DICK'S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Candriam S.C.A.

Candriam S.C.A. grew its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 1,017.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,623 shares of the sporting goods retailer's stock after acquiring an additional 72,500 shares during the period. Candriam S.C.A. owned 0.10% of DICK'S Sporting Goods worth $18,221,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Holocene Advisors LP bought a new position in shares of DICK'S Sporting Goods during the third quarter valued at approximately $70,562,000. KBC Group NV boosted its stake in shares of DICK'S Sporting Goods by 887.3% during 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 boosted its stake in shares of DICK'S Sporting Goods by 1,718.2% during 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 bought a new position in shares of DICK'S Sporting Goods during the third quarter valued at approximately $32,093,000. Finally, World Investment Advisors LLC purchased a new stake in DICK'S Sporting Goods during the third quarter valued at approximately $29,991,000. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. TD Cowen increased their target price on shares of DICK'S Sporting Goods from $270.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley increased their target price on shares of DICK'S Sporting Goods from $245.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Wedbush reissued a "neutral" rating and set a $215.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday. Argus increased their target price on shares of DICK'S Sporting Goods from $255.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Loop Capital increased their target price on shares of DICK'S Sporting Goods from $220.00 to $225.00 and gave the company a "hold" rating in a research report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $248.09.

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Insider Transactions at DICK'S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value 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 $3,762,746.96. This trade represents a 23.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence J. Schorr sold 7,333 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the completion of the sale, the director now owns 50,997 shares of the company's stock, valued at $11,808,355.35. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,933 shares of company stock worth $39,655,456. Company insiders own 32.03% of the company's stock.

DICK'S Sporting Goods Stock Performance

NYSE:DKS traded down $0.21 during trading hours on Friday, reaching $214.48. 2,015,444 shares of the company's stock were exchanged, compared to its average volume of 1,077,740. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 2.47 and a beta of 1.53. The company has a 50-day moving average of $231.77 and a 200 day moving average of $219.50. 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.

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.