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

Victory Capital Management Inc. boosted its holdings in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 26.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,339 shares of the sporting goods retailer’s stock after buying an additional 12,251 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of DICK’S Sporting Goods worth $8,420,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DKS. CIBC Private Wealth Group LLC grew its holdings in DICK’S Sporting Goods by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,174,456 shares of the sporting goods retailer’s stock worth $141,275,000 after purchasing an additional 632,420 shares during the last quarter. Geode Capital Management LLC grew its holdings in DICK’S Sporting Goods by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 881,663 shares of the sporting goods retailer’s stock worth $106,366,000 after purchasing an additional 6,374 shares during the last quarter. Squarepoint Ops LLC grew its holdings in DICK’S Sporting Goods by 38.4% in the fourth quarter. Squarepoint Ops LLC now owns 679,115 shares of the sporting goods retailer’s stock worth $81,691,000 after purchasing an additional 188,409 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in DICK’S Sporting Goods by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 522,863 shares of the sporting goods retailer’s stock worth $62,895,000 after purchasing an additional 7,191 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in DICK’S Sporting Goods by 10.3% in the second quarter. Goldman Sachs Group Inc. now owns 475,022 shares of the sporting goods retailer’s stock worth $35,803,000 after purchasing an additional 44,228 shares during the last quarter. 69.98% of the stock is owned by hedge funds and other institutional investors.

DICK’S Sporting Goods Stock Down 0.5 %

DKS opened at $140.29 on Wednesday. DICK’S Sporting Goods, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $152.61. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.76 and a current ratio of 1.96. The company has a fifty day moving average of $133.06 and a two-hundred day moving average of $135.28. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.72 and a beta of 1.42.

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DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last released its quarterly earnings data on Tuesday, May 23rd. The sporting goods retailer reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.18. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.80 billion. DICK’S Sporting Goods had a net margin of 8.69% and a return on equity of 45.52%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.85 earnings per share. On average, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.47 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.85%. DICK’S Sporting Goods’s dividend payout ratio is currently 34.19%.

Analyst Ratings Changes

DKS has been the topic of several analyst reports. Citigroup cut their price target on shares of DICK’S Sporting Goods from $144.00 to $135.00 in a report on Wednesday, May 24th. Loop Capital lowered their price objective on shares of DICK’S Sporting Goods from $150.00 to $135.00 in a research note on Wednesday, May 24th. Wells Fargo & Company lowered their price objective on shares of DICK’S Sporting Goods from $146.00 to $140.00 in a research note on Wednesday, May 24th. Finally, StockNews.com initiated coverage on shares of DICK’S Sporting Goods in a research note on Thursday, May 18th. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average price target of $156.43.

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Insider Transactions at DICK’S Sporting Goods

In other news, CFO Navdeep Gupta sold 16,321 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $136.28, for a total transaction of $2,224,225.88. Following the completion of the sale, the chief financial officer now owns 97,012 shares of the company’s stock, valued at $13,220,795.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Navdeep Gupta sold 16,321 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $136.28, for a total transaction of $2,224,225.88. Following the completion of the sale, the chief financial officer now owns 97,012 shares of the company’s stock, valued at approximately $13,220,795.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Edward Hayes III sold 1,733 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $136.66, for a total transaction of $236,831.78. Following the sale, the senior vice president now directly owns 18,416 shares of the company’s stock, valued at approximately $2,516,730.56. The disclosure for this sale can be found here. Insiders sold 27,139 shares of company stock valued at $3,583,419 over the last 90 days. Corporate insiders own 30.79% of the company’s stock.

DICK’S Sporting Goods Company Profile

(Free Report)

DICK’S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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