Quantitative Systematic Strategies LLC purchased a new stake in Dick’s Sporting Goods Inc (NYSE:DKS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 27,310 shares of the sporting goods retailer’s stock, valued at approximately $1,545,000.
Several other large investors have also recently added to or reduced their stakes in DKS. Capstone Investment Advisors LLC purchased a new stake in Dick’s Sporting Goods during the second quarter valued at about $1,311,000. Passport Capital LLC bought a new stake in Dick’s Sporting Goods during the second quarter valued at about $578,000. Sabal Capital Management LLC bought a new stake in Dick’s Sporting Goods during the second quarter valued at about $1,343,000. Cleararc Capital Inc. bought a new stake in Dick’s Sporting Goods during the second quarter valued at about $1,866,000. Finally, GAM Holding AG boosted its stake in Dick’s Sporting Goods by 27.7% in the second quarter. GAM Holding AG now owns 472,055 shares of the sporting goods retailer’s stock valued at $21,271,000 after buying an additional 102,533 shares in the last quarter. 71.76% of the stock is currently owned by institutional investors.
Dick’s Sporting Goods Inc (NYSE:DKS) opened at 52.70 on Monday. Dick’s Sporting Goods Inc has a 1-year low of $36.06 and a 1-year high of $62.88. The stock has a market cap of $5.94 billion, a PE ratio of 18.24 and a beta of 0.65. The firm’s 50-day moving average price is $52.68 and its 200 day moving average price is $56.33.
Several research analysts recently commented on DKS shares. Zacks Investment Research upgraded shares of Dick’s Sporting Goods from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Thursday, December 8th. BMO Capital Markets restated an “outperform” rating and issued a $67.00 price target (up previously from $65.00) on shares of Dick’s Sporting Goods in a report on Wednesday, December 28th. Wedbush restated an “outperform” rating and issued a $65.00 price target on shares of Dick’s Sporting Goods in a report on Friday, December 2nd. B. Riley restated a “buy” rating and issued a $68.00 price target on shares of Dick’s Sporting Goods in a report on Friday, November 11th. Finally, Forward View set a $59.00 price target on shares of Dick’s Sporting Goods and gave the company a “buy” rating in a report on Monday, January 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $61.60.
In related news, EVP Lauren R. Hobart sold 24,015 shares of Dick’s Sporting Goods stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $58.45, for a total transaction of $1,403,676.75. Following the completion of the sale, the executive vice president now directly owns 57,930 shares of the company’s stock, valued at approximately $3,386,008.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Lee J. Belitsky sold 15,000 shares of Dick’s Sporting Goods stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $58.50, for a total value of $877,500.00. Following the sale, the chief financial officer now directly owns 131,623 shares of the company’s stock, valued at $7,699,945.50. The disclosure for this sale can be found here. Company insiders own 22.96% of the company’s stock.
About Dick’s 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 in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, as well as e-commerce Websites at www.DICKS.com, www.golfgalaxy.com, www.fieldandstreamshop.com and www.caliastudio.com.
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