DICK’S Sporting Goods, Inc. $DKS Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 61,859 shares of the sporting goods retailer’s stock after acquiring an additional 6,790 shares during the quarter. Intech Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $13,746,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DKS. TD Asset Management Inc raised its position in shares of DICK’S Sporting Goods by 89.6% in the 3rd quarter. TD Asset Management Inc now owns 11,737 shares of the sporting goods retailer’s stock valued at $2,608,000 after purchasing an additional 5,548 shares during the last quarter. Cozad Asset Management Inc. increased its stake in DICK’S Sporting Goods by 1.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 12,042 shares of the sporting goods retailer’s stock valued at $2,676,000 after purchasing an additional 119 shares in the last quarter. Compound Planning Inc. raised its holdings in shares of DICK’S Sporting Goods by 26.1% in the third quarter. Compound Planning Inc. now owns 1,342 shares of the sporting goods retailer’s stock worth $298,000 after buying an additional 278 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of DICK’S Sporting Goods by 36.4% in the third quarter. EverSource Wealth Advisors LLC now owns 236 shares of the sporting goods retailer’s stock worth $52,000 after buying an additional 63 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its stake in shares of DICK’S Sporting Goods by 46.9% during the third quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock worth $32,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley upped their target price on DICK’S Sporting Goods from $253.00 to $260.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Robert W. Baird set a $253.00 price objective on DICK’S Sporting Goods in a report on Wednesday, February 11th. TD Cowen reaffirmed a “hold” rating on shares of DICK’S Sporting Goods in a report on Wednesday, November 26th. Barclays dropped their target price on DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research report on Friday, November 28th. Finally, Wall Street Zen upgraded shares of DICK’S Sporting Goods from a “sell” rating to a “hold” rating in a report on Sunday, January 25th. One equities 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.37.

DICK’S Sporting Goods Stock Down 1.3%

Shares of DKS opened at $211.99 on Friday. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week 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. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.79 and a beta of 1.23. The stock’s 50-day moving average price is $207.43 and its 200-day moving average price is $216.13.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings results 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 company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.45 billion. During the same period last year, the business earned $2.75 earnings per share. DICK’S Sporting Goods’s quarterly revenue was up 36.3% on a year-over-year basis. On average, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current year.

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.