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

Copeland Capital Management LLC raised its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,973 shares of the sporting goods retailer’s stock after acquiring an additional 3,285 shares during the quarter. Copeland Capital Management LLC owned approximately 0.20% of DICK’S Sporting Goods worth $34,847,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DKS. Park Avenue Securities LLC purchased a new stake in shares of DICK’S Sporting Goods in the first quarter valued at about $290,000. Global Assets Advisory LLC purchased a new position in DICK’S Sporting Goods during the first quarter worth about $4,440,000. Counterpoint Mutual Funds LLC purchased a new position in shares of DICK’S Sporting Goods during the 1st quarter worth about $688,000. Future Financial Wealth Managment LLC acquired a new position in shares of DICK’S Sporting Goods in the 1st quarter valued at $143,000. Finally, Transform Wealth LLC purchased a new stake in DICK’S Sporting Goods during the first quarter valued at about $1,544,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays boosted their price objective on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Robert W. Baird restated a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Loop Capital increased their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Bank of America boosted their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Finally, DA Davidson reissued a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Down 2.3 %

Shares of NYSE DKS opened at $213.71 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. DICK’S Sporting Goods, Inc. has a 1 year low of $100.98 and a 1 year high of $239.30. The company has a 50 day simple moving average of $216.97 and a 200 day simple moving average of $210.71. The firm has a market cap of $17.42 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 2.31 and a beta of 1.62.

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 for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.82 EPS. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.06%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio 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.