Jafra Capital Management LP purchased a new position in shares of Dicks Sporting Goods Inc (NYSE:DKS) in the fourth quarter, Holdings Channel reports. The fund purchased 30,000 shares of the sporting goods retailer’s stock, valued at approximately $862,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its position in Dicks Sporting Goods by 812.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,469,346 shares of the sporting goods retailer’s stock worth $70,969,000 after acquiring an additional 2,198,746 shares during the period. Renaissance Technologies LLC lifted its position in Dicks Sporting Goods by 29.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,041,800 shares of the sporting goods retailer’s stock worth $58,681,000 after acquiring an additional 466,700 shares during the period. Okumus Fund Management Ltd. acquired a new stake in Dicks Sporting Goods during the 3rd quarter worth about $46,406,000. Dimensional Fund Advisors LP lifted its position in Dicks Sporting Goods by 58.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock worth $46,379,000 after acquiring an additional 636,186 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Dicks Sporting Goods by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,669,928 shares of the sporting goods retailer’s stock worth $47,995,000 after acquiring an additional 4,794 shares during the period. 70.22% of the stock is owned by institutional investors.
Dicks Sporting Goods Inc (NYSE DKS) opened at $31.92 on Friday. 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 $52.31. The firm has a market capitalization of $3,386.42, a PE ratio of 11.78, a P/E/G ratio of 1.84 and a beta of 0.56.
A number of brokerages have commented on DKS. BMO Capital Markets set a $40.00 price target on Dicks Sporting Goods and gave the stock a “buy” rating in a research report on Thursday, January 11th. Canaccord Genuity set a $33.00 price target on Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Friday. Citigroup lowered their price target on Dicks Sporting Goods from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, November 16th. Telsey Advisory Group raised Dicks Sporting Goods from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $25.00 to $42.00 in a research report on Thursday, January 25th. Finally, Zacks Investment Research raised Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $33.96.
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Dicks Sporting Goods Company Profile
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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