Northwestern Mutual Wealth Management Co. Sells 4,401 Shares of DICK’S Sporting Goods, Inc. (NYSE:DKS)

Northwestern Mutual Wealth Management Co. reduced its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 88.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 591 shares of the sporting goods retailer’s stock after selling 4,401 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in DICK’S Sporting Goods were worth $127,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DKS. Creative Planning increased its position in DICK’S Sporting Goods by 2.6% in the second quarter. Creative Planning now owns 16,775 shares of the sporting goods retailer’s stock worth $3,604,000 after purchasing an additional 425 shares during the last quarter. Scientech Research LLC increased its stake in DICK’S Sporting Goods by 525.2% in the 2nd quarter. Scientech Research LLC now owns 14,579 shares of the sporting goods retailer’s stock worth $3,132,000 after buying an additional 12,247 shares during the period. Lighthouse Investment Partners LLC bought a new position in DICK’S Sporting Goods in the 2nd quarter worth about $520,000. The Manufacturers Life Insurance Company increased its position in shares of DICK’S Sporting Goods by 17.5% during the second quarter. The Manufacturers Life Insurance Company now owns 285,923 shares of the sporting goods retailer’s stock worth $61,431,000 after acquiring an additional 42,556 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in DICK’S Sporting Goods during the 2nd quarter valued at $3,669,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DKS shares. Loop Capital increased their target price on DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Barclays lifted their price target on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. UBS Group upped their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Wells Fargo & Company decreased their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price target on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, DICK’S Sporting Goods presently has an average rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Stock Up 2.3 %

Shares of NYSE DKS opened at $205.39 on Friday. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 2.31 and a beta of 1.62. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $239.30. The company’s 50-day simple moving average is $215.69 and its 200-day simple moving average is $211.11. 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) last issued its quarterly earnings results 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 firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 earnings per share. Equities analysts predict that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were issued a $1.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.14%. DICK’S Sporting Goods’s payout ratio is 36.42%.

DICK’S Sporting Goods 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.