a research report on Wednesday, February 11th. TD Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Morgan Stanley increased their price target on DICK’S Sporting Goods from $253.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a research note on Sunday, January 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and a consensus 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.