Victory Capital Management Inc. Has $25.90 Million Stake in DICK'S Sporting Goods, Inc. (NYSE:DKS)

Victory Capital Management Inc. increased its holdings in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 99.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,119 shares of the sporting goods retailer's stock after buying an additional 61,767 shares during the period. Victory Capital Management Inc. owned 0.15% of DICK'S Sporting Goods worth $25,904,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Renaissance Technologies LLC grew its position in shares of DICK'S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer's stock worth $237,697,000 after buying an additional 375,600 shares during the period. International Assets Investment Management LLC boosted its position in shares of DICK'S Sporting Goods by 19,851.3% during the third quarter. International Assets Investment Management LLC now owns 208,491 shares of the sporting goods retailer's stock worth $43,512,000 after purchasing an additional 207,446 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of DICK'S Sporting Goods by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer's stock valued at $1,209,892,000 after buying an additional 166,687 shares during the period. AQR Capital Management LLC raised its stake in DICK'S Sporting Goods by 40.2% during the 2nd quarter. AQR Capital Management LLC now owns 545,045 shares of the sporting goods retailer's stock worth $117,103,000 after buying an additional 156,227 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in DICK'S Sporting Goods by 65.9% during the second quarter. Los Angeles Capital Management LLC now owns 278,338 shares of the sporting goods retailer's stock worth $59,801,000 after acquiring an additional 110,570 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

DICK'S Sporting Goods Price Performance

Shares of DKS traded up $1.59 during trading hours on Monday, hitting $199.84. 412,604 shares of the company were exchanged, compared to its average volume of 1,061,076. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 2.25 and a beta of 1.64. The firm's fifty day moving average is $206.64 and its 200 day moving average is $210.42. DICK'S Sporting Goods, Inc. has a fifty-two week low of $117.71 and a fifty-two week high of $239.30. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion during the quarter, compared to analysts' expectations of $3.44 billion. DICK'S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.82 EPS. On average, equities analysts anticipate that DICK'S Sporting Goods, Inc. will post 13.91 earnings per share for the current fiscal year.

DICK'S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.20%. DICK'S Sporting Goods's payout ratio is 32.28%.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of research reports. Bank of America lifted their price target on shares of DICK'S Sporting Goods from $240.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, September 5th. Telsey Advisory Group boosted their price target on DICK'S Sporting Goods from $255.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Loop Capital upped their price objective on DICK'S Sporting Goods from $200.00 to $220.00 and gave the stock a "hold" rating in a research report on Thursday, September 5th. Wells Fargo & Company cut their target price on DICK'S Sporting Goods from $230.00 to $227.00 and set an "equal weight" rating on the stock in a research note on Monday, August 12th. Finally, TD Cowen raised their price target on shares of DICK'S Sporting Goods from $266.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, DICK'S Sporting Goods presently has an average rating of "Moderate Buy" and an average target price of $244.62.

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.