Victory Capital Management Inc. Sells 92,676 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Victory Capital Management Inc. cut its stake in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 66.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,009 shares of the sporting goods retailer's stock after selling 92,676 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of DICK'S Sporting Goods worth $9,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DKS. American Century Companies Inc. increased its stake in shares of DICK'S Sporting Goods by 8.8% in the 4th quarter. American Century Companies Inc. now owns 112,664 shares of the sporting goods retailer's stock valued at $25,782,000 after acquiring an additional 9,146 shares during the last quarter. Sei Investments Co. raised its holdings in DICK'S Sporting Goods by 9.9% in the fourth quarter. Sei Investments Co. now owns 55,316 shares of the sporting goods retailer's stock worth $12,659,000 after purchasing an additional 4,970 shares during the period. LPL Financial LLC boosted its position in shares of DICK'S Sporting Goods by 12.0% during the fourth quarter. LPL Financial LLC now owns 48,328 shares of the sporting goods retailer's stock worth $11,059,000 after purchasing an additional 5,187 shares in the last quarter. Modern Wealth Management LLC acquired a new position in shares of DICK'S Sporting Goods in the 4th quarter valued at $337,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in DICK'S Sporting Goods by 2.0% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 83,427 shares of the sporting goods retailer's stock worth $19,091,000 after buying an additional 1,630 shares during the period. Institutional investors own 89.83% of the company's stock.

Insider Activity

In other news, CEO Lauren R. Hobart sold 40,166 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $204.58, for a total value of $8,217,160.28. Following the completion of the transaction, the chief executive officer directly owned 299,990 shares in the company, valued at approximately $61,371,954.20. This represents a 11.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert W. Eddy acquired 1,280 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average cost of $194.99 per share, for a total transaction of $249,587.20. Following the acquisition, the director owned 6,048 shares in the company, valued at $1,179,299.52. This represents a 26.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 55,866 shares of company stock valued at $11,462,773. 32.55% of the stock is currently owned by insiders.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock traded up $5.19 during trading hours on Friday, hitting $217.06. The company had a trading volume of 813,620 shares, compared to its average volume of 1,423,697. The firm has a 50-day moving average of $191.21 and a 200 day moving average of $203.85. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.62 and a quick ratio of 0.47. The firm has a market cap of $17.38 billion, a PE ratio of 15.53, a PEG ratio of 3.02 and a beta of 1.07. DICK'S Sporting Goods, Inc. has a one year low of $166.37 and a one year high of $254.60.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 earnings per share for the quarter, hitting the consensus estimate of $3.37. DICK'S Sporting Goods had a return on equity of 38.06% and a net margin of 8.49%. The business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.12 billion. On average, sell-side analysts expect that DICK'S Sporting Goods, Inc. will post 13.89 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 27th. Shareholders of record on Friday, June 13th were given a $1.2125 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $4.85 dividend on an annualized basis and a yield of 2.23%. DICK'S Sporting Goods's dividend payout ratio is currently 34.69%.

Analyst Upgrades and Downgrades

DKS has been the subject of a number of research analyst reports. UBS Group decreased their target price on DICK'S Sporting Goods from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Wells Fargo & Company upped their price target on shares of DICK'S Sporting Goods from $171.00 to $187.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Telsey Advisory Group reissued an "outperform" rating and set a $220.00 price objective on shares of DICK'S Sporting Goods in a research report on Wednesday, May 28th. Barclays boosted their price objective on shares of DICK'S Sporting Goods from $217.00 to $232.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Finally, Stifel Nicolaus lowered their target price on DICK'S Sporting Goods from $226.00 to $192.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $219.56.

DICK'S Sporting Goods 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.