Victory Capital Management Inc. Cuts Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Victory Capital Management Inc. reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS – Get Rating) by 10.7% in the first quarter, the company said in its most recent 13F filing with the Securities and Exchange Commission (SEC) . . The company owned 69,000 shares of the sporting goods retailer after selling 8,308 shares during the quarter. Victory Capital Management Inc. owned 0.08% of DICK’S Sporting Goods worth $6,653,000 at the end of the most recent quarter.

A number of other major investors also recently changed their stakes in the company. Vestnet Asset Management Inc. increased its stake in DICK’S Sporting Goods by 14.1% in the first quarter. Envestnet Asset Management Inc. now owns 110,631 shares of the sporting goods retailer, valued at $11,065,000, after purchasing an additional 13,660 shares during the period. Cookson Peirce & Co. Inc. increased its holding in DICK’S Sporting Goods stock by 3.3% during the first quarter. Cookson Peirce & Co. Inc. now owns 300,067 shares of the sporting goods retailer, valued at $30,013,000, after purchasing an additional 9,714 shares during the period. CENTRAL TRUST Co increased its stake in DICK’S Sporting Goods by 52.9% in the first quarter. CENTRAL TRUST Co now owns 1,070 shares of the sporting goods retailer, valued at $107,000, having bought an additional 370 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in DICK’S Sporting Goods stock valued at approximately $1,148,000 during the first quarter. Finally, Steward Partners Investment Advisory LLC increased its holding in shares of DICK’S Sporting Goods by 17.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,035 shares of the sporting goods retailer, valued at $103,000, after purchasing an additional 155 shares during the period. 78.92% of the shares are currently owned by hedge funds and other institutional investors.

Insider Transactions at DICK’S Sporting Goods

In other news, Director William J. Colombo bought 5,000 shares of the company’s stock in a transaction Tuesday, May 31. The stock was purchased at an average price of $80.99 per share for a total transaction of $404,950.00. Following the transaction, the Director now owns 162,003 shares of the Company, valued at $13,120,622.97. The purchase was disclosed in a legal filing with the SEC, which can be accessed at this link. In related news, SVP John Edward Hayes III sold 1,200 shares of the company’s stock in a transaction that took place on Thursday, May 26th. The stock sold at an average price of $84.57 for a total transaction of $101,484.00. Upon closing of the transaction, the senior vice president now owns 34,231 shares of the company, valued at approximately $2,894,915.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In addition, Director William J. Colombo acquired 5,000 shares of DICK’S Sporting Goods in a transaction that took place Tuesday, May 31st. The shares were purchased at an average price of $80.99 per share for a total value of $404,950.00. Following the transaction, the Director now directly owns 162,003 shares of the Company, valued at $13,120,622.97. The disclosure for this purchase can be found here. Insiders own 32.83% of the company’s shares.

Wall Street analysts forecast growth

DKS has been the subject of several analyst reports. Stephens lowered its target price on DICK’S Sporting Goods to $102.00 in a report Monday, May 30. Citigroup lowered its target price on DICK’S Sporting Goods to $132.00 from $170.00 and rated the stock a “buy” in a report Thursday, May 26. Barclays lowered its target price on DICK’S Sporting Goods to $106.00 from $134.00 and gave the stock an “overweight” rating in a report Thursday, May 26. Wedbush lowered its target price on DICK’S Sporting Goods from $140.00 to $110.00 in a report on Thursday, May 26. Finally, Robert W. Baird lowered his price target on DICK’S Sporting Goods to $85.00 from $115.00 and gave the stock a neutral rating in a report on Wednesday, May 25. One investment analyst has rated the stock with a sell rating, nine with a hold rating and eight with a buy rating. According to MarketBeat.com, DICK’S Sporting Goods has a consensus rating of Hold and a consensus price target of $117.94.

DICK’S sporting goods price history

Shares of DKS opened at $101.66 on Tuesday. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 1.81, and a beta of 1.63. The stock has a 50-day moving average of $84.27 and a 200-day moving average of $96.34. The company has a current ratio of 1.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89. DICK’S Sporting Goods, Inc. has a 52-week low of $63.45 and a 52-week high of $147.39.

DICK’S Sporting Goods (NYSE:DKS – Get Rating) last reported its earnings results on Wednesday, May 25th. The sporting goods retailer reported $2.85 EPS for the quarter, beating the consensus estimate of $2.43 by $0.42. The company had revenue of $2.70 billion in the quarter, compared to analyst estimates of $2.63 billion. DICK’S Sporting Goods had a return on equity of 58.42% and a net margin of 11.75%. The company’s revenue fell 7.5% year over year. In the same quarter last year, the company earned $3.79 per share. As a group, analysts are forecasting that DICK’S Sporting Goods, Inc. will post 10.77 EPS for the year to date.

DICK’S Sporting Goods announces dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10 received a dividend of $0.488. The ex-dividend date of this dividend was Thursday June 9th. That equates to an annualized dividend of $1.95 and a dividend yield of 1.92%. DICK’S Sporting Goods payout percentage is 15.07%.

About DICK’S sporting goods

(received rating)

DICK’S Sporting Goods, Inc, along with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The Company offers hardlines including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing equipment products; Clothing; and shoes and accessories.

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