Northwestern Mutual Wealth Management Co. Purchases New Position in DICK'S Sporting Goods, Inc. $DKS

Key Points

• Northwestern Mutual Wealth Management acquired 11,773 shares of DICK’S Sporting Goods valued at approximately $2.67 million during the second quarter.
• Institutional investors and hedge funds own 89.83% of DICK’S stock, with BlackRock, Viking Global Investors, Norges Bank and others also establishing sizable positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $256.88; the company recently reported $5.16 billion in quarterly revenue, up 62.7% year over year, while narrowly missing EPS estimates.

Northwestern Mutual Wealth Management Co. acquired a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,773 shares of the sporting goods retailer's stock, valued at approximately $2,670,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DKS. BlackRock Inc. acquired a new stake in shares of DICK'S Sporting Goods in the second quarter valued at about $1,501,321,000. Viking Global Investors LP acquired a new position in DICK'S Sporting Goods during the 4th quarter worth approximately $509,371,000. Norges Bank purchased a new position in DICK'S Sporting Goods in the 4th quarter worth approximately $192,639,000. Atreides Management LP purchased a new position in DICK'S Sporting Goods in the 2nd quarter worth approximately $172,715,000. Finally, Bank of New York Mellon Corp purchased a new position in DICK'S Sporting Goods in the 2nd quarter worth approximately $128,943,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

DKS has been the topic of a number of recent research reports. BTIG Research reissued a "buy" rating and set a $300.00 target price on shares of DICK'S Sporting Goods in a research report on Thursday, May 28th. Robert W. Baird set a $264.00 price target on shares of DICK'S Sporting Goods in a report on Thursday, May 28th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of DICK'S Sporting Goods in a research note on Monday, August 3rd. DA Davidson reissued a "buy" rating and issued a $260.00 price objective on shares of DICK'S Sporting Goods in a research report on Monday, August 17th. Finally, UBS Group upgraded DICK'S Sporting Goods from a "buy" rating to a "positive" rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $256.88.

DICK'S Sporting Goods Stock Performance

DICK'S Sporting Goods stock opened at $179.98 on Tuesday. The stock has a market cap of $16.11 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $213.14 and a 200-day moving average of $211.25. DICK'S Sporting Goods, Inc. has a 52 week low of $175.65 and a 52 week high of $244.38.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The sporting goods retailer reported $2.90 earnings per share for the quarter, missing analysts' consensus estimates of $2.91 by ($0.01). The company had revenue of $5.16 billion for the quarter, compared to analyst estimates of $5.07 billion. DICK'S Sporting Goods had a return on equity of 22.22% and a net margin of 4.71%.The firm's quarterly revenue was up 62.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.37 EPS. DICK'S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. On average, analysts expect that DICK'S Sporting Goods, Inc. will post 14.24 EPS for the current fiscal year.

DICK'S Sporting Goods Profile

DICK'S Sporting Goods is a leading U.S.-based sporting goods retailer that sells a broad range of sports equipment, apparel, footwear and outdoor gear. The company operates an omnichannel business combining physical stores with digital sales, offering products for team sports, fitness, hunting and fishing, golf, and general active lifestyle categories. In addition to its flagship DICK'S stores, the company operates specialty formats such as Golf Galaxy and branded service offerings including team-sports sales and custom equipment solutions.

The company traces its roots to a single sporting goods outlet founded in 1948 and has since grown into a national retail chain serving customers across the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source