Dicks Sporting Goods Inc (NYSE:DKS) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lessened its stake in Dicks Sporting Goods Inc (NYSE:DKS) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,820 shares of the sporting goods retailer’s stock after selling 310 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Dicks Sporting Goods were worth $104,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in shares of Dicks Sporting Goods by 2.8% in the fourth quarter. SG Americas Securities LLC now owns 12,868 shares of the sporting goods retailer’s stock worth $401,000 after buying an additional 347 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Dicks Sporting Goods by 5.8% in the fourth quarter. D.A. Davidson & CO. now owns 6,664 shares of the sporting goods retailer’s stock worth $208,000 after buying an additional 366 shares during the last quarter. Centric Wealth Management increased its stake in shares of Dicks Sporting Goods by 4.1% in the first quarter. Centric Wealth Management now owns 11,498 shares of the sporting goods retailer’s stock worth $423,000 after buying an additional 458 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Dicks Sporting Goods by 1.5% in the first quarter. Mason Street Advisors LLC now owns 39,225 shares of the sporting goods retailer’s stock worth $1,444,000 after buying an additional 588 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Dicks Sporting Goods by 40.8% in the first quarter. Meeder Asset Management Inc. now owns 2,322 shares of the sporting goods retailer’s stock worth $86,000 after buying an additional 673 shares during the last quarter. Institutional investors and hedge funds own 80.07% of the company’s stock.

DKS stock opened at $33.37 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.31 and a quick ratio of 0.16. Dicks Sporting Goods Inc has a 1-year low of $29.69 and a 1-year high of $41.21. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 1.83 and a beta of 0.62.

Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 29th. The sporting goods retailer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.03. Dicks Sporting Goods had a net margin of 3.76% and a return on equity of 16.95%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts predict that Dicks Sporting Goods Inc will post 3.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.10 annualized dividend and a yield of 3.30%. Dicks Sporting Goods’s payout ratio is 33.95%.

A number of analysts recently issued reports on DKS shares. Telsey Advisory Group restated an “outperform” rating and issued a $41.00 price target (down previously from $44.00) on shares of Dicks Sporting Goods in a research note on Wednesday, March 13th. ValuEngine lowered shares of Dicks Sporting Goods from a “hold” rating to a “sell” rating in a research note on Thursday. Citigroup started coverage on shares of Dicks Sporting Goods in a research note on Wednesday, April 10th. They issued a “neutral” rating and a $40.00 price target for the company. Bank of America set a $40.00 price target on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research note on Thursday, May 30th. Finally, Zacks Investment Research upgraded shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating and set a $39.00 price target for the company in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.33.

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About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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Institutional Ownership by Quarter for Dicks Sporting Goods (NYSE:DKS)

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