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

Fidelis Capital Partners LLC boosted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 12.0% during the third 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 acquiring an additional 739 shares during the period. Fidelis Capital Partners LLC’s holdings in DICK’S Sporting Goods were worth $1,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. ICA Group Wealth Management LLC purchased a new stake in DICK’S Sporting Goods in the 2nd quarter worth approximately $28,000. Covestor Ltd grew its position in DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares in the last quarter. ORG Partners LLC purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. ORG Wealth Partners LLC bought a new stake in shares of DICK’S Sporting Goods during the 3rd quarter valued at about $30,000. Finally, Innealta Capital LLC purchased a new position in shares of DICK’S Sporting Goods during the second quarter worth about $31,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DKS. Bank of America lifted their target price on shares of DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Barclays raised their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. TD Cowen increased their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Telsey Advisory Group upped their price objective on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, DA Davidson reissued a “buy” rating and issued a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $244.62.

DICK’S Sporting Goods Trading Down 1.5 %

Shares of DKS opened at $202.19 on Wednesday. DICK’S Sporting Goods, Inc. has a 1-year low of $102.25 and a 1-year high of $239.30. The company has a current ratio of 1.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $215.18 and its 200-day moving average price is $210.68. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 2.31 and a beta of 1.62.

DICK’S Sporting Goods (NYSE:DKS) last announced its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.60. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.82 EPS. Sell-side analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis 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%.

About DICK’S Sporting Goods

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.