Fidelis Capital Partners LLC Invests $272,000 in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fidelis Capital Partners LLC acquired a new position in DICK’S Sporting Goods, Inc. (NYSE:DKSFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,851 shares of the sporting goods retailer’s stock, valued at approximately $272,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in DICK’S Sporting Goods by 1,305.5% during the fourth quarter. SG Americas Securities LLC now owns 5,917 shares of the sporting goods retailer’s stock valued at $870,000 after acquiring an additional 5,496 shares in the last quarter. First Hawaiian Bank purchased a new position in DICK’S Sporting Goods during the fourth quarter valued at $695,000. Pacer Advisors Inc. grew its stake in DICK’S Sporting Goods by 4.5% during the fourth quarter. Pacer Advisors Inc. now owns 817,300 shares of the sporting goods retailer’s stock valued at $120,102,000 after acquiring an additional 34,942 shares in the last quarter. Amalgamated Bank grew its stake in DICK’S Sporting Goods by 20.2% during the third quarter. Amalgamated Bank now owns 47,899 shares of the sporting goods retailer’s stock valued at $5,201,000 after acquiring an additional 8,061 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in DICK’S Sporting Goods by 237.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 16,814 shares of the sporting goods retailer’s stock valued at $1,802,000 after acquiring an additional 11,832 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Trading Down 0.1 %

Shares of DKS opened at $195.08 on Friday. DICK’S Sporting Goods, Inc. has a 1-year low of $100.98 and a 1-year high of $225.79. The company has a 50-day moving average of $194.84 and a 200 day moving average of $153.12. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 2.37 and a beta of 1.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.78 and a quick ratio of 0.74.

DICK’S Sporting Goods (NYSE:DKSGet Free Report) last announced its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.35 by $0.50. The company had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. DICK’S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $2.93 EPS. On average, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.26 EPS for the current year.

DICK’S Sporting Goods Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $1.10 per share. This is an increase from DICK’S Sporting Goods’s previous quarterly dividend of $1.00. The ex-dividend date was Wednesday, March 27th. This represents a $4.40 dividend on an annualized basis and a yield of 2.26%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.12%.

Insider Buying and Selling at DICK’S Sporting Goods

In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the transaction, the chief executive officer now owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other DICK’S Sporting Goods news, CEO Lauren R. Hobart sold 40,167 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $223.95, for a total transaction of $8,995,399.65. Following the transaction, the chief executive officer now owns 280,136 shares of the company’s stock, valued at approximately $62,736,457.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Navdeep Gupta sold 16,211 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $222.00, for a total transaction of $3,598,842.00. Following the transaction, the chief financial officer now directly owns 87,628 shares in the company, valued at approximately $19,453,416. The disclosure for this sale can be found here. In the last quarter, insiders have sold 209,763 shares of company stock valued at $46,483,438. Company insiders own 30.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DKS. Stifel Nicolaus increased their price objective on shares of DICK’S Sporting Goods from $126.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Loop Capital increased their price objective on shares of DICK’S Sporting Goods from $150.00 to $220.00 and gave the company a “hold” rating in a research report on Monday, March 18th. Truist Financial increased their price objective on shares of DICK’S Sporting Goods from $201.00 to $243.00 and gave the company a “buy” rating in a research report on Friday, March 15th. The Goldman Sachs Group increased their price objective on shares of DICK’S Sporting Goods from $157.00 to $247.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, UBS Group increased their price objective on shares of DICK’S Sporting Goods from $142.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $208.64.

View Our Latest Report on DICK’S Sporting Goods

DICK’S Sporting Goods Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DICK'S Sporting Goods (NYSE:DKS)

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