Dimensional Fund Advisors LP Increases Stock Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Dimensional Fund Advisors LP boosted its stake in DICK'S by 58.2% during the third quarter to 1,423,102 shares, worth $316.224 million and representing 1.78% of the company.
• Other large institutions also increased exposure (Vanguard added 1,015,599 shares to hold 6,719,011 shares worth about $1.493 billion), and overall institutional ownership stands at 89.83%.
• Analysts have a consensus rating of Moderate Buy on DKS with a consensus price target of $238.37 (breakdown: 1 Strong Buy, 10 Buy, 9 Hold, 1 Sell).

Dimensional Fund Advisors LP boosted its holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 58.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,423,102 shares of the sporting goods retailer's stock after acquiring an additional 523,809 shares during the quarter. Dimensional Fund Advisors LP owned 1.78% of DICK'S Sporting Goods worth $316,224,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DKS. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 1,015,599 shares in the last quarter. Atreides Management LP bought a new stake in DICK'S Sporting Goods in the 2nd quarter worth about $172,715,000. Bank of New York Mellon Corp raised its position in DICK'S Sporting Goods by 13.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 699,747 shares of the sporting goods retailer's stock worth $155,498,000 after buying an additional 81,239 shares during the last quarter. Norges Bank bought a new position in DICK'S Sporting Goods during the 2nd quarter valued at about $136,483,000. Finally, Marshall Wace LLP boosted its holdings in shares of DICK'S Sporting Goods by 208.3% during the 2nd quarter. Marshall Wace LLP now owns 619,985 shares of the sporting goods retailer's stock valued at $122,639,000 after acquiring an additional 418,872 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of DICK'S Sporting Goods in a report on Monday, January 5th. Robert W. Baird set a $253.00 target price on shares of DICK'S Sporting Goods in a research note on Wednesday, February 11th. Weiss Ratings restated a "hold (c+)" rating on shares of DICK'S Sporting Goods in a research note on Monday, December 29th. Barclays cut their price objective on 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. Finally, Wells Fargo & Company increased their target price on DICK'S Sporting Goods from $220.00 to $225.00 and gave the company 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 given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and a consensus price target of $238.37.

DICK'S Sporting Goods Trading Up 0.7%

NYSE:DKS opened at $201.78 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 0.37. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.60 and a beta of 1.23. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $237.31. The business has a fifty day moving average price of $206.66 and a 200-day moving average price of $215.46.

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.

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