Copeland Capital Management LLC Grows Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Copeland Capital Management LLC raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.0% in the third quarter, Holdings Channel reports. The institutional investor owned 166,973 shares of the sporting goods retailer’s stock after buying an additional 3,285 shares during the quarter. Copeland Capital Management LLC’s holdings in DICK’S Sporting Goods were worth $34,847,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of DICK’S Sporting Goods in the second quarter worth approximately $28,000. Covestor Ltd boosted its stake in DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 55 shares during the period. ORG Partners LLC purchased a new position in DICK’S Sporting Goods during the second quarter valued at $30,000. ORG Wealth Partners LLC bought a new stake in shares of DICK’S Sporting Goods in the third quarter worth about $30,000. Finally, Innealta Capital LLC purchased a new stake in shares of DICK’S Sporting Goods during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

DKS has been the topic of several analyst reports. 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. Wells Fargo & Company decreased their price target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Telsey Advisory Group lifted their price objective on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their target price on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, UBS Group lifted their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DICK’S Sporting Goods has a consensus rating of “Moderate Buy” and a consensus price target of $244.62.

DICK’S Sporting Goods Stock Performance

Shares of DKS opened at $213.71 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77. The stock has a 50-day moving average of $216.97 and a two-hundred day moving average of $210.71. The stock has a market cap of $17.42 billion, a P/E ratio of 17.69, a P/E/G ratio of 2.31 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.06%. DICK’S Sporting Goods’s payout ratio is currently 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.