Fidelis Capital Partners LLC Purchases 179 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Fidelis Capital Partners LLC boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,057 shares of the sporting goods retailer’s stock after acquiring an additional 179 shares during the quarter. Fidelis Capital Partners LLC’s holdings in DICK’S Sporting Goods were worth $1,674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Holocene Advisors LP bought a new position in shares of DICK’S Sporting Goods during the 3rd quarter valued at $70,562,000. KBC Group NV boosted its holdings in DICK’S Sporting Goods by 887.3% in the third quarter. KBC Group NV now owns 250,374 shares of the sporting goods retailer’s stock worth $52,253,000 after purchasing an additional 225,015 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in DICK’S Sporting Goods by 1,718.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the sporting goods retailer’s stock worth $41,740,000 after buying an additional 189,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in DICK’S Sporting Goods during the third quarter valued at about $32,093,000. Finally, World Investment Advisors LLC acquired a new stake in shares of DICK’S Sporting Goods in the third quarter worth about $29,991,000. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

DKS opened at $224.81 on Monday. The stock’s 50 day simple moving average is $233.22 and its 200-day simple moving average is $219.84. The company has a current ratio of 1.72, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The stock has a market cap of $18.32 billion, a PE ratio of 16.07, a P/E/G ratio of 2.47 and a beta of 1.57. DICK’S Sporting Goods, Inc. has a 1 year low of $176.23 and a 1 year high of $254.60.

Analyst Ratings Changes

A number of research analysts have recently commented on DKS shares. Morgan Stanley increased their price objective on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group upgraded DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and increased their price target for the company from $225.00 to $260.00 in a report on Wednesday, November 27th. Argus boosted their price objective on shares of DICK’S Sporting Goods from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $260.00 target price on shares of DICK’S Sporting Goods in a research note on Tuesday, November 26th. Finally, TD Cowen boosted their target price on shares of DICK’S Sporting Goods from $270.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.09.

Insiders Place Their Bets

In related news, EVP Julie Lodge-Jarrett sold 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now owns 16,504 shares of the company’s stock, valued at $3,762,746.96. This represents a 23.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.55, for a total value of $1,697,956.15. Following the sale, the director now directly owns 50,997 shares in the company, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 172,933 shares of company stock worth $39,655,456 over the last 90 days. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Company Profile

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.