988 Shares in DICK’S Sporting Goods, Inc. $DKS Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC bought a new position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 988 shares of the sporting goods retailer’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DKS. Searle & CO. acquired a new stake in shares of DICK’S Sporting Goods during the second quarter worth $247,000. CSM Advisors LLC increased its holdings in DICK’S Sporting Goods by 5.1% during the 2nd quarter. CSM Advisors LLC now owns 58,592 shares of the sporting goods retailer’s stock worth $11,591,000 after purchasing an additional 2,820 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of DICK’S Sporting Goods in the 2nd quarter valued at about $1,263,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of DICK’S Sporting Goods by 13.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 50,308 shares of the sporting goods retailer’s stock valued at $9,951,000 after purchasing an additional 5,911 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of DICK’S Sporting Goods by 5.9% during the second quarter. Aviva PLC now owns 39,815 shares of the sporting goods retailer’s stock worth $7,876,000 after buying an additional 2,206 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lauren R. Hobart sold 20,083 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $220.69, for a total value of $4,432,117.27. Following the transaction, the chief executive officer directly owned 299,990 shares of the company’s stock, valued at $66,204,793.10. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 32.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DKS shares. BNP Paribas set a $177.00 target price on DICK’S Sporting Goods and gave the company an “underperform” rating in a research report on Friday, September 26th. Oppenheimer reiterated an “outperform” rating and issued a $270.00 price objective on shares of DICK’S Sporting Goods in a report on Friday, August 29th. Truist Financial boosted their price objective on shares of DICK’S Sporting Goods from $248.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. DA Davidson raised their target price on shares of DICK’S Sporting Goods from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Citigroup upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $225.00 to $280.00 in a research note on Tuesday, September 9th. Twelve analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $234.29.

DICK’S Sporting Goods Trading Down 0.8%

DICK’S Sporting Goods stock opened at $217.76 on Wednesday. The stock has a 50-day simple moving average of $224.52 and a 200 day simple moving average of $208.27. The stock has a market capitalization of $17.44 billion, a P/E ratio of 15.21, a PEG ratio of 3.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70. DICK’S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $0.08. DICK’S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the company earned $4.37 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. DICK’S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. Analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $1.2125 per share. This represents a $4.85 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. DICK’S Sporting Goods’s payout ratio is 33.87%.

About DICK’S Sporting Goods

DICK’s Sporting Goods, Inc engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA.