Fidelis Capital Partners LLC Grows Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fidelis Capital Partners LLC boosted its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,878 shares of the sporting goods retailer’s stock after buying an additional 739 shares during the period. Fidelis Capital Partners LLC’s holdings in DICK’S Sporting Goods were worth $1,415,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new position in DICK’S Sporting Goods in the second quarter worth approximately $28,000. Covestor Ltd boosted its position in DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. ORG Partners LLC purchased a new position in shares of DICK’S Sporting Goods during the second quarter worth $30,000. ORG Wealth Partners LLC purchased a new position in shares of DICK’S Sporting Goods during the 3rd quarter valued at about $30,000. Finally, Innealta Capital LLC acquired a new position in DICK’S Sporting Goods in the second quarter valued at approximately $31,000. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DKS. Robert W. Baird reiterated a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Loop Capital increased their price objective on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company reduced their price target on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Bank of America increased their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Evercore ISI restated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Trading Down 1.5 %

Shares of DICK’S Sporting Goods stock opened at $202.19 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $215.18 and its 200-day moving average is $210.68. The stock has a market cap of $16.48 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.31 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a 12-month low of $102.25 and a 12-month high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.60. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.82 EPS. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

DICK’S Sporting Goods Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.