DICK’S Sporting Goods, Inc. (NYSE:DKS) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 11.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,685 shares of the sporting goods retailer’s stock after purchasing an additional 14,566 shares during the quarter. Victory Capital Management Inc. owned 0.17% of DICK’S Sporting Goods worth $31,737,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DKS. Brooklyn Investment Group bought a new position in DICK’S Sporting Goods during the third quarter worth $27,000. New Wave Wealth Advisors LLC bought a new position in DICK’S Sporting Goods during the fourth quarter worth $28,000. True Wealth Design LLC lifted its stake in DICK’S Sporting Goods by 2,900.0% during the third quarter. True Wealth Design LLC now owns 150 shares of the sporting goods retailer’s stock worth $31,000 after purchasing an additional 145 shares during the last quarter. Sound Income Strategies LLC lifted its stake in DICK’S Sporting Goods by 590.0% during the fourth quarter. Sound Income Strategies LLC now owns 138 shares of the sporting goods retailer’s stock worth $32,000 after purchasing an additional 118 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in DICK’S Sporting Goods during the third quarter worth $49,000. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on DKS. Wedbush reiterated a “neutral” rating and issued a $215.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday. TD Cowen raised their target price on DICK’S Sporting Goods from $270.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley raised their target price on DICK’S Sporting Goods from $245.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Truist Financial raised their target price on DICK’S Sporting Goods from $256.00 to $258.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Argus raised their target price on DICK’S Sporting Goods from $255.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $248.09.

Insider Buying and Selling

In related news, Director Lawrence J. Schorr sold 7,333 shares of DICK’S Sporting Goods stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.55, for a total transaction of $1,697,956.15. Following the transaction, the director now directly owns 50,997 shares of the company’s stock, valued at $11,808,355.35. The trade was a 12.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Julie Lodge-Jarrett sold 5,000 shares of DICK’S Sporting Goods stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $227.99, for a total value of $1,139,950.00. Following the completion of the transaction, the executive vice president now directly owns 16,504 shares in the company, valued at $3,762,746.96. This represents a 23.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 172,933 shares of company stock valued at $39,655,456 over the last three months. Company insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Price Performance

NYSE:DKS opened at $214.48 on Monday. The business’s 50-day moving average price is $231.77 and its 200 day moving average price is $219.39. The firm has a market cap of $17.47 billion, a P/E ratio of 15.33, a PEG ratio of 2.47 and a beta of 1.53. DICK’S Sporting Goods, Inc. has a 52-week low of $178.21 and a 52-week high of $254.60. The company has a quick ratio of 0.56, a current ratio of 1.72 and a debt-to-equity ratio of 0.48.

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.