DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC grew its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 32.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,139 shares of the sporting goods retailer’s stock after acquiring an additional 1,507 shares during the quarter. Fidelis Capital Partners LLC’s holdings in DICK’S Sporting Goods were worth $1,319,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter valued at $28,000. Covestor Ltd boosted 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 acquiring an additional 55 shares during the last quarter. ORG Partners LLC purchased a new stake in DICK’S Sporting Goods during the 2nd quarter valued at about $30,000. Innealta Capital LLC acquired a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $31,000. Finally, Richardson Financial Services Inc. purchased a new position in DICK’S Sporting Goods in the 2nd quarter worth approximately $34,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the sale, the director now owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Trading Down 0.8 %

Shares of DKS stock opened at $212.52 on Friday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $239.30. The company has a 50 day moving average price of $215.89 and a 200 day moving average price of $210.49. The stock has a market capitalization of $17.32 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS 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 the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, September 20th. DICK’S Sporting Goods’s payout ratio is presently 36.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Truist Financial upped their price target on DICK’S Sporting Goods from $243.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. TD Cowen raised their target price on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Oppenheimer lifted their target price on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Finally, Barclays increased their price target on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Company 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.