Northwestern Mutual Wealth Management Co. Boosts Position in DICK’S Sporting Goods, Inc. $DKS

Northwestern Mutual Wealth Management Co. raised its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 8,305.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 452,271 shares of the sporting goods retailer’s stock after buying an additional 446,890 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in DICK’S Sporting Goods were worth $83,895,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DKS. Migdal Insurance & Financial Holdings Ltd. purchased a new position in DICK’S Sporting Goods during the 4th quarter valued at about $30,000. Clearstead Advisors LLC grew its holdings in DICK’S Sporting Goods by 46.9% during the 3rd quarter. Clearstead Advisors LLC now owns 144 shares of the sporting goods retailer’s stock valued at $32,000 after buying an additional 46 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of DICK’S Sporting Goods during the third quarter worth about $33,000. Laurel Wealth Advisors LLC bought a new position in shares of DICK’S Sporting Goods in the fourth quarter worth approximately $34,000. Finally, Westside Investment Management Inc. raised its stake in DICK’S Sporting Goods by 100.0% in the third quarter. Westside Investment Management Inc. now owns 152 shares of the sporting goods retailer’s stock valued at $35,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Price Performance

DKS opened at $216.22 on Monday. The stock has a fifty day simple moving average of $207.87 and a two-hundred day simple moving average of $209.58. The company has a current ratio of 1.53, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 3.07 and a beta of 1.21. DICK’S Sporting Goods, Inc. has a 12-month low of $167.03 and a 12-month high of $237.31.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Thursday, March 12th. The sporting goods retailer reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.02. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.06 billion. DICK’S Sporting Goods had a return on equity of 27.12% and a net margin of 4.93%.The firm’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.62 earnings per share. DICK’S Sporting Goods has set its FY 2026 guidance at 13.500-14.500 EPS. Research analysts predict that DICK’S Sporting Goods, Inc. will post 14.29 earnings per share for the current fiscal year.

DICK’S Sporting Goods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 27th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. This is a boost from DICK’S Sporting Goods’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend was Friday, March 27th. DICK’S Sporting Goods’s payout ratio is 48.92%.

Insider Buying and Selling at DICK’S Sporting Goods

In related news, EVP Julie Lodge-Jarrett sold 4,140 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $223.56, for a total transaction of $925,538.40. Following the sale, the executive vice president directly owned 24,757 shares of the company’s stock, valued at $5,534,674.92. This trade represents a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Edward W. Stack sold 210,478 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $197.69, for a total value of $41,609,395.82. Following the completion of the transaction, the chairman directly owned 6,549,026 shares in the company, valued at $1,294,676,949.94. The trade was a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 28.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DKS shares. Morgan Stanley dropped their price objective on shares of DICK’S Sporting Goods from $260.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, March 13th. BTIG Research reaffirmed a “buy” rating and issued a $300.00 target price on shares of DICK’S Sporting Goods in a research note on Wednesday, May 13th. UBS Group reaffirmed a “buy” rating on shares of DICK’S Sporting Goods in a research note on Tuesday, March 3rd. Barclays upped their target price on DICK’S Sporting Goods from $242.00 to $264.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Robert W. Baird set a $253.00 target price on DICK’S Sporting Goods in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.89.

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.