Nuveen LLC Takes $25.54 Million Position in DICK'S Sporting Goods, Inc. $DKS

Nuveen LLC bought a new stake in DICK'S Sporting Goods, Inc. (NYSE:DKS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 126,726 shares of the sporting goods retailer's stock, valued at approximately $25,543,000. Nuveen LLC owned 0.16% of DICK'S Sporting Goods as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DKS. US Bancorp DE lifted its stake in shares of DICK'S Sporting Goods by 1.1% during the 1st quarter. US Bancorp DE now owns 4,740 shares of the sporting goods retailer's stock worth $955,000 after buying an additional 53 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of DICK'S Sporting Goods by 5.9% during the 4th quarter. EP Wealth Advisors LLC now owns 1,016 shares of the sporting goods retailer's stock worth $232,000 after buying an additional 57 shares during the last quarter. Pine Haven Investment Counsel Inc lifted its stake in shares of DICK'S Sporting Goods by 4.9% during the 1st quarter. Pine Haven Investment Counsel Inc now owns 1,279 shares of the sporting goods retailer's stock worth $258,000 after buying an additional 60 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of DICK'S Sporting Goods by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 1,449 shares of the sporting goods retailer's stock worth $292,000 after buying an additional 61 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of DICK'S Sporting Goods by 54.1% during the 1st quarter. Private Trust Co. NA now owns 188 shares of the sporting goods retailer's stock worth $38,000 after buying an additional 66 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Insider Transactions at DICK'S Sporting Goods

In other DICK'S Sporting Goods news, EVP Navdeep Gupta sold 13,334 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $225.00, for a total value of $3,000,150.00. Following the transaction, the executive vice president directly owned 74,444 shares of the company's stock, valued at $16,749,900. This trade represents a 15.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Eddy bought 1,357 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was purchased at an average cost of $185.31 per share, for a total transaction of $251,465.67. Following the completion of the acquisition, the director owned 4,768 shares in the company, valued at approximately $883,558.08. This trade represents a 39.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 69,200 shares of company stock worth $14,462,923. Corporate insiders own 32.55% of the company's stock.

DICK'S Sporting Goods Price Performance

DKS stock traded up $4.3180 during mid-day trading on Friday, hitting $227.7280. The stock had a trading volume of 379,532 shares, compared to its average volume of 1,463,771. The company has a current ratio of 1.62, a quick ratio of 0.47 and a debt-to-equity ratio of 0.49. DICK'S Sporting Goods, Inc. has a 52 week low of $166.37 and a 52 week high of $254.60. The firm has a market capitalization of $18.23 billion, a P/E ratio of 16.31, a P/E/G ratio of 3.18 and a beta of 1.07. The firm has a fifty day simple moving average of $206.21 and a 200 day simple moving average of $201.43.

DICK'S Sporting Goods (NYSE:DKS - Get Free Report) last released its earnings results on Wednesday, May 28th. The sporting goods retailer reported $3.37 EPS for the quarter, meeting the consensus estimate of $3.37. DICK'S Sporting Goods had a net margin of 8.49% and a return on equity of 38.06%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.12 billion. DICK'S Sporting Goods has set its FY 2025 guidance at 13.800-14.400 EPS. As a group, research analysts forecast that DICK'S Sporting Goods, Inc. will post 13.89 EPS for the current year.

DICK'S Sporting Goods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a $1.2125 dividend. This represents a $4.85 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 13th. DICK'S Sporting Goods's dividend payout ratio (DPR) is currently 34.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DKS. Cowen reaffirmed a "hold" rating on shares of DICK'S Sporting Goods in a research report on Monday. Robert W. Baird lowered their price target on shares of DICK'S Sporting Goods from $230.00 to $185.00 and set a "neutral" rating on the stock in a research report on Friday, May 16th. Loop Capital set a $215.00 price target on shares of DICK'S Sporting Goods and gave the stock a "hold" rating in a research report on Wednesday, July 30th. Bank of America lowered their price target on shares of DICK'S Sporting Goods from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company raised their price target on shares of DICK'S Sporting Goods from $187.00 to $215.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $225.00.

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.