DICK’S Sporting Goods, Inc. $DKS Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC lowered its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 23.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,950 shares of the sporting goods retailer’s stock after selling 33,675 shares during the period. Ceredex Value Advisors LLC owned approximately 0.14% of DICK’S Sporting Goods worth $24,433,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in DICK’S Sporting Goods by 17.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,719,011 shares of the sporting goods retailer’s stock valued at $1,493,099,000 after buying an additional 1,015,599 shares during the last quarter. Atreides Management LP purchased a new position in DICK’S Sporting Goods during the 2nd quarter worth $172,715,000. Norges Bank acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth $136,483,000. Browning West LP acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth $115,719,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of DICK’S Sporting Goods by 58.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,423,102 shares of the sporting goods retailer’s stock valued at $316,224,000 after acquiring an additional 523,809 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DKS shares. Barclays dropped their price target on shares of DICK’S Sporting Goods from $246.00 to $242.00 and set an “overweight” rating on the stock in a research note on Friday, November 28th. Robert W. Baird set a $253.00 price objective on DICK’S Sporting Goods in a report on Wednesday, February 11th. TD Cowen reiterated a “hold” rating on shares of DICK’S Sporting Goods in a research report on Wednesday, November 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $245.00 price target on shares of DICK’S Sporting Goods in a report on Monday. Finally, Wells Fargo & Company lifted their price target on DICK’S Sporting Goods from $220.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $238.37.

DICK’S Sporting Goods Trading Down 0.5%

Shares of DKS opened at $196.31 on Tuesday. DICK’S Sporting Goods, Inc. has a twelve month low of $166.37 and a twelve month high of $237.31. The company has a current ratio of 1.57, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $17.66 billion, a P/E ratio of 15.79, a PEG ratio of 2.56 and a beta of 1.23. The firm’s 50-day moving average is $206.27 and its two-hundred day moving average is $214.94.

DICK’S Sporting Goods Company 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.