Northwestern Mutual Wealth Management Co. Increases Stock Holdings in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its stake in DICK'S Sporting Goods by 104.1%, reaching a total value of $580,000 with 2,878 shares owned at the end of the most recent quarter.
• Insider transactions included Navdeep Gupta selling 13,334 shares for over $3 million, while Director Robert W. Eddy increased his ownership by acquiring 1,280 shares.
• Analyst ratings for DICK'S Sporting Goods show a consensus "Hold," with price targets ranging from $195 to $253, reflecting mixed outlooks on its future performance.

Northwestern Mutual Wealth Management Co. lifted its position in shares of DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) by 104.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,878 shares of the sporting goods retailer's stock after buying an additional 1,468 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in DICK'S Sporting Goods were worth $580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allstate Corp raised its holdings in shares of DICK'S Sporting Goods by 97.1% during the 1st quarter. Allstate Corp now owns 3,201 shares of the sporting goods retailer's stock worth $645,000 after acquiring an additional 1,577 shares in the last quarter. Compound Planning Inc. raised its holdings in shares of DICK'S Sporting Goods by 5.7% in the first quarter. Compound Planning Inc. now owns 1,291 shares of the sporting goods retailer's stock valued at $260,000 after acquiring an additional 70 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of DICK'S Sporting Goods by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 253,907 shares of the sporting goods retailer's stock valued at $51,179,000 after purchasing an additional 31,325 shares in the last quarter. Bank OZK boosted its holdings in shares of DICK'S Sporting Goods by 23.1% in the 1st quarter. Bank OZK now owns 10,165 shares of the sporting goods retailer's stock valued at $2,049,000 after buying an additional 1,909 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of DICK'S Sporting Goods by 416.9% during the 1st quarter. Wellington Management Group LLP now owns 2,829,780 shares of the sporting goods retailer's stock worth $570,370,000 after acquiring an additional 2,282,300 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Elizabeth H. Baran sold 1,830 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $204.65, for a total value of $374,509.50. Following the transaction, the senior vice president owned 12,465 shares in the company, valued at $2,550,962.25. This trade represents a 12.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lauren R. Hobart sold 40,166 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 299,990 shares in the company, valued at approximately $61,371,954.20. This represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,200 shares of company stock worth $14,462,923. Company insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Stock Performance

Shares of DICK'S Sporting Goods stock traded down $0.64 during trading on Friday, hitting $221.39. 3,440,481 shares of the company's stock were exchanged, compared to its average volume of 2,007,977. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 3.18 and a beta of 1.02. The business has a 50-day simple moving average of $214.60 and a 200-day simple moving average of $199.93. DICK'S Sporting Goods, Inc. has a 52-week low of $166.37 and a 52-week high of $254.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 1.70.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The sporting goods retailer reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.30 by $0.08. DICK'S Sporting Goods had a return on equity of 36.54% and a net margin of 8.52%.The company had revenue of $3.65 billion during the quarter, compared to analysts' expectations of $3.61 billion. During the same period last year, the business earned $4.37 earnings per share. DICK'S Sporting Goods's quarterly revenue was up 5.0% on a year-over-year basis. DICK'S Sporting Goods has set its FY 2025 guidance at 13.900-14.500 EPS. On average, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $1.2125 per share. This represents a $4.85 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 12th. DICK'S Sporting Goods's dividend payout ratio is presently 33.87%.

Wall Street Analysts Forecast Growth

DKS has been the subject of a number of recent analyst reports. Oppenheimer reissued an "outperform" rating and issued a $270.00 price objective on shares of DICK'S Sporting Goods in a research report on Friday, August 29th. Robert W. Baird decreased their price objective on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating for the company in a research report on Friday, May 16th. Morgan Stanley boosted their target price on shares of DICK'S Sporting Goods from $232.00 to $253.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Gordon Haskett upgraded shares of DICK'S Sporting Goods from a "reduce" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Loop Capital set a $215.00 price objective on shares of DICK'S Sporting Goods and gave the stock a "hold" rating in a research note on Wednesday, July 30th. Nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $232.50.

DICK'S Sporting Goods Company 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.