Commerzbank Aktiengesellschaft FI Acquires New Holdings in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Commerzbank Aktiengesellschaft FI bought a new position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,679 shares of the sporting goods retailer's stock, valued at approximately $621,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Holocene Advisors LP purchased a new stake in shares of DICK'S Sporting Goods in the third quarter valued at about $70,562,000. KBC Group NV lifted its holdings in shares of DICK'S Sporting Goods by 887.3% in the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer's stock valued at $52,253,000 after purchasing an additional 225,015 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of DICK'S Sporting Goods by 1,718.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer's stock valued at $41,740,000 after purchasing an additional 189,000 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of DICK'S Sporting Goods in the third quarter valued at about $32,093,000. Finally, World Investment Advisors LLC purchased a new stake in shares of DICK'S Sporting Goods in the third quarter valued at about $29,991,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DKS has been the topic of several recent research reports. Wedbush reaffirmed a "neutral" rating and issued a $215.00 price target on shares of DICK'S Sporting Goods in a report on Thursday. Telsey Advisory Group reissued an "outperform" rating and set a $260.00 price objective on shares of DICK'S Sporting Goods in a research note on Friday. Argus upped their price objective on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Morgan Stanley upped their price objective on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Loop Capital upped their price objective on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $248.09.

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Insider Transactions at DICK'S Sporting Goods

In related news, Director Lawrence J. Schorr sold 7,333 shares of DICK'S Sporting Goods stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK'S Sporting Goods stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total transaction of $1,139,950.00. Following the completion of the sale, the executive vice president now owns 16,504 shares in the company, valued at approximately $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,933 shares of company stock worth $39,655,456. 32.03% of the stock is currently owned by insiders.

DICK'S Sporting Goods Trading Down 0.1 %

Shares of DICK'S Sporting Goods stock traded down $0.21 during trading hours on Friday, hitting $214.48. The company's stock had a trading volume of 2,015,444 shares, compared to its average volume of 1,077,740. The business has a fifty day moving average of $232.16 and a 200 day moving average of $219.62. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. DICK'S Sporting Goods, Inc. has a 1-year low of $178.21 and a 1-year high of $254.60. The company has a market capitalization of $17.47 billion, a PE ratio of 15.33, a P/E/G ratio of 2.47 and a beta of 1.53.

DICK'S Sporting Goods Profile

Dick's Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.