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

Fidelis Capital Partners LLC grew its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 32.5% during the second quarter, Holdings Channel reports. The firm owned 6,139 shares of the sporting goods retailer’s stock after purchasing an additional 1,507 shares during the period. Fidelis Capital Partners LLC’s holdings in DICK’S Sporting Goods were worth $1,319,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. purchased a new stake in DICK’S Sporting Goods in the second quarter valued at $183,000. Frank Rimerman Advisors LLC purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $214,000. Thrivent Financial for Lutherans boosted its position in shares of DICK’S Sporting Goods by 21.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 17,657 shares of the sporting goods retailer’s stock valued at $3,794,000 after purchasing an additional 3,079 shares during the period. Sei Investments Co. boosted its position in shares of DICK’S Sporting Goods by 71.8% in the 2nd quarter. Sei Investments Co. now owns 45,917 shares of the sporting goods retailer’s stock valued at $9,864,000 after purchasing an additional 19,191 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in DICK’S Sporting Goods by 13.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,464 shares of the sporting goods retailer’s stock worth $315,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $212.52 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $239.30. The company has a 50-day simple moving average of $215.89 and a 200-day simple moving average of $210.49. The company has a market capitalization of $17.32 billion, a PE ratio of 17.59, a P/E/G ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The company 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 revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $2.82 EPS. Equities research analysts predict that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

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

Insider Activity

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’s stock in a transaction dated 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 directly owns 5,609 shares in the company, valued at approximately $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 32.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DKS shares. JPMorgan Chase & Co. increased their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Citigroup reduced their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Oppenheimer raised their price objective on shares of DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Wells Fargo & Company reduced their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Finally, Telsey Advisory Group boosted their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $244.62.

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.