Barings LLC lifted its holdings in shares of Dicks Sporting Goods Inc (NYSE:DKS) by 158.1% during the fourth quarter, Holdings Channel reports. The fund owned 58,600 shares of the sporting goods retailer’s stock after purchasing an additional 35,900 shares during the quarter. Barings LLC’s holdings in Dicks Sporting Goods were worth $1,684,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in DKS. Cerebellum GP LLC purchased a new stake in shares of Dicks Sporting Goods during the fourth quarter worth about $122,000. Toronto Dominion Bank increased its position in shares of Dicks Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock worth $126,000 after acquiring an additional 2,927 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Dicks Sporting Goods during the third quarter worth about $132,000. State of Alaska Department of Revenue purchased a new stake in shares of Dicks Sporting Goods during the fourth quarter worth about $188,000. Finally, Vicus Capital purchased a new stake in shares of Dicks Sporting Goods during the fourth quarter worth about $202,000. 74.20% of the stock is currently owned by institutional investors and hedge funds.
Dicks Sporting Goods Inc (NYSE:DKS) opened at $33.54 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28. Dicks Sporting Goods Inc has a 52 week low of $23.88 and a 52 week high of $52.89. The company has a market capitalization of $3,600.00, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61.
DKS has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $37.00 target price on shares of Dicks Sporting Goods in a research report on Thursday, November 2nd. Forward View upgraded Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, November 16th. Citigroup upgraded Dicks Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $35.00 in a research note on Tuesday, December 19th. Deutsche Bank upgraded Dicks Sporting Goods from a “hold” rating to a “buy” rating and lifted their price target for the stock from $33.00 to $39.00 in a research note on Friday, January 12th. Finally, Buckingham Research upgraded Dicks Sporting Goods from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 17th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $33.88.
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About Dicks Sporting Goods
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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