Victory Capital Management Inc. Purchases 94,745 Shares of DICK'S Sporting Goods, Inc. (NYSE:DKS)

Victory Capital Management Inc. lifted its stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,334,018 shares of the sporting goods retailer's stock after buying an additional 94,745 shares during the period. Victory Capital Management Inc. owned about 2.86% of DICK'S Sporting Goods worth $342,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DKS. Oder Investment Management LLC lifted its holdings in shares of DICK'S Sporting Goods by 23.9% during the fourth quarter. Oder Investment Management LLC now owns 6,870 shares of the sporting goods retailer's stock valued at $1,010,000 after acquiring an additional 1,325 shares during the period. Brighton Jones LLC lifted its holdings in DICK'S Sporting Goods by 12.0% during the 4th quarter. Brighton Jones LLC now owns 8,282 shares of the sporting goods retailer's stock valued at $1,217,000 after purchasing an additional 888 shares during the last quarter. Van ECK Associates Corp boosted its position in DICK'S Sporting Goods by 2.7% in the fourth quarter. Van ECK Associates Corp now owns 8,818 shares of the sporting goods retailer's stock valued at $1,296,000 after buying an additional 232 shares in the last quarter. Chase Investment Counsel Corp grew its stake in DICK'S Sporting Goods by 13.0% during the fourth quarter. Chase Investment Counsel Corp now owns 7,800 shares of the sporting goods retailer's stock worth $1,146,000 after buying an additional 900 shares during the last quarter. Finally, Opinicus Capital Inc. bought a new stake in DICK'S Sporting Goods during the fourth quarter worth about $331,000. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on DKS shares. Telsey Advisory Group increased their price target on DICK'S Sporting Goods from $160.00 to $195.00 and gave the stock an "outperform" rating in a research report on Monday, March 11th. Stifel Nicolaus boosted their target price on shares of DICK'S Sporting Goods from $126.00 to $215.00 and gave the stock a "hold" rating in a research note on Friday, March 15th. Morgan Stanley increased their price target on shares of DICK'S Sporting Goods from $160.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, March 15th. Loop Capital lifted their target price on DICK'S Sporting Goods from $150.00 to $220.00 and gave the company a "hold" rating in a research note on Monday, March 18th. Finally, Robert W. Baird upped their target price on shares of DICK'S Sporting Goods from $145.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, March 14th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $208.64.

Insider Buying and Selling

In other news, major shareholder William Colombo Trustee U/A Dt acquired 40,000 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $213.93 per share, for a total transaction of $8,557,200.00. Following the purchase, the insider now directly owns 8,818,615 shares of the company's stock, valued at $1,886,566,306.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder William Colombo Trustee U/A Dt bought 40,000 shares of the stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $213.93 per share, for a total transaction of $8,557,200.00. Following the completion of the purchase, the insider now owns 8,818,615 shares in the company, valued at $1,886,566,306.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Elizabeth H. Baran sold 2,175 shares of the business's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $221.78, for a total transaction of $482,371.50. Following the completion of the sale, the senior vice president now directly owns 11,051 shares of the company's stock, valued at approximately $2,450,890.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 209,763 shares of company stock worth $46,483,438. Insiders own 30.79% of the company's stock.

DICK'S Sporting Goods Stock Down 1.5 %

Shares of NYSE DKS traded down $2.94 during midday trading on Wednesday, reaching $198.00. The company's stock had a trading volume of 977,134 shares, compared to its average volume of 1,155,269. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 2.49 and a beta of 1.58. DICK'S Sporting Goods, Inc. has a fifty-two week low of $100.98 and a fifty-two week high of $225.79. The stock has a 50 day simple moving average of $199.93 and a 200-day simple moving average of $158.32. The company has a current ratio of 1.78, a quick ratio of 0.74 and a debt-to-equity ratio of 0.57.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last posted its quarterly earnings data on Thursday, March 14th. The sporting goods retailer reported $3.85 EPS for the quarter, topping analysts' consensus estimates of $3.35 by $0.50. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. DICK'S Sporting Goods had a net margin of 8.06% and a return on equity of 42.99%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.93 EPS. Equities research analysts predict that DICK'S Sporting Goods, Inc. will post 13.26 earnings per share for the current year.

DICK'S Sporting Goods Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from DICK'S Sporting Goods's previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.22%. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 36.12%.

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.