Hsbc Holdings PLC Has $1.20 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Hsbc Holdings PLC reduced its holdings of DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) stock by 71.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,361 shares of the sporting goods retailer after selling 28,350 shares during the quarter. Hsbc Holdings PLC’s holdings in DICK’S Sporting Goods were valued at $1,202,000 at the end of the most recent quarter.

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Several other hedge funds have also recently bought and sold shares of DKS. Renaissance Technologies LLC increased its position in DICK’S Sporting Goods by 1,226.2% during the second quarter. Renaissance Technologies LLC now owns 1,209,479 shares of the sporting goods retailer, valued at $91,158,000, after purchasing an additional 1,118,279 shares last quarter. AQR Capital Management LLC increased its position in shares of DICK’S Sporting Goods by 155.1% during the second quarter. AQR Capital Management LLC now owns 636,689 shares of the sporting goods retailer worth $47,446,000 after purchasing an additional 387,139 shares last quarter. Wedge Capital Management LLP NC increased its position in shares of DICK’S Sporting Goods by 11,189.7% during the third quarter. Wedge Capital Management LLP NC now owns 348,739 shares of the sporting goods retailer worth $36,492,000 after purchasing an additional 345,650 shares last quarter. Millennium Management LLC increased its position in shares of DICK’S Sporting Goods by 255.8% during the second quarter. Millennium Management LLC now owns 413,996 shares of the sporting goods retailer, valued at $31,203,000, after purchasing an additional 297,647 shares last quarter. Finally, Fiera Capital Corp increased its position in shares of DICK’S Sporting Goods by 43.5% during the second quarter. Fiera Capital Corp now owns 600,006 shares of the sporting goods retailer, valued at $45,223,000, after buying an additional 181,836 shares last quarter. 75.08% of the shares are owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Performance

NYSE DKS opened at $128.69 on Thursday. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 2.17 and a beta of 1.40. The company has a 50-day moving average of $126.45 and a 200-day moving average of $116.84. The company has a current ratio of 1.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.69. DICK’S Sporting Goods, Inc. has a 1 year low of $63.45 and a 1 year high of $138.43.

Analysts set new price targets

DKS has been the subject of several research analyst reports. Gordon Haskett upgraded DICK’s Sporting Goods from a “hold” rating to a “buy” rating and issued a research report on Tuesday, November 22nd naming a price target of $135.00 for the stock. The Telsey Advisory Group raised its target price on DICK’S Sporting Goods to $135.00 from $125.00 and gave the company an outperform rating in a research report on Wednesday, November 23. Citigroup downgraded DICK’s Sporting Goods from a “buy” rating to a “neutral” rating in a research report Tuesday and lowered its price target on the company to $140.00 from $143.00. UBS Group raised its price target for shares of DICK’S Sporting Goods from USD 120.00 to USD 130.00 and rated the company “neutral” in a research note on Friday 6 January. Finally, Morgan Stanley raised its target price on shares of DICK’S Sporting Goods to $165.00 from $135.00 and gave the company an “Overweight” rating in a research note on Monday, January 9th. Eight investment analysts have rated the stock with a hold and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $138.90.

Insider Transactions at DICK’S Sporting Goods

In related news, EVP Vladimir Rak sold 29,144 shares of the company in a transaction that took place on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total value of $3,276,659.92. Following the completion of the sale, the Executive Vice President now owns 48,260 shares of the Company, valued at $5,425,871.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC’s website. In related news, EVP Vladimir Rak sold 29,144 shares of the company in a transaction that took place on Wednesday, December 21st. The shares sold at an average price of $112.43 for a total value of $3,276,659.92. Following the completion of the sale, the Executive Vice President now owns 48,260 shares of the Company, valued at $5,425,871.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC’s website. In addition, SVP John Edward Hayes III sold 1,000 shares of the company in a transaction that took place on Friday, December 9th. The shares sold at an average price of $120.57 for a total transaction of $120,570.00. Upon completion of the sale, the senior vice president now directly owns 26,231 shares of the company, valued at approximately $3,162,671.67. The disclosure for this sale can be found here. Company insiders own 32.83% of the company’s shares.

About DICK’S sporting goods

(received rating)

Dick’s Sporting Goods, Inc retails an extensive line of authentic athletic equipment, apparel, footwear and accessories through a blend of associates, in-store services and unique shop-in-shops. The company was founded in 1948 by Richard T. Stack and is headquartered in Coraopolis, PA.

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