Copeland Capital Management LLC Has $34.85 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Copeland Capital Management LLC increased its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,973 shares of the sporting goods retailer's stock after purchasing an additional 3,285 shares during the quarter. Copeland Capital Management LLC owned 0.20% of DICK'S Sporting Goods worth $34,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new stake in shares of DICK'S Sporting Goods in the second quarter valued at about $28,000. Covestor Ltd increased its position in DICK'S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer's stock worth $30,000 after buying an additional 55 shares in the last quarter. ORG Partners LLC acquired a new position in shares of DICK'S Sporting Goods in the second quarter worth $30,000. ORG Wealth Partners LLC purchased a new stake in shares of DICK'S Sporting Goods in the third quarter valued at $30,000. Finally, Innealta Capital LLC acquired a new stake in shares of DICK'S Sporting Goods during the second quarter valued at $31,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Evercore ISI reiterated an "outperform" rating and set a $280.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Wedbush reiterated a "neutral" rating and issued a $250.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, September 5th. Bank of America increased their price target on DICK'S Sporting Goods from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Wells Fargo & Company dropped their price target on shares of DICK'S Sporting Goods from $230.00 to $227.00 and set an "equal weight" rating for the company in a research report on Monday, August 12th. Finally, Telsey Advisory Group lifted their price objective on DICK'S Sporting Goods from $255.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, DICK'S Sporting Goods has a consensus rating of "Moderate Buy" and an average target price of $244.62.

DICK'S Sporting Goods Price Performance

Shares of DKS traded down $4.77 during mid-day trading on Tuesday, hitting $208.63. The company's stock had a trading volume of 649,026 shares, compared to its average volume of 1,086,961. DICK'S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $239.30. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 2.31 and a beta of 1.62. The firm has a 50-day moving average price of $217.15 and a 200 day moving average price of $210.74. 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 (NYSE:DKS - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion during 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 company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 EPS. On average, research analysts predict that DICK'S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Friday, September 20th. DICK'S Sporting Goods's dividend payout ratio is presently 36.42%.

DICK'S Sporting Goods Company Profile

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.